FY2022 Earnings Estimate for Cognizant Technology Solutions Co. (NASDAQ:CTSH) Issued By William Blair

Cognizant Technology Solutions Co. (NASDAQ:CTSHGet Rating) – Equities research analysts at William Blair boosted their FY2022 earnings per share estimates for shares of Cognizant Technology Solutions in a report released on Thursday, July 28th. William Blair analyst M. Nolan now forecasts that the information technology service provider will earn $4.53 per share for the year, up from their previous estimate of $4.51. The consensus estimate for Cognizant Technology Solutions’ current full-year earnings is $4.50 per share.

A number of other research analysts have also issued reports on CTSH. UBS Group decreased their target price on Cognizant Technology Solutions from $89.00 to $76.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley decreased their target price on Cognizant Technology Solutions from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday. BMO Capital Markets reiterated a “maintains” rating on shares of Cognizant Technology Solutions in a research report on Tuesday, July 26th. JPMorgan Chase & Co. lowered Cognizant Technology Solutions from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $82.00 to $77.00 in a research report on Thursday. Finally, Susquehanna decreased their target price on Cognizant Technology Solutions from $100.00 to $98.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $84.79.

Cognizant Technology Solutions Trading Up 1.7 %

Cognizant Technology Solutions stock opened at $67.96 on Monday. Cognizant Technology Solutions has a 12 month low of $63.26 and a 12 month high of $93.47. The firm has a market cap of $35.42 billion, a PE ratio of 16.30, a P/E/G ratio of 1.37 and a beta of 1.10. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.05. The stock’s 50 day simple moving average is $69.18 and its two-hundred day simple moving average is $79.57.

Cognizant Technology Solutions (NASDAQ:CTSHGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The information technology service provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. Cognizant Technology Solutions had a return on equity of 19.07% and a net margin of 11.59%. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year.

Institutional Trading of Cognizant Technology Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of CTSH. MV Capital Management Inc. grew its position in Cognizant Technology Solutions by 94.8% in the 4th quarter. MV Capital Management Inc. now owns 302 shares of the information technology service provider’s stock valued at $27,000 after acquiring an additional 147 shares in the last quarter. Cornerstone Advisory LLC acquired a new position in Cognizant Technology Solutions in the 4th quarter valued at about $27,000. Hardy Reed LLC acquired a new position in Cognizant Technology Solutions in the 1st quarter valued at about $27,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Cognizant Technology Solutions by 1,433.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 460 shares of the information technology service provider’s stock valued at $41,000 after acquiring an additional 430 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its position in Cognizant Technology Solutions by 44.4% in the 1st quarter. AdvisorNet Financial Inc now owns 478 shares of the information technology service provider’s stock valued at $43,000 after acquiring an additional 147 shares in the last quarter. 90.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cognizant Technology Solutions news, EVP Andrew J. Stafford sold 5,867 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $77.24, for a total value of $453,167.08. Following the completion of the sale, the executive vice president now directly owns 5,872 shares of the company’s stock, valued at approximately $453,553.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Michael Patsalos-Fox sold 5,687 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $74.40, for a total transaction of $423,112.80. Following the completion of the sale, the director now directly owns 57,534 shares of the company’s stock, valued at approximately $4,280,529.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew J. Stafford sold 5,867 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $77.24, for a total value of $453,167.08. Following the sale, the executive vice president now directly owns 5,872 shares of the company’s stock, valued at $453,553.28. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Friday, August 19th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 25.90%.

Cognizant Technology Solutions Company Profile

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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; Healthcare; Products and Resources; and Communications, Media and Technology.

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

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