Cognizant Technology (NASDAQ:CTSH) CTSH: 53.79 +1.03 (1.95%), is reporting fourth quarter earnings results on Wednesday 8th February 2017, before the bell. This insider holds 384,048 shares with a market value around $20262372.48 as of recent close. Cognizant Technology Solutions Corporation's (CTSH) is a part of Technology sector and belongs to Business Software & Services industry.
The company is expected to report earnings of -0.51 per share for the current quarter, according to consensus agreement of 5 analysts.
Relative strength index (RSI-14) for Cognizant Technology Solutions Corporation's (CTSH) is at 41.89.
Cognizant Technology Solutions Corporation has a consensus outperform rating from 36 Wall Street analysts, and the number of shares now sold short amount to at least 1.28% of shares outstanding. That is compared with the $0.80 in EPS it reported during the same period a year ago.
For the full year, analysts predict revenues of $ 13.51 billion, while looking forward to income of $ 3.35 per share.
Several equities analysts recently issued reports on the company. During its last trading session, Stock traded with the total exchanged volume of 20.66 million shares. Vetr upgraded Cognizant Technology Solutions Corporation from a "buy" rating to a "strong-buy" rating and set a $61.94 price target on the stock in a research note on Thursday, December 1st.
Facing pressure from an activist investor, Cognizant Technology Solutions agreed to appoint three new independent directors to the board and launch an aggressive effort to return cash to investors. The mean PT for this stock is at $19.90 while the max. level suggested by the brokerage firms is $22.00 and min. PT is $16.00. Cognizant Technology Solutions Corporation has a 12-month low of $45.44 and a 12-month high of $63.23.
According to Yahoo Finance, the price target for the company which analysts are aiming is 75.
The company has in the past also used the share buyback platform. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Ingersoll-Rand Plc (NYSE:IR) [Trend Analysis] runs in leading trade, it surging 0.29% to traded at $80.08.
ATR value of company was 1.33. The disclosure for this sale can be found here. The Insider Ownership of the company now is 0.3 percent, and Institutional Ownership is 88.7 percent.
Institutional investors have recently made changes to their positions in the stock.
The stock showed weekly upbeat performance of -2.63%, which maintained for the month at 7.26%. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has a Return on Assets of 11.90%. Cognizant Technology Solutions Corp (NASDAQ:CTSH)'s price to free cash flow for trailing twelve months is 24.01. Expect increased sales in the current quarter as well. The average numbers of shares are traded in a security per day, during the recent 3-month period. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company. The firm has a 50-day moving average price of $55.93 and a 200 day moving average price of $55.04. The company has a market cap of $34.23 billion, a PE ratio of 22.037 and a beta of 1.28. Analysts are estimating that Cognizant Technology Solutions Corporation (CTSH) to hit $63.69 Price Target in next one year, this mean price is come up through the consensus of analysts.