Wall Street brokerages forecast that Cognizant Technology Solutions Corporation (NASDAQ:CTSH) will post $3.82 billion in sales for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Cognizant Technology Solutions’ earnings. The lowest sales estimate is $3.80 billion and the highest is $3.84 billion. Cognizant Technology Solutions posted sales of $3.46 billion during the same quarter last year, which suggests a positive year over year growth rate of 10.4%. The firm is scheduled to issue its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Cognizant Technology Solutions will report full-year sales of $3.82 billion for the current year, with estimates ranging from $14.73 billion to $14.83 billion. For the next financial year, analysts anticipate that the firm will report sales of $16.16 billion per share, with estimates ranging from $16.02 billion to $16.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cognizant Technology Solutions.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.13. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share.

CTSH has been the topic of several recent analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $76.00 target price (up previously from $69.00) on shares of Cognizant Technology Solutions in a report on Friday, August 4th. Zacks Investment Research downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Needham & Company LLC reiterated a “buy” rating and set a $78.00 price target (up previously from $72.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, August 9th. Vetr upgraded Cognizant Technology Solutions from a “sell” rating to a “buy” rating and set a $76.85 price target for the company in a research note on Tuesday, September 19th. Finally, Wedbush restated an “outperform” rating on shares of Cognizant Technology Solutions in a research note on Monday, September 18th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. Cognizant Technology Solutions presently has a consensus rating of “Buy” and a consensus target price of $81.91.

In other Cognizant Technology Solutions news, EVP James Patrick Lennox sold 1,725 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $71.57, for a total value of $123,458.25. Following the sale, the executive vice president now directly owns 8,407 shares of the company’s stock, valued at $601,688.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Venkat Krishnaswamy sold 4,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $75.00, for a total value of $300,000.00. Following the completion of the sale, the insider now directly owns 3,919 shares in the company, valued at $293,925. The disclosure for this sale can be found here. Insiders have sold 644,918 shares of company stock worth $46,568,899 over the last 90 days. 1.08% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Cognizant Technology Solutions in the third quarter worth $1,770,000. Public Employees Retirement System of Ohio increased its holdings in Cognizant Technology Solutions by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 423,088 shares of the information technology service provider’s stock worth $30,691,000 after purchasing an additional 1,489 shares during the period. Crestwood Advisors Group LLC boosted its position in Cognizant Technology Solutions by 0.6% during the 3rd quarter. Crestwood Advisors Group LLC now owns 231,532 shares of the information technology service provider’s stock valued at $16,795,000 after acquiring an additional 1,349 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth $408,000. Finally, Yellowstone Partners LLC acquired a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth $3,813,000. 87.31% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions (CTSH) opened at $72.28 on Friday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. Cognizant Technology Solutions has a 12-month low of $51.52 and a 12-month high of $76.51. The firm has a market capitalization of $42,967.43, a P/E ratio of 21.75, a PEG ratio of 1.64 and a beta of 1.10.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Cognizant Technology Solutions’s dividend payout ratio is presently 18.52%.

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Cognizant Technology Solutions 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.

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

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