Cognizant Technology Solutions Corp. (NASDAQ:CTSH) – Investment analysts at Credit Agricole SA cut their Q4 2016 earnings estimates for shares of Cognizant Technology Solutions Corp. in a research report issued on Monday. Credit Agricole SA analyst L. Miscioscia now anticipates that the brokerage will post earnings of $0.80 per share for the quarter, down from their prior forecast of $0.81. Credit Agricole SA has a “Underperform” rating and a $60.00 price objective on the stock. Credit Agricole SA also issued estimates for Cognizant Technology Solutions Corp.’s Q1 2017 earnings at $0.77 EPS, Q2 2017 earnings at $0.82 EPS, Q3 2017 earnings at $0.84 EPS and Q4 2017 earnings at $0.85 EPS.

CTSH has been the subject of a number of other reports. Zacks Investment Research upgraded Cognizant Technology Solutions Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 15th. Cantor Fitzgerald restated a “buy” rating and set a $68.00 price objective on shares of Cognizant Technology Solutions Corp. in a report on Tuesday. Deutsche Bank AG restated a “buy” rating and set a $69.00 price objective on shares of Cognizant Technology Solutions Corp. in a report on Friday, October 21st. Citigroup Inc. dropped their price objective 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. Finally, Societe Generale started coverage on Cognizant Technology Solutions Corp. in a report on Monday, September 26th. They issued a “buy” rating and a $68.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company. Cognizant Technology Solutions Corp. presently has a consensus rating of “Buy” and a consensus target price of $64.93.

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

Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) opened at 53.95 on Thursday. Cognizant Technology Solutions Corp. has a 52-week low of $45.44 and a 52-week high of $66.28. The firm has a market cap of $32.74 billion, a PE ratio of 21.75 and a beta of 1.34. The stock’s 50 day moving average price is $51.64 and its 200-day moving average price is $56.86.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last announced its quarterly earnings results on Monday, November 7th. The information technology service provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. The company earned $3.45 billion during the quarter, compared to the consensus estimate of $3.46 billion. Cognizant Technology Solutions Corp. had a return on equity of 19.42% and a net margin of 11.78%. Cognizant Technology Solutions Corp.’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Cognizant Technology Solutions Corp. by 140.5% in the first quarter. Royal Bank of Canada now owns 1,983,749 shares of the information technology service provider’s stock worth $124,382,000 after buying an additional 1,158,887 shares in the last quarter. Schroder Investment Management Group raised its position in Cognizant Technology Solutions Corp. by 15.6% in the second quarter. Schroder Investment Management Group now owns 4,193,480 shares of the information technology service provider’s stock worth $240,034,000 after buying an additional 564,958 shares in the last quarter. Saratoga Research & Investment Management raised its position in Cognizant Technology Solutions Corp. by 10.8% in the second quarter. Saratoga Research & Investment Management now owns 455,167 shares of the information technology service provider’s stock worth $26,054,000 after buying an additional 44,205 shares in the last quarter. Provident Trust Co. raised its position in Cognizant Technology Solutions Corp. by 2.1% in the second quarter. Provident Trust Co. now owns 4,087,880 shares of the information technology service provider’s stock worth $233,990,000 after buying an additional 82,520 shares in the last quarter. Finally, USS Investment Management Ltd raised its position in Cognizant Technology Solutions Corp. by 3.6% in the second quarter. USS Investment Management Ltd now owns 2,415,000 shares of the information technology service provider’s stock worth $138,223,000 after buying an additional 85,000 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

In related news, CFO Karen Mcloughlin sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $51.27, for a total transaction of $512,700.00. Following the transaction, the chief financial officer now owns 52,614 shares in the company, valued at $2,697,519.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Malcolm Frank sold 1,248 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $58.50, for a total transaction of $73,008.00. Following the transaction, the vice president now owns 3,945 shares in the company, valued at approximately $230,782.50. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

About Cognizant Technology Solutions Corp.

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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