Cognizant Technology Solutions Corp (NASDAQ:CTSH) is scheduled to be releasing its earnings data before the market opens on Monday, February 8th. Analysts expect Cognizant Technology Solutions Corp to post earnings of $0.78 per share for the quarter.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) last announced its earnings results on Wednesday, November 4th. The information technology service provider reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. During the same period in the previous year, the firm posted $0.66 EPS. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.16 billion. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, analysts expect Cognizant Technology Solutions Corp to post $3.04 EPS for the current fiscal year and $3.47 EPS for the next fiscal year.

A number of brokerages recently weighed in on CTSH. BMO Capital Markets restated an “outperform” rating and set a $74.00 target price on shares of Cognizant Technology Solutions Corp in a research report on Tuesday, January 5th. Barclays lowered their price objective on shares of Cognizant Technology Solutions Corp from $82.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 5th. Monness Crespi & Hardt increased their price objective on shares of Cognizant Technology Solutions Corp from $74.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Zacks Investment Research upgraded shares of Cognizant Technology Solutions Corp from a “sell” rating to a “hold” rating in a research report on Friday, January 15th. Finally, Cantor Fitzgerald began coverage on shares of Cognizant Technology Solutions Corp in a research report on Friday, October 16th. They set a “buy” rating and a $72.00 price objective for the company. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Cognizant Technology Solutions Corp currently has an average rating of “Buy” and a consensus price target of $73.19.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at 61.34 on Friday. The stock’s 50 day moving average is $59.60 and its 200-day moving average is $63.19. The company has a market cap of $37.30 billion and a price-to-earnings ratio of 24.05. Cognizant Technology Solutions Corp has a 52 week low of $53.33 and a 52 week high of $69.80.

In other news, VP Malcolm Frank sold 17,168 shares of the firm’s stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $62.22, for a total value of $1,068,192.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Gordon Coburn sold 18,879 shares of the firm’s stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of $62.27, for a total transaction of $1,175,595.33. Following the completion of the sale, the president now owns 91,343 shares in the company, valued at $5,687,928.61. The disclosure for this sale can be found here.

Cognizant Technology Solutions Corporation is a provider of information technology (NASDAQ:CTSH), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.

12 Month Chart for NASDAQ:CTSH

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