Cognizant Technology Solutions Corp. (NASDAQ:CTSH) – Analysts at Jefferies Group lowered their FY2017 EPS estimates for Cognizant Technology Solutions Corp. in a note issued to investors on Friday. Jefferies Group analyst J. Kupferberg now anticipates that the brokerage will earn $3.18 per share for the year, down from their prior estimate of $3.27. Jefferies Group currently has a “Buy” rating and a $63.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. Barclays PLC restated a “buy” rating on shares of Cognizant Technology Solutions Corp. in a report on Saturday, July 9th. Nomura cut Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $65.00 to $62.00 in a report on Monday, August 8th. Needham & Company LLC decreased their price target on Cognizant Technology Solutions Corp. from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, August 8th. Cantor Fitzgerald set a $68.00 price target on Cognizant Technology Solutions Corp. and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Citigroup Inc. decreased their price target on Cognizant Technology Solutions Corp. from $71.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $65.52.

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

Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 0.18% during trading on Monday, hitting $49.98. 3,698,703 shares of the stock were exchanged. The stock has a market cap of $30.33 billion, a PE ratio of 20.15 and a beta of 1.43. The stock’s 50 day moving average price is $54.56 and its 200 day moving average price is $58.33. Cognizant Technology Solutions Corp. has a one year low of $45.44 and a one year high of $69.80.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last announced its earnings results on Friday, August 5th. The information technology service provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.37 billion. Cognizant Technology Solutions Corp. had a net margin of 11.65% and a return on equity of 19.31%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share.

Large investors have recently made changes to their positions in the company. Albion Financial Group UT increased its stake in shares of Cognizant Technology Solutions Corp. by 0.4% in the second quarter. Albion Financial Group UT now owns 6,830 shares of the information technology service provider’s stock valued at $391,000 after buying an additional 25 shares in the last quarter. Gradient Investments LLC increased its stake in shares of Cognizant Technology Solutions Corp. by 0.6% in the third quarter. Gradient Investments LLC now owns 5,385 shares of the information technology service provider’s stock valued at $257,000 after buying an additional 34 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Cognizant Technology Solutions Corp. by 0.3% in the second quarter. LS Investment Advisors LLC now owns 13,412 shares of the information technology service provider’s stock valued at $768,000 after buying an additional 46 shares in the last quarter. Commerce Bank increased its stake in shares of Cognizant Technology Solutions Corp. by 1.5% in the second quarter. Commerce Bank now owns 3,971 shares of the information technology service provider’s stock valued at $227,000 after buying an additional 57 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of Cognizant Technology Solutions Corp. by 0.4% in the second quarter. Wedbush Securities Inc. now owns 18,283 shares of the information technology service provider’s stock valued at $1,047,000 after buying an additional 75 shares in the last quarter. 87.00% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Karen Mcloughlin sold 20,000 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $60.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief financial officer now directly owns 60,741 shares of the company’s stock, valued at approximately $3,644,460. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Francisco Dsouza sold 300,000 shares of the stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $58.32, for a total value of $17,496,000.00. Following the completion of the sale, the chief executive officer now directly owns 422,602 shares of the company’s stock, valued at $24,646,148.64. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Cognizant Technology Solutions Corp. Company Profile

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology.

5 Day Chart for NASDAQ:CTSH

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