Economy

Analyst's Predictions on Cognizant Technology Solutions Corporation (CTSH), Centennial Resource Development, Inc

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) reported its EPS in the last quarter as $0.93/Share beating the analyst estimate of $0.91/Share by a difference of $0.02. The stock traded within a range of $70.53 and $75.00.

Analysts await Cognizant Technology Solutions Corp (NASDAQ:CTSH) to report earnings on November, 6. Zacks Investment Research upgraded shares of Cognizant Technology Solutions Corporation from a "hold" rating to a "buy" rating and set a $80.00 price objective for the company in a report on Tuesday, August 8th. Cantor Fitzgerald reissued a "buy" rating and set a $78.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $78.00 price objective (up from $72.00) on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, August 9th. Thrivent Financial For Lutherans boosted its position in shares of Cognizant Technology Solutions Corporation by 11,666.2% during the 1st quarter. Finally, Barclays PLC lifted their price target on shares of Cognizant Technology Solutions Corporation from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Monday. The stock price recently experienced a 5-day loss of -4.41% with 1.02 average true range (ATR).

Analysts believe that the company has the potential to earn average revenue of $3.76 Billion for the current quarter.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) announced a quarterly dividend on Wednesday, November 1st, RTT News reports. During the same period in the previous year, the business posted $0.86 earnings per share.

The market experts are predicting a 31.9% rally, based on the high target price ($97) for Cognizant Technology Solutions Corporation shares that is likely to be hit in the 52 weeks.

Cognizant Technology Solutions Corporation (CTSH) is expected to post revenue of $3.82 Billion in the current quarter, according to consensus of 25 analysts. After having $0.87 EPS previously, Cognizant Technology Solutions Corp's analysts see -2.30 % EPS growth. Long-term investors should review current trend forecasts and yearly or five-year trend graphs to understand whether the stock is bearish or bullish or to determine whether the company is performing well. If you are reading this article on another domain, it was illegally copied and republished in violation of USA & worldwide copyright laws. If you are accessing this report on another publication, it was illegally stolen and republished in violation of U.S. & global copyright and trademark legislation.

Cognizant Technology Solutions Corporation is a leading provider of custom software development, integration and maintenance services that link e-business with core information systems for companies worldwide. The ex-dividend date is Friday, November 17th. Cognizant Technology Solutions Corporation's dividend payout ratio is 19.17%. The rating was upgraded by Wedbush on Friday, January 6 to "Outperform". The shares were sold at an average price of $69.69, for a total transaction of $509,782.35. Following the completion of the transaction, the president now owns 170,063 shares in the company, valued at $12,336,370.02.

In other Cognizant Technology Solutions Corporation news, EVP Allen Shaheen sold 442 shares of the stock in a transaction that occurred on Thursday, August 10th.

Brokerage houses, on average, are recommending investors to buy First Data Corporation (FDC)'s shares projecting a $21.02 target price. The disclosure for this sale can be found here. They expect $0.85 earnings per share, up 4.94% or $0.04 from last year's $0.81 per share. Given that liquidity is king in short-term, GM is a stock with 1.44 billion shares outstanding that normally trades 3.31% of its float.

Hedge funds and other institutional investors have recently modified their holdings of the stock.

The good news is there's still room for Cognizant Technology Solutions Corporation (CTSH) to grow. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider's stock worth $140,000 after buying an additional 27 shares during the last quarter. Over the last three months, insiders have sold 281,095 shares of company stock valued at $20,095,913. $282,815 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by Shaheen Allen. LLC now owns 7,639 shares of the information technology service provider's stock worth $455,000 after buying an additional 669 shares during the last quarter. Finally, Yacktman Asset Management LP acquired a new position in Cognizant Technology Solutions Corporation in the second quarter worth about $89,259,000. The New York-based Qs Ltd Limited Liability Company has invested 0.01% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). The Manufacturing/Retail/Logistics segment includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services.



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