Cognizant Technology Solutions (CTSH) to Release Earnings on Wednesday

Cognizant Technology Solutions (NASDAQ:CTSH) is projected to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect Cognizant Technology Solutions to post earnings of $1.12 per share and revenue of $5.07 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Cognizant Technology Solutions Stock Up 0.4 %

Shares of NASDAQ CTSH opened at $82.90 on Tuesday. 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 firm’s 50-day moving average price is $79.16 and its 200-day moving average price is $77.29. The stock has a market capitalization of $41.10 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 2.21 and a beta of 1.07.

Wall Street Analyst Weigh In

CTSH has been the topic of several recent research reports. TD Cowen increased their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Barclays upgraded shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $95.00 in a report on Tuesday, December 17th. UBS Group upped their target price on Cognizant Technology Solutions from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday. Needham & Company LLC restated a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. Finally, StockNews.com downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Seventeen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $81.39.

Insiders Place Their Bets

In other news, CAO John Sunshin Kim sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total transaction of $400,550.00. Following the sale, the chief accounting officer now directly owns 39,022 shares of the company’s stock, valued at $3,126,052.42. This represents a 11.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

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.