Cognizant Technology Solutions Corporation (NASDAQ:CTSH) – Investment analysts at KeyCorp raised their Q1 2018 earnings per share estimates for Cognizant Technology Solutions Corporation in a report released on Sunday. KeyCorp analyst A. Ramnani now expects that the information technology service provider will post earnings of $0.96 per share for the quarter, up from their previous forecast of $0.94. KeyCorp has a “Buy” rating and a $79.00 price target on the stock. KeyCorp also issued estimates for Cognizant Technology Solutions Corporation’s Q2 2018 earnings at $1.00 EPS, Q3 2018 earnings at $1.07 EPS, Q4 2018 earnings at $1.10 EPS and FY2018 earnings at $4.12 EPS.

CTSH has been the subject of several other research reports. Bank of America Corporation reiterated a “buy” rating and issued a $86.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Tuesday, September 12th. Credit Suisse Group set a $80.00 target price on shares of Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, October 10th. Wedbush reiterated an “outperform” rating on shares of Cognizant Technology Solutions Corporation in a report on Monday, September 18th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $76.00 target price (up previously from $69.00) on shares of Cognizant Technology Solutions Corporation in a report on Friday, August 4th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $77.67.

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Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded up 0.82% on Tuesday, hitting $76.13. 1,455,585 shares of the stock were exchanged. The stock has a market cap of $44.96 billion, a price-to-earnings ratio of 24.42 and a beta of 1.12. The stock’s 50-day moving average is $73.22 and its 200-day moving average is $68.52. Cognizant Technology Solutions Corporation has a 1-year low of $51.12 and a 1-year high of $76.51.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $0.87 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis.

In other news, insider Venkat Krishnaswamy sold 8,151 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $70.93, for a total value of $578,150.43. Following the sale, the insider now directly owns 9,429 shares of the company’s stock, valued at $668,798.97. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Allen Shaheen sold 442 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $70.58, for a total transaction of $31,196.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 281,095 shares of company stock worth $20,095,913. Insiders own 1.08% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Cornerstone Advisors Inc. lifted its holdings in shares of Cognizant Technology Solutions Corporation by 0.3% in the second quarter. Cornerstone Advisors Inc. now owns 3,633 shares of the information technology service provider’s stock worth $241,000 after buying an additional 11 shares in the last quarter. Guardian Life Insurance Co. of America lifted its holdings in shares of Cognizant Technology Solutions Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after buying an additional 27 shares in the last quarter. First Capital Advisors Group LLC. lifted its holdings in shares of Cognizant Technology Solutions Corporation by 0.9% in the second quarter. First Capital Advisors Group LLC. now owns 3,676 shares of the information technology service provider’s stock worth $244,000 after buying an additional 32 shares in the last quarter. Comerica Securities Inc. lifted its holdings in shares of Cognizant Technology Solutions Corporation by 0.4% in the second quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock worth $519,000 after buying an additional 32 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of Cognizant Technology Solutions Corporation by 0.5% in the second quarter. CENTRAL TRUST Co now owns 6,403 shares of the information technology service provider’s stock worth $425,000 after buying an additional 35 shares in the last quarter. 87.35% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Corporation Company Profile

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

Earnings History and Estimates for Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

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