Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Analyst Estimates

Sell-side analyst recommendations point to a short term price target of $17.54 on the shares of Square, Inc. Wall Street is only getting more bullish on the stock, with 21 of analysts who cover CTSH having a buy-equivalent rating. Cantor Fitzgerald restated a "buy" rating and set a $68.00 target price on shares of Cognizant Technology Solutions Corp in a research report on Tuesday, November 8th. The information technology service provider reported $0.87 EPS for the quarter, topping the Zacks' consensus estimate of $0.86 by $0.01. Its EVP Corporate Development Shaheen Allen sold 2,305 company shares for 137980, in a transaction on 2017-03-03. Finally, Associated Banc Corp increased its stake in Cognizant Technology Solutions Corp by 25.1% in the second quarter.

The earnings of KeyCorp (KEY) are forecasted by the analysts to move at $0.28 in current quarter, from $0.24 a year-ago quarter. Its revenue totaled $3.49 billion up 0.96% from the previous quarter. Over the last five days, shares have managed 0.64% gains and now is up 6.17% since hitting its 200-day moving average of $55.09.

Many research firms have provided their ratings on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) where Morgan Stanley provided Equal-Weight rating on the stock on 31-Jan-17.

A number of analysts offered their Estimated Earnings analysis for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for the current quarter. The company reported its last quarter on Dec 16. Caldera Capital LLC purchased a new stake in Cognizant Technology Solutions Corp during the fourth quarter valued at $1,288,000.

Research analysts covering Cognizant Technology Solutions Corporation (NASDAQ:CTSH) are projecting that the shares reach $64.714 within the next 12-18 months. The median one-year price target of 29 analysts covering the company is $67.00, which suggests the stock could still rise over 12 percent. You can get a sense of how sustainable that is by a levered free cash flow of $1.32 Billion over the past twelve months.

As for as concerns shares volumes, in share of capital Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has 609.64 million outstanding shares among them 598.83 million shares have been floated in market exchange. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.76 to $0.86. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $65.00 on company shares. Also, the Hold rating count is 9 as of 03/06/17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. Cognizant Technology Solutions Corporation had a return on equity of 19.42% and a net margin of 11.78%. Oppenheimer Holdings, Inc. reaffirmed an "outperform" rating and set a $60.00 target price (down from $68.00) on shares of Cognizant Technology Solutions Corp in a research report on Thursday, February 9th. The company's revenue for the quarter was up 8.4% compared to the same quarter past year.

Several research firms recently weighed in on CTSH. Auxier Asset Management acquired a new position in shares of Cognizant Technology Solutions Corporation during the third quarter worth $618,000. Also, insider Gajakarnan Vibushanan Kandiah sold 20,000 shares of the firm's stock in a transaction dated Monday, December 12th. Institutional investors and hedge funds own 83.48% of the company's stock. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report. The disclosure for this sale can be found here. Edgewood Management LLC now owns 14,149,600 shares of the information technology service provider's stock valued at $792,802,000 after buying an additional 2,860,888 shares in the last quarter. That puts the market capitalization at $6.23 bln.

Beta factor of the stock stands at 0.76.

  • Zachary Reyes