Cognizant Technology Solutions Corp (NASDAQ:CTSH) – Stock analysts at Oppenheimer issued their Q1 2019 earnings estimates for shares of Cognizant Technology Solutions in a research note issued to investors on Wednesday. Oppenheimer analyst G. Greene expects that the information technology service provider will earn $1.12 per share for the quarter. Oppenheimer currently has a “Buy” rating and a $80.00 target price on the stock. Oppenheimer also issued estimates for Cognizant Technology Solutions’ Q2 2019 earnings at $1.17 EPS, Q3 2019 earnings at $1.22 EPS and Q4 2019 earnings at $1.26 EPS.
Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, February 7th. The information technology service provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.15. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.82 billion. Cognizant Technology Solutions had a net margin of 10.15% and a return on equity of 19.94%. Cognizant Technology Solutions’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS.
Cognizant Technology Solutions (CTSH) opened at $76.29 on Monday. The company has a market cap of $44,984.02, a P/E ratio of 30.15, a P/E/G ratio of 1.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.21 and a quick ratio of 3.29. Cognizant Technology Solutions has a 1 year low of $57.00 and a 1 year high of $79.28.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd will be issued a $0.20 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $0.80 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 23.72%.
In other Cognizant Technology Solutions news, VP Malcolm Frank sold 9,462 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $70.61, for a total value of $668,111.82. Following the transaction, the vice president now owns 15,533 shares in the company, valued at approximately $1,096,785.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francisco Dsouza sold 482,000 shares of Cognizant Technology Solutions stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $72.04, for a total value of $34,723,280.00. Following the transaction, the chief executive officer now owns 621,643 shares in the company, valued at approximately $44,783,161.72. The disclosure for this sale can be found here. Insiders sold a total of 994,079 shares of company stock worth $73,129,749 in the last 90 days. 1.08% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. increased its position in shares of Cognizant Technology Solutions by 108.8% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 1,512 shares of the information technology service provider’s stock worth $107,000 after purchasing an additional 788 shares during the last quarter. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth about $107,000. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Cognizant Technology Solutions during the 3rd quarter worth about $121,000. Cerebellum GP LLC acquired a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth about $128,000. Finally, WFG Advisors LP increased its position in shares of Cognizant Technology Solutions by 46.4% during the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after purchasing an additional 621 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.
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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