Cognizant Know-how Options Co. (NASDAQ:CTSH – Get Score) – Inventory analysts at Wedbush boosted their Q3 2022 earnings estimates for shares of Cognizant Know-how Options in a analysis be aware issued on Wednesday, July twenty seventh. Wedbush analyst M. Katri now anticipates that the knowledge know-how service supplier will earn $1.17 per share for the quarter, up from their prior forecast of $1.15. The consensus estimate for Cognizant Know-how Options’ present full-year earnings is $4.50 per share. Wedbush additionally issued estimates for Cognizant Know-how Options’ This autumn 2022 earnings at $1.22 EPS, FY2022 earnings at $4.60 EPS and FY2023 earnings at $5.13 EPS.
Quite a lot of different analysis companies have additionally just lately commented on CTSH. Citigroup decreased their goal worth on shares of Cognizant Know-how Options from $88.00 to $77.00 in a analysis report on Thursday. Royal Financial institution of Canada reissued a “maintains” ranking on shares of Cognizant Know-how Options in a analysis report on Thursday. Morgan Stanley decreased their goal worth on shares of Cognizant Know-how Options from $75.00 to $65.00 and set an “equal weight” ranking for the corporate in a analysis report on Thursday. StockNews.com minimize shares of Cognizant Know-how Options from a “strong-buy” ranking to a “purchase” ranking in a report on Wednesday, Might eleventh. Lastly, Susquehanna Bancshares decreased their worth goal on shares of Cognizant Know-how Options from $100.00 to $98.00 in a report on Thursday. One analysis analyst has rated the inventory with a promote ranking, six have assigned a maintain ranking and two have issued a purchase ranking to the corporate’s inventory. In keeping with information from MarketBeat, Cognizant Know-how Options has a median ranking of “Maintain” and a median worth goal of $84.79.
Cognizant Know-how Options Value Efficiency
NASDAQ CTSH opened at $67.96 on Monday. The corporate has a debt-to-equity ratio of 0.05, a fast ratio of two.22 and a present ratio of two.22. The agency’s 50 day shifting common worth is $69.18 and its 200-day shifting common worth is $79.57. Cognizant Know-how Options has a 52-week low of $63.26 and a 52-week excessive of $93.47. The corporate has a market cap of $35.42 billion, a PE ratio of 16.30, a P/E/G ratio of 1.37 and a beta of 1.10.
Cognizant Know-how Options (NASDAQ:CTSH – Get Score) final launched its quarterly earnings information on Wednesday, July twenty seventh. The data know-how service supplier reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Cognizant Know-how Options had a web margin of 11.59% and a return on fairness of 19.07%. The agency had income of $4.91 billion for the quarter, in comparison with the consensus estimate of $4.92 billion. Throughout the identical interval final 12 months, the agency earned $0.99 earnings per share. The corporate’s quarterly income was up 7.0% on a year-over-year foundation.
Institutional Buyers Weigh In On Cognizant Know-how Options
Institutional traders and hedge funds have just lately made adjustments to their positions within the inventory. Norges Financial institution acquired a brand new place in shares of Cognizant Know-how Options within the fourth quarter valued at roughly $465,540,000. Wellington Administration Group LLP grew its holdings in shares of Cognizant Know-how Options by 40.6% within the first quarter. Wellington Administration Group LLP now owns 12,251,722 shares of the knowledge know-how service supplier’s inventory valued at $1,098,612,000 after buying an extra 3,537,761 shares within the final quarter. First Belief Advisors LP grew its holdings in shares of Cognizant Know-how Options by 50.0% within the fourth quarter. First Belief Advisors LP now owns 5,934,516 shares of the knowledge know-how service supplier’s inventory valued at $526,510,000 after buying an extra 1,979,276 shares within the final quarter. Boston Companions grew its holdings in shares of Cognizant Know-how Options by 26.6% within the fourth quarter. Boston Companions now owns 6,685,153 shares of the knowledge know-how service supplier’s inventory valued at $593,070,000 after buying an extra 1,405,697 shares within the final quarter. Lastly, Invesco Ltd. grew its holdings in Cognizant Know-how Options by 7.2% through the 4th quarter. Invesco Ltd. now owns 17,072,441 shares of the knowledge know-how service supplier’s inventory price $1,514,667,000 after buying an extra 1,139,513 shares within the final quarter. 90.73% of the inventory is owned by hedge funds and different institutional traders.
Insider Shopping for and Promoting
In associated information, Director Michael Patsalos-Fox offered 5,687 shares of the enterprise’s inventory in a transaction dated Tuesday, Might seventeenth. The shares have been offered at a median worth of $74.40, for a complete transaction of $423,112.80. Following the transaction, the director now immediately owns 57,534 shares within the firm, valued at $4,280,529.60. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is accessible by this hyperlink. In different Cognizant Know-how Options information, EVP Andrew J. Stafford offered 5,867 shares of Cognizant Know-how Options inventory in a transaction dated Tuesday, Might tenth. The shares have been offered at a median worth of $77.24, for a complete transaction of $453,167.08. Following the transaction, the manager vice chairman now immediately owns 5,872 shares of the corporate’s inventory, valued at $453,553.28. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is offered by the SEC web site. Additionally, Director Michael Patsalos-Fox offered 5,687 shares of Cognizant Know-how Options inventory in a transaction dated Tuesday, Might seventeenth. The inventory was offered at a median worth of $74.40, for a complete transaction of $423,112.80. Following the transaction, the director now immediately owns 57,534 shares within the firm, valued at $4,280,529.60. The disclosure for this sale could be discovered right here. 0.34% of the inventory is at the moment owned by firm insiders.
Cognizant Know-how Options Declares Dividend
The agency additionally just lately declared a quarterly dividend, which shall be paid on Tuesday, August thirtieth. Buyers of report on Friday, August nineteenth shall be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $1.08 dividend on an annualized foundation and a yield of 1.59%. Cognizant Know-how Options’s payout ratio is presently 25.90%.
Cognizant Know-how Options Firm Profile
Cognizant Know-how Options Company, an expert companies firm, gives consulting and know-how, and outsourcing companies in North America, Europe, and internationally. It operates by 4 segments: Monetary Companies; Healthcare; Merchandise and Assets; and Communications, Media and Know-how.
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