Cognizant Technology Solutions (CTSH) Projected to Post Quarterly Earnings on Wednesday

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $5.07 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.15 by $0.10. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.99 billion. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 earnings per share. On average, analysts expect Cognizant Technology Solutions to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock traded up $0.23 during midday trading on Wednesday, hitting $81.19. The stock had a trading volume of 1,661,454 shares, compared to its average volume of 2,601,602. Cognizant Technology Solutions has a 52-week low of $63.79 and a 52-week high of $82.46. The company has a market capitalization of $40.26 billion, a PE ratio of 17.96, a P/E/G ratio of 2.06 and a beta of 1.07. The firm's fifty day moving average is $78.94 and its two-hundred day moving average is $77.11. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08.

Wall Street Analyst Weigh In

Several analysts have recently commented on CTSH shares. Barclays upgraded shares of Cognizant Technology Solutions from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $80.00 to $95.00 in a research report on Tuesday, December 17th. StockNews.com downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Robert W. Baird increased their target price on Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. TD Cowen boosted their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. Fifteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of "Hold" and an average price target of $81.19.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the sale, the chief accounting officer now directly owns 39,022 shares of the company's stock, valued at $3,126,052.42. This represents a 11.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company's stock.

About Cognizant Technology Solutions

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.