Analysts See $1.05 EPS for Cognizant Technology Solutions Corporation (CTSH)

October 11, 2018 - By Hugh Holland

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) LogoInvestors sentiment increased to 1.12 in 2018 Q2. Its up 0.15, from 0.97 in 2018Q1. It improved, as 70 investors sold Cognizant Technology Solutions Corporation shares while 277 reduced holdings. 74 funds opened positions while 313 raised stakes. 484.73 million shares or 1.32% less from 491.22 million shares in 2018Q1 were reported.
Comgest Sas, France-based fund reported 10.05 million shares. Cambridge Rech Advisors holds 0.05% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 64,938 shares. Tower Bridge holds 0% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 176,961 shares. Bnp Paribas Asset Mgmt Holdg Sa reported 759,962 shares. Brown Advisory Securities Ltd Liability Corporation holds 0.18% or 12,933 shares in its portfolio. Aurora Inv Counsel stated it has 0.6% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Fulton National Bank & Trust Na has invested 0.16% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Ibm Retirement Fund, a New York-based fund reported 11,214 shares. Fjarde Ap holds 0.2% or 164,989 shares. Gamco Investors Incorporated Et Al reported 11,595 shares or 0.01% of all its holdings. Mutual Of America Mngmt Ltd Liability holds 117,194 shares or 0.14% of its portfolio. New Mexico Educational Retirement Board invested in 54,178 shares. Adell Harriman Carpenter holds 8,525 shares or 0% of its portfolio. Rosenbaum Jay D invested in 20,170 shares. Advisory Services Ltd Llc holds 0.04% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 6,152 shares.

Since June 4, 2018, it had 0 insider buys, and 30 sales for $4.09 million activity. Frank Malcolm had sold 859 shares worth $64,601. Another trade for 10,000 shares valued at $795,252 was sold by Telesmanic Robert. Another trade for 1,386 shares valued at $106,542 was sold by McLoughlin Karen. $216,562 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Friedrich Matthew W. on Wednesday, September 5. Shaheen Allen had sold 1,227 shares worth $92,381 on Wednesday, September 5. Middleton Sean also sold $185,257 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares.

Analysts expect Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report $1.05 EPS on November, 7.They anticipate $0.12 EPS change or 12.90 % from last quarter’s $0.93 EPS. CTSH’s profit would be $609.25 million giving it 17.01 P/E if the $1.05 EPS is correct. After having $1.10 EPS previously, Cognizant Technology Solutions Corporation’s analysts see -4.55 % EPS growth. It closed at $71.44 lastly. It is down 3.93% since October 11, 2017 and is uptrending. It has underperformed by 11.69% the S&P500.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Ratings Coverage

Among 5 analysts covering Cognizant Tech Solns (NASDAQ:CTSH), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Cognizant Tech Solns had 5 analyst reports since May 8, 2018 according to SRatingsIntel. JP Morgan downgraded the shares of CTSH in report on Tuesday, August 14 to “Neutral” rating. The rating was downgraded by Bank of America to “Underperform” on Tuesday, September 4. The stock has “Buy” rating by Credit Suisse on Tuesday, May 8. The firm has “Overweight” rating given on Friday, August 3 by KeyBanc Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, May 8.

Cognizant Technology Solutions Corporation provides information technology , activities and technology consulting, infrastructure, and business process services worldwide. The company has market cap of $41.45 billion. The firm operates through four divisions: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. It has a 28.91 P/E ratio. The Company’s consulting and technology services include strategy consulting, business and activities consulting, technology strategy and change management, and program management consulting services; application design and development; systems integration; and application testing, consulting, and engineering services, as well as enterprise information management services.

More notable recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Gurufocus.com which released: “Cognizant Schedules Third Quarter 2018 Earnings Release and Conference Call” on October 11, 2018, also Seekingalpha.com with their article: “Cognizant to acquire Advanced Technology Group” published on September 18, 2018, Seekingalpha.com published: “Cognizant Technology: The AI Advantage” on September 23, 2018. More interesting news about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) were released by: Seekingalpha.com and their article: “Cognizant: Dieting Over” published on September 20, 2018 as well as Nasdaq.com‘s news article titled: “With Flannery Out, Is General Electric Stock a Winner?” with publication date: October 01, 2018.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Institutional Positions Chart

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