The analysts offering Earnings Estimates for the company were believing that Cognizant Technology Solutions Corporation (CTSH) could bring EPS of $0.86/share. Bessemer Group Inc. now owns 2,707,471 shares of the information technology service provider's stock worth $151,699,000 after buying an additional 518,778 shares during the period.
Cognizant Technology Solutions Corporation (CTSH) is now showing its ROA (Return on Assets) of 11.5%. Needham & Company LLC dropped their price objective on Cognizant Technology Solutions Corporation from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Monday, November 7th. Norges Bank purchased a new position in Cognizant Technology Solutions Corp during the fourth quarter valued at $318,007,000. BTC Capital Management Inc. increased its stake in Cognizant Technology Solutions Corp by 3.6% in the third quarter. The stock established a negative trend of -0.86% in last week and indicated fall of -2.71% in previous month.
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. Hedge funds and other institutional investors own 85.63% of the company's stock.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH), from Technology sector has been performing well. Shares are trading -1.29% below their 50-day moving average, and 2.99% below their 200-day moving average. The firm has a market capitalization of $35.22 billion, a P/E ratio of 22.69 and a beta of 1.28. Cognizant Technology Solutions Corp has a 12 month low of $45.44 and a 12 month high of $63.23. The Relative Volume value measured for Cognizant Technology Solutions Corporation (CTSH) is 1.05. The information technology service provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. Cognizant Technology Solutions Corp had a net margin of 11.52% and a return on equity of 18.83%. The company moved in the past week with shift of 2.38%.
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In the trailing 12 months period, return on assets ratio of the Company was 11.50% and return on equity ratio was 15.30% while its return on investment ratio was 12.80%. Equities analysts expect that Cognizant Technology Solutions Corp will post $3.65 earnings per share for the current year. Cognizant Technology Solutions Corp also was the target of some unusual options trading activity on Tuesday. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and global copyright and trademark law. The original version of this piece can be viewed at https://baseballnewssource.com/markets/cognizant-technology-solutions-corp-ctsh-shares-sold-by-capstone-asset-management-co/622415.html.
03/29/2017 - Berenberg Bank began new coverage on Cognizant Technology Solutions Corporation giving the company a "hold" rating. Wedbush raised Cognizant Technology Solutions Corp from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $65.00 to $70.00 in a report on Friday, January 6th. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company now has an average rating of "Buy" and a consensus price target of $62.47. Following the completion of the transaction, the chief financial officer now directly owns 35,741 shares of the company's stock, valued at approximately $2,101,570.80.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The shares were sold at an average price of $59.21, for a total value of $547,278.03. EPS breaks down the profitability of the company on a single share basis. The disclosure for this sale can be found here. Overall, 5.15 Million shares exchanged hands versus its average trading volume of 5.1 Million shares. Built on Cognizant's Onvida software as-a-service (SaaS) platform, the system combines customizable software with 24/7 phone and online access to clinical specialists, providing integrated care coordination between medical providers, as well as personalized communication between patients and their care teams.
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