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

Cognizant Technology Solutions (NASDAQ:CTSH) 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Cognizant Technology Solutions Stock Up 0.4 %

Shares of Cognizant Technology Solutions stock opened at $82.90 on Tuesday. The company’s fifty day simple moving average is $79.16 and its two-hundred day simple moving average is $77.29. Cognizant Technology Solutions has a 12-month low of $63.79 and a 12-month high of $83.47. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. The company has a market cap of $41.10 billion, a P/E ratio of 18.34, a PEG ratio of 2.21 and a beta of 1.07.

Insiders Place Their Bets

In related news, CAO John Sunshin Kim sold 5,000 shares of Cognizant Technology Solutions stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total transaction of $400,550.00. Following the transaction, the chief accounting officer now directly owns 39,022 shares in the company, valued at approximately $3,126,052.42. The trade was a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CTSH. Barclays upgraded Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $80.00 to $95.00 in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft upped their price target 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 31st. UBS Group lifted their price target on shares of Cognizant Technology Solutions from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Mizuho upped their price objective on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Seventeen research 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 has an average rating of “Hold” and a consensus target price of $81.39.

Cognizant Technology Solutions Company Profile

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.