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

October 14, 2018 - By Vivian Park

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) LogoInvestors sentiment increased to 1.12 in Q2 2018. Its up 0.15, from 0.97 in 2018Q1. It increased, 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.
Cohen Lawrence B has 55,587 shares. Suncoast Equity Mgmt reported 242,854 shares. Fukoku Mutual Life Insur Company accumulated 3,400 shares or 0.04% of the stock. Blue Financial stated it has 0.11% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Royal Bankshares Of Canada owns 780,614 shares for 0.03% of their portfolio. Cim Investment Mangement owns 7,966 shares. M&R Management has invested 0.01% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Pictet Asset Ltd owns 441,955 shares. Commercial Bank Of America De accumulated 0.05% or 3.55M shares. Oregon Employees Retirement Fund reported 0.08% stake. Burney holds 47,736 shares or 0.22% of its portfolio. Great West Life Assurance Can has 1.07 million shares. Horizon Services Ltd Liability Company owns 61,632 shares for 2.42% of their portfolio. City Hldgs holds 0% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 73 shares. Credit Suisse Ag invested 0.11% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

Since June 4, 2018, it had 0 buys, and 30 selling transactions for $4.09 million activity. Friedrich Matthew W. sold $34,104 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Monday, September 17. Kandiah Gajakarnan Vibushanan had sold 664 shares worth $53,047 on Monday, June 18. 1,227 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares with value of $92,381 were sold by Shaheen Allen. $4,158 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by Lennox James Patrick. Shares for $795,252 were sold by Telesmanic Robert on Friday, June 15. $126,366 worth of stock was sold by Mackay Leo S. Jr. on Friday, June 15.

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 $609.24 million giving it 17.18 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. The stock increased 2.67% or $1.88 during the last trading session, reaching $72.17. About 3.83M shares traded or 21.59% up from the average. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 3.93% since October 14, 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. As per Tuesday, August 14, the company rating was downgraded by JP Morgan. On Tuesday, May 8 the stock rating was maintained by Credit Suisse with “Buy”. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, May 8. Bank of America downgraded Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Tuesday, September 4. Bank of America has “Underperform” rating and $81 target. The firm earned “Overweight” rating on Friday, August 3 by KeyBanc Capital Markets.

Cognizant Technology Solutions Corporation provides information technology , activities and technology consulting, infrastructure, and business process services worldwide. The company has market cap of $41.88 billion. The firm operates through four divisions: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. It has a 29.21 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 recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Seekingalpha.com which released: “Cognizant Technology: The AI Advantage” on September 23, 2018. Also Seekingalpha.com published the news titled: “Cognizant to acquire Advanced Technology Group” on September 18, 2018. Seekingalpha.com‘s news article titled: “Cognizant: Dieting Over” with publication date: September 20, 2018 was also an interesting one.

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

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