Cognizant Technology Solutions Corp (NASDAQ:CTSH): Institutional Investors Are Worried

Author

03 June, 2017

Gilead Sciences had 65 analyst reports since July 29, 2015 according to SRatingsIntel. As per Tuesday, November 22, the company rating was downgraded by Bank of America. The firm has "Overweight" rating given on Friday, December 18 by Barclays Capital. The firm has "Buy" rating given on Tuesday, August 11 by Argus Research. The ratio has worsened, as 346 investment managers opened new and increased positions, while 387 trimmed and sold stakes in Cognizant Technology Solutions Corp. Forbes J M & Co Llp sold 102,662 shares as the company's stock rose 12.87% with the market. Franklin Resources Inc. now owns 12,383,985 shares of the information technology service provider's stock valued at $693,948,000 after buying an additional 8,126,603 shares during the last quarter.

Deere & Company (NYSE:DE) share price increased in the last trading session with a previous 52-week high of $123.59.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) gained 0.72% with the closing price of $67.39. It has underperformed by 11.20% the S&P500.

Analysts await CVS Health Corp (NYSE:CVS) to report earnings on August, 1. On average, analysts anticipate that Cognizant Technology Solutions Corp will post $3.66 EPS for the current fiscal year. Therefore 58% are positive. Cognizant Technology Solutions Corp has a 52 week low of $45.44 and a 52 week high of $67.13. The company was maintained on Thursday, November 5 by Monness Crespi & Hardt.

14-day Williams %R for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) moved to around 6.23. On Thursday, September 10 the stock rating was initiated by Suntrust Robinson with "Buy". On Tuesday, February 9 the stock rating was maintained by RBC Capital Markets with "Outperform". SunTrust Banks, Inc. raised Cognizant Technology Solutions Corp from a "hold" rating to a "buy" rating and set a $70.00 price objective on the stock in a research note on Thursday, April 13th. Mizuho initiated it with "Buy" rating and $88 target in Tuesday, November 8 report. CLSA initiated the shares of CMI in report on Friday, September 30 with "Buy" rating.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) price is pointing towards neither exit nor entry barriers, according to a technical analysis tool called the Relative Strength Index (RSI).

Since December 3, 2016, it had 0 buys, and 25 insider sales for $10.99 million activity. Another trade for 1,524 shares valued at $99,060 was sold by CHATTERJEE DEBASHIS. The stock was sold at an average price of $59.21, for a total value of $547,278.03. 5,400 shares were sold by CHINTAMANENI RAMAKRISHNA PRASAD, worth $361,800. Shaheen Allen had sold 2,305 shares worth $137,974. Wedbush upgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Friday, January 6 to "Outperform" rating.

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.27, from 1.16 in 2016Q3. It is negative, as 82 investors sold Cognizant Tech Sol shares while 305 reduced holdings. The investment managers in our partner's database now own: 513.54 million shares, up from 498.98 million shares in 2016Q3. 3,891 were reported by Bremer Trust Association. The Oak Associates Ltd holds 247,043 shares with $13.84M value, down from 301,544 last quarter.

Currently Cognizant Tech Sol (NASDAQ:CTSH)'s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 94.2%. Thrivent For Lutherans reported 20,980 shares stake. The company had a trading volume of 2,316,928 shares. Reinhart Prtn holds 1.64% or 317,815 shares. 166,470 are owned by Raymond James Finance Serv Advisors. Moreover, Nationwide Fund Advisors has 0.16% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 701,169 shares. Ameriprise Financial Incorporated owns 787,855 shares. Martingale Asset LP has 0.06% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Oak Ridge Ltd Llc holds 0.25% or 135,303 shares. SRB Corp purchased a new stake in Cognizant Technology Solutions Corp during the third quarter valued at about $136,000.

