Wall Street brokerages expect Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings per share of $0.97 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Cognizant Technology Solutions Corporation’s earnings, with estimates ranging from $0.95 to $1.03. Cognizant Technology Solutions Corporation reported earnings per share of $0.87 in the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The business is expected to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Cognizant Technology Solutions Corporation will report full-year earnings of $3.71 per share for the current year, with EPS estimates ranging from $3.65 to $3.77. For the next financial year, analysts anticipate that the company will report earnings of $4.36 per share, with EPS estimates ranging from $4.15 to $4.46. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Cognizant Technology Solutions Corporation.

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

A number of research analysts have issued reports on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $80.00 target price on shares of Cognizant Technology Solutions Corporation in a research report on Wednesday, November 1st. William Blair upgraded shares of Cognizant Technology Solutions Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 1st. Cantor Fitzgerald restated a “buy” rating and set a $78.00 target price on shares of Cognizant Technology Solutions Corporation in a research report on Wednesday, November 1st. Needham & Company LLC upgraded shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and upped their target price for the company from $78.00 to $90.00 in a research report on Wednesday, November 1st. Finally, BMO Capital Markets upped their target price on shares of Cognizant Technology Solutions Corporation from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $81.19.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up $0.32 during trading on Friday, reaching $74.26. 2,586,631 shares of the company’s stock were exchanged, compared to its average volume of 4,007,894. 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 Corporation has a 52 week low of $51.35 and a 52 week high of $76.51. The firm has a market cap of $43,510.00, a P/E ratio of 22.20, a PEG ratio of 1.68 and a beta of 1.10.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be given a $0.15 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. Cognizant Technology Solutions Corporation’s dividend payout ratio is 18.58%.

In related news, EVP Allen Shaheen sold 2,358 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $70.20, for a total transaction of $165,531.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Rajeev Mehta sold 34,437 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $72.54, for a total value of $2,498,059.98. Following the sale, the president now directly owns 170,063 shares of the company’s stock, valued at $12,336,370.02. The disclosure for this sale can be found here. Insiders sold a total of 269,880 shares of company stock worth $19,423,948 over the last quarter. 1.08% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CTSH. FMR LLC increased its stake in Cognizant Technology Solutions Corporation by 81.6% during the 2nd quarter. FMR LLC now owns 25,065,752 shares of the information technology service provider’s stock worth $1,664,366,000 after purchasing an additional 11,262,360 shares in the last quarter. Comgest Global Investors S.A.S. increased its stake in Cognizant Technology Solutions Corporation by 57.7% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock worth $395,400,000 after purchasing an additional 2,178,800 shares in the last quarter. Yacktman Asset Management LP bought a new stake in Cognizant Technology Solutions Corporation during the 2nd quarter worth approximately $89,259,000. BT Investment Management Ltd bought a new stake in Cognizant Technology Solutions Corporation during the 2nd quarter worth approximately $83,134,000. Finally, FIL Ltd increased its stake in Cognizant Technology Solutions Corporation by 37.7% during the 2nd quarter. FIL Ltd now owns 3,718,791 shares of the information technology service provider’s stock worth $246,928,000 after purchasing an additional 1,017,981 shares in the last quarter. 87.42% of the stock is owned by institutional investors and hedge funds.

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About Cognizant Technology Solutions Corporation

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 Corporation (NASDAQ:CTSH)

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