2 weeks Ago By ABMN Staff
Cognizant Technology Solutions Co. ( NASDAQ:CTSH – Free Report ) – Analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for shares of Cognizant Technology Solutions in a note issued to investors on Wednesday, October 30th. William Blair analyst M.
Nolan now expects that the information technology service provider will post earnings of $4.64 per share for the year, up from their prior estimate of $4.60.
The consensus estimate for Cognizant Technology Solutions’ current full-year earnings is $4.66 per share. A number of other brokerages have also recently commented on CTSH.
Mizuho upped their target price on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, November 1st.
Barclays upped their price objective on Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd.
Deutsche Bank Aktiengesellschaft raised their target price on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd.
Royal Bank of Canada boosted their price target on Cognizant Technology Solutions from $81.00 to $82.00 and gave the company a “sector perform” rating in a report on Wednesday, August 28th.
Finally, JPMorgan Chase & Co. raised their price objective on Cognizant Technology Solutions from $82.00 to $89.
00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.
com, the stock presently has an average rating of “Hold” and an average target price of $78.37. Cognizant Technology Solutions Trading Up 0.
7 % Shares of NASDAQ:CTSH opened at $75.39 on Monday. The stock’s 50-day simple moving average is $76.
28 and its two-hundred day simple moving average is $72.16. Cognizant Technology Solutions has a 52-week low of $63.
79 and a 52-week high of $80.27. The company has a debt-to-equity ratio of 0.
08, a quick ratio of 2.23 and a current ratio of 2.23.
The stock has a market capitalization of $37.37 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 2.
06 and a beta of 1.05. Cognizant Technology Solutions ( NASDAQ:CTSH – Get Free Report ) last released its quarterly earnings data on Wednesday, October 30th.
The information technology service provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.
10. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.
99 billion. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.
08%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis.
During the same period in the previous year, the company earned $1.16 earnings per share. Institutional Trading of Cognizant Technology Solutions Large investors have recently added to or reduced their stakes in the company.
1620 Investment Advisors Inc. purchased a new stake in Cognizant Technology Solutions during the second quarter valued at $25,000. Addison Advisors LLC increased its holdings in shares of Cognizant Technology Solutions by 127.
7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after buying an additional 189 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at about $28,000.
Ashton Thomas Securities LLC purchased a new stake in Cognizant Technology Solutions during the third quarter valued at approximately $30,000. Finally, Pinnacle Bancorp Inc. lifted its position in Cognizant Technology Solutions by 47.
4% in the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock worth $35,000 after buying an additional 146 shares during the last quarter.
Institutional investors own 92.44% of the company’s stock. Cognizant Technology Solutions Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th.
Investors of record on Tuesday, November 19th will be paid a dividend of $0.30 per share. This represents a $1.
20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, November 19th.
Cognizant Technology Solutions’s payout ratio is presently 26.55%. About Cognizant Technology Solutions ( Get Free Report ) Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally.
It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. Recommended Stories Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter .
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