What is William Blair's Estimate for CTSH Q4 Earnings?

Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) - Stock analysts at William Blair cut their Q4 2024 earnings per share (EPS) estimates for shares of Cognizant Technology Solutions in a report released on Wednesday, October 30th. William Blair analyst M. Nolan now expects that the information technology service provider will post earnings per share of $1.10 for the quarter, down from their prior forecast of $1.17. The consensus estimate for Cognizant Technology Solutions' current full-year earnings is $4.62 per share. William Blair also issued estimates for Cognizant Technology Solutions' Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.26 EPS, FY2025 earnings at $5.00 EPS and FY2026 earnings at $5.34 EPS.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.11. 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 net margin of 11.60% and a return on equity of 17.37%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share.

CTSH has been the topic of several other research reports. JPMorgan Chase & Co. increased their price target on shares of Cognizant Technology Solutions from $82.00 to $89.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. StockNews.com downgraded shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Thursday. The Goldman Sachs Group reiterated a "neutral" rating and set a $76.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft upped their target price on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Finally, TD Cowen lifted their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a "hold" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $77.70.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH traded up $0.02 during mid-day trading on Friday, hitting $74.61. The stock had a trading volume of 4,101,130 shares, compared to its average volume of 3,827,082. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.46. The company has a 50 day moving average of $76.40 and a two-hundred day moving average of $71.94. The firm has a market cap of $36.98 billion, a PE ratio of 16.44, a PEG ratio of 2.09 and a beta of 1.05. Cognizant Technology Solutions has a twelve month low of $62.14 and a twelve month high of $80.27.

Cognizant Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 1.61%. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 26.55%.

Insider Transactions at Cognizant Technology Solutions

In related news, CEO Ravi Kumar Singisetti sold 6,728 shares of Cognizant Technology Solutions stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $73.66, for a total transaction of $495,584.48. Following the transaction, the chief executive officer now owns 46,427 shares in the company, valued at approximately $3,419,812.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.26% of the company's stock.

Institutional Trading of Cognizant Technology Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new stake in Cognizant Technology Solutions in the second quarter valued at $25,000. LRI Investments LLC purchased a new stake in Cognizant Technology Solutions in the 1st quarter valued at about $28,000. 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 valued at $35,000 after buying an additional 146 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Cognizant Technology Solutions by 42.1% during the second quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider's stock worth $36,000 after buying an additional 158 shares during the period. Finally, Eastern Bank purchased a new stake in shares of Cognizant Technology Solutions in the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 92.44% 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.