Analysts expect that Cognizant Technology Solutions Corp (NASDAQ:CTSH) will post $0.97 earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have provided estimates for Cognizant Technology Solutions’ earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.95. Cognizant Technology Solutions posted earnings of $0.87 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, February 7th.
On average, analysts expect that Cognizant Technology Solutions will report full-year earnings of $3.71 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.77. For the next fiscal year, analysts forecast that the business will report earnings of $4.36 per share, with EPS estimates ranging from $4.15 to $4.46. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Cognizant Technology Solutions.
Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.13. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 earnings per share.
Cognizant Technology Solutions (NASDAQ:CTSH) opened at $77.29 on Friday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $45,255.25, a P/E ratio of 22.91, a P/E/G ratio of 1.47 and a beta of 1.08. Cognizant Technology Solutions has a 12 month low of $51.52 and a 12 month high of $77.38.
In other Cognizant Technology Solutions news, insider Sumithra Gomatam sold 3,163 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $76.00, for a total value of $240,388.00. Following the transaction, the insider now directly owns 6,346 shares of the company’s stock, valued at $482,296. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Venkat Krishnaswamy sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $75.00, for a total value of $300,000.00. Following the completion of the transaction, the insider now directly owns 3,919 shares in the company, valued at $293,925. The disclosure for this sale can be found here. Over the last three months, insiders sold 889,911 shares of company stock worth $64,936,834. Insiders own 1.08% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $121,000. WFG Advisors LP increased its holdings in shares of Cognizant Technology Solutions by 46.4% during the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after acquiring an additional 621 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Cognizant Technology Solutions during the second quarter valued at approximately $137,000. BB&T Investment Services Inc. increased its holdings in shares of Cognizant Technology Solutions by 86.8% during the third quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock valued at $141,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $167,000. Hedge funds and other institutional investors own 86.04% of the company’s stock.
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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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