The collective rating of 2.2 for Cognizant Technology Solutions Corporation (CTSH) also leans strongly towards the neutral end of the spectrum. The overall volume in the last trading session was 3.77 million shares. Earnings per share is generally considered to be the single most important variable in determining a share's price. It has outperformed by 60.97% the S&P500. The company has market cap of $27.48 billion. The Firm provides a range of consumer and commercial banking services to individuals, businesses and industries. Also, it has an estimated price-earnings (P/E) multiple of 15.72 and a trailing 12-month price-earnings (P/E) multiple of 24.58. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive and agricultural markets. Kandiah Gajakarnan Vibushanan sold $172,310 worth of stock. 666 shares were sold by Frank Malcolm, worth $36,411 on Saturday, December 3. 90,661 shares were sold by Menear Craig A, worth $14.21M on Wednesday, May 17. However its weekly volatility is 3.19% and monthly volatility is 3.26%. It dropped, as 55 investors sold MRO shares while 216 reduced holdings. Fifth Third Bankshares has invested 0.01% in CenterState Banks Inc (NASDAQ:CSFL). Valley Advisers Incorporated invested in 0.01% or 232 shares. Dearborn Partners Lc invested in 0.16% or 34,231 shares. Deutsche Savings Bank Ag holds 0.25% or 5.64 million shares. Farmers Com reported 46,767 shares stake. Thornburg Management Inc holds 919,873 shares. Selway Asset Mgmt reported 2.19% of its portfolio in Cognizant Tech Sol (SWX:CTSH). Blackrock Group Ltd stated it has 53,653 shares. Bath Savings Trust owns 40,010 shares.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


More news


  • Charles Oakley rejects plea deal in Madison Square Garden incident

    Charles Oakley rejects plea deal in Madison Square Garden incident

    Oakley has been charged with assault, aggravated harassment, attempted assault, criminal trespass and harassment. After the incident, Dolan banned Oakley from entering Madison Square Garden before later relenting.
    Subaru WRX STI Type RA coming not a BRZ STI

    Subaru WRX STI Type RA coming not a BRZ STI

    It will be called the Type RA - a familiar nameplate to Subaru in Japan, but it's the first time we'll see it in North America. Earlier this week we got excited when Subaru released a teaser image of a spoiler with "STI" branded on the side wings.

    What Are Analysts Suggestions On Extended Stay America, Inc. (STAY)

    It has outperformed by 13.30% the S&P500.The move comes after 9 months positive chart setup for the $3.46 billion company. Equities research analysts forecast that Extended Stay America Inc will post $1.04 EPS for the current fiscal year.
  • Whitlock: LeBron James Doesn't Deal With Real Racism

    Whitlock: LeBron James Doesn't Deal With Real Racism

    But Whitlock may have outdone himself Thursday when he said that racism was not an "issue" for a black person as wealthy as LeBron James .

    Brokers Issue New Targets On Vera Bradley, Inc. (NASDAQ:VRA)

    Citigroup Incorporated reported 115,102 shares. 08/18/2015 - Vera Bradley, Inc. was downgraded to " by analysts at Jefferies. The firm's quarterly revenue was down 8.7% on a year-over-year basis. 26 funds opened positions while 40 raised stakes.
    Ronaldo or Zidane? Real Madrid boss names the ultimate Galactico

    Ronaldo or Zidane? Real Madrid boss names the ultimate Galactico

    Dybala has thrived since Juventus coach Massimiliano Allegri changed the team's formation to accommodate its attacking talents. Italian side Juventus are looking to win the crown for the third time, while Real can extend their own record.
  • Penn State making changes to Greek system after pledge death

    Penn State making changes to Greek system after pledge death

    President Eric Barron says Penn State will lobby for tougher laws on hazing, something sought by Piazza's parents. The events leading up to Piazza's death came into clearer focus since the charges were filed.
    RMB strengthens to seven-month highs

    RMB strengthens to seven-month highs

    The yuan appreciated to a seven-month high Thursday, showing that China's desperate measures to prop up its currency are working. Before the market open, the PBOC fixed the official guidance at 6.809 per dollar, up from 6.8633 previously.
    Guardiola continues spending spree with £35m capture of Ederson

    Guardiola continues spending spree with £35m capture of Ederson

    Osman believes Guardiola must learn from how Manchester United treated David de Gea during his early days at the club . Under Premier League rules, the situation regarding TPO agreements must be resolved before a player can be registered.
  • Google is expanding its Waze carpooling service to California

    Google is expanding its Waze carpooling service to California

    The system is supposed to work correctly as long as people wake up in time and leave their houses when the app says they should. As the name suggests, Waze Carpool is akin to more traditional carpooling than being a direct taxi replacement.

    How accurate was Trump's Paris climate agreement speech?

    If he accepts the idea of climate change, it might create a division among him and his base supporters. Pruitt stood next to Trump on Thursday and applauded the announcement to pull out of the pact.
    Samsung leads tablet market share in India

    Samsung leads tablet market share in India

    IDC predicted iPhone shipments will grow by 3.8% this year and will continue to build momentum heading into next year. The distribution channels for tablets will be cautious on procuring new inventory especially in the month of June.