Cognizant (NASDAQ:CTSH) updated its FY18 earnings guidance on Monday. The company provided EPS guidance of $4.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.55. The company issued revenue guidance of $16.05-16.30 billion, compared to the consensus revenue estimate of $16.23 billion.Cognizant also updated its Q2 guidance to $1.09 EPS.
A number of brokerages have weighed in on CTSH. Zacks Investment Research raised Cognizant from a hold rating to a buy rating and set a $82.00 price objective on the stock in a report on Wednesday, January 10th. BMO Capital Markets lifted their price objective on Cognizant from $78.00 to $86.00 and gave the company an outperform rating in a report on Thursday, February 8th. Pivotal Research set a $91.00 price objective on Cognizant and gave the company a buy rating in a report on Monday. ValuEngine lowered Cognizant from a buy rating to a hold rating in a report on Monday. Finally, BidaskClub raised Cognizant from a sell rating to a hold rating in a report on Friday, January 19th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and three have given a strong buy rating to the company. Cognizant has an average rating of Buy and an average target price of $84.34.
Shares of Cognizant stock opened at $77.86 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.21 and a quick ratio of 3.21. Cognizant has a 1 year low of $63.00 and a 1 year high of $85.10. The company has a market cap of $48.32 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.55 and a beta of 1.07.
Cognizant (NASDAQ:CTSH) last issued its quarterly earnings data on Monday, May 7th. The information technology service provider reported $1.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.06. Cognizant had a return on equity of 19.94% and a net margin of 10.15%. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. analysts forecast that Cognizant will post 4.22 EPS for the current fiscal year.
In related news, CFO Karen Mcloughlin sold 1,791 shares of Cognizant stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $83.76, for a total transaction of $150,014.16. Following the completion of the transaction, the chief financial officer now directly owns 42,718 shares in the company, valued at approximately $3,578,059.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Debashis Chatterjee sold 1,726 shares of Cognizant stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $79.00, for a total value of $136,354.00. Following the transaction, the insider now owns 39,253 shares of the company’s stock, valued at $3,100,987. The disclosure for this sale can be found here. Insiders have sold a total of 220,945 shares of company stock valued at $17,478,597 over the last 90 days. Insiders own 0.60% of the company’s stock.
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.
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