Cognizant Technology Solutions Corporation (CTSH): What's the Story?

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07 September, 2017

Insiders have sold a total of 100,293 shares of company stock worth $7,041,557 in the last quarter. Neovasc Inc now has $89.96M valuation. The stock is trading $69.26 its 50-day moving average by -1.28%. 1983198 shares were traded on Cognizant Technology Solutions Corporation's last session. About shares traded. Neovasc Inc (US) (NASDAQ:NVCN) has declined 19.02% since September 6, 2016 and is downtrending. It has outperformed by 3.59% the S&P500.

Veritas Investment Management LLP boosted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Suncoast Equity Management sold 15,543 shares as Cognizant Tech (CTSH)'s stock rose 12.87%.

Cognizant's market cap is now $41.62B and has a P/E ratio of 22.66. The stock rose 0.58% or $0.41 reaching $70.95.

About 197,843 shares traded.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) previously released its periodic earnings reports on Early Thur, Aug 3rd. The days to cover decreased to 2.0 and the short interest percentage is 0.11% as of August 15. Its down 0.19, from 1.44 in 2016Q3. It is negative, as 82 investors sold CTSH shares while 305 reduced holdings.

Several other hedge funds have also recently made changes to their positions in the company. 513.54 million shares or 2.92% more from 498.98 million shares in 2016Q3 were reported. Factory Mutual Company has invested 0.82% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Perhaps, that suggests something about why 48.49% of the outstanding share supply is held by institutional investors. The New Hampshire-based Ledyard National Bank & Trust has invested 0.64% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/09/06/pzena-investment-management-llc-has-465-52-million-position-in-cognizant-technology-solutions-corporation-ctsh.html. Albert D Mason Inc owns 36,040 shares or 0.46% of their United States portfolio. Rafferty Asset Management Ltd holds 9,893 shares. Cognizant Technology Solutions Corporation's revenue for the quarter was up 8.9% compared to the same quarter past year. Jennison Ltd Liability has invested 0.24% in SBA Communications Corporation (NASDAQ:SBAC). Amp Capital Invsts Limited reported 162,109 shares stake.

Bp Wealth Management Llc increased Corning (NYSE:GLW) stake by 20,461 shares to 78,354 valued at $1.90 million in 2016Q4. Davis R M upped its stake in Cognizant Technology Solutions Corporation by 2.2% in the Q1. Citrix Sys Inc (NASDAQ:CTXS) was reduced too. Thrivent Financial For Lutherans boosted its stake in Cognizant Technology Solutions Corporation by 11,666.2% in the 1st quarter. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Therefore 65% are positive. Kbc Grp Nv reported 0.05% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Monness Crespi & Hardt maintained the shares of CTSH in report on Thursday, November 5 with "Buy" rating.

08/04/2017 - Cognizant Technology Solutions Corporation was upgraded to "buy" by analysts at Loop Capital. Oppenheimer maintained the stock with "Buy" rating in Thursday, August 3 report. Following the transaction, the chief operating officer now owns 24,665 shares in the company, valued at approximately $1,775,880. The company posted earnings of $3.67 B for the period end, compared with brokerage expectations of $3.65 B. Cognizant Technology Solutions Corporation had a net profit margin of 13.36% and a ROE of 18.72%. Cognizant Technology Solutions Corporation's yield is presently 19.17%. On Thursday, June 8 the stock rating was downgraded by HSBC to "Hold".

Since March 13, 2017, it had 0 insider purchases, and 21 sales for $8.88 million activity. $361,800 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by CHINTAMANENI RAMAKRISHNA PRASAD on Thursday, May 25. Shaheen Allen sold $282,815 worth of stock. First Financial Corp IN now owns 17,816 shares of the information technology service provider's stock worth $1,183,000 after purchasing an additional 240 shares during the period. Moody Retail Bank Tru Division owns 0.02% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 7,855 shares. On Tuesday, May 16 CHATTERJEE DEBASHIS sold $99,060 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 1,524 shares.

Among 32 analysts covering Visa Inc. The California-based Dalton Invests Lc has invested 2.35% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Therefore 50% are positive. Visa Inc. had 65 analyst reports since July 21, 2015 according to SRatingsIntel. UBS maintained Visa Inc (NYSE:V) rating on Friday, July 21. The stock now has an average rating of "Buy" and a consensus target price of $70.30. IBC upgraded IAMGOLD Corp (USA) (NYSE:IAG) on Monday, June 27 to "Sector Performer" rating.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. The stock of Visa Inc (NYSE:V) earned "Overweight" rating by Barclays Capital on Monday, May 16. The stock of Antero Resources Corp (NYSE:AR) earned "Buy" rating by Goldman Sachs on Tuesday, November 17.


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