Economy

Cognizant Technology Solutions Corporation (CTSH) Analysts See 12.7%

Cognizant Technology Solutions Corporation (CTSH) Analysts See 12.7%

The institutional investor held 4,498 shares of the consumer services company at the end of 2017Q3, valued at $256,000, down from 36,368 at the end of the previous reported quarter. Busey Trust Company who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $197.44 billion market cap company.

The stock increased 2.79% or $0.625 during the last trading session, reaching $23.055. About 2.07M shares traded. Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) has risen 8.33% since December 26, 2016 and is uptrending. It has outperformed by 52.99% the S&P500.

Tpg Group Holdings Sbs Advisors Inc increased Cognizant Technology Solutio (CTSH) stake by 11.69% reported in 2017Q3 SEC filing. Pine River Capital Management Lp sold 56,551 shares as Cognizant Tech Solutions (CTSH)'s stock rose 12.87%. The hedge fund held 279,875 shares of the company at the end of 2017Q3, valued at $3.32 million, down from 325,508 at the end of the previous reported quarter. Barrett Asset Management Llc who had been investing in Cognizant Technology Solutio C for a number of months, seems to be less bullish one the $42.12 billion market cap company. The stock decreased 0.06% or $0.04 during the last trading session, reaching $71.2. The stock trades on a P/S of 2.93, which suggests that the shares are attractive compared with peers. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since December 27, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Since August 25, 2017, it had 0 insider purchases, and 1 insider sale for $3,175 activity. Analysts anticipate that Cognizant Technology Solutions Corp will post $3.65 earnings per share for the current fiscal year. The stock price recently experienced a 5-day loss of -0.57% with 0.96 average true range (ATR). The insider Shaheen Allen sold $31,196. Ellingsen Catharine D had sold 14,250 shares worth $940,762. RAMAKRISHNAN CHANDRASEKARAN sold $1.80 million worth of stock or 25,000 shares.

Among 30 analysts covering Cognizant Technology Solutions Corp. Six research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. Therefore 77% are positive. Bank of America reissued a "buy" rating and set a $86.00 price objective on shares of Cognizant Technology Solutions in a report on Tuesday, September 12th. RBC Capital Markets maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, February 9 with "Outperform" rating. The firm earned "Overweight" rating on Tuesday, August 9 by Barclays Capital. Oppenheimer has "Sector Perform" rating and $85 target. The firm has "Buy" rating given on Friday, July 28 by Cowen & Co. The rating was maintained by RBC Capital Markets with "Buy" on Wednesday, July 12. Finally, Robert W. Baird reaffirmed a "buy" rating and set a $80.00 target price on shares of Cognizant Technology Solutions in a report on Sunday, September 10th. $2.30 million worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Mehta Rajeev. Sunesis Pharmaceuticals had 11 analyst reports since July 24, 2015 according to SRatingsIntel. CTSH's profit will be $518.89 million for 20.23 P/E if the $0.88 EPS becomes a reality. During the same period in the previous year, the company posted $0.86 earnings per share. sell-side analysts expect that Cognizant Technology Solutions will post 3.35 earnings per share for the current year.

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A statistical measure of the dispersion of returns (volatility) for CTSH producing salvation in Investors mouth, it has week volatility of 1.43% and for the month booked as 1.65%. Its up 0.27, from 0.76 in 2017Q2.

Several other institutional investors have also recently added to or reduced their stakes in CTSH. The information technology service provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.75 by $0.09. Psagot House Limited, Israel-based fund reported 37,185 shares. Bessemer Gru invested in 2.32M shares. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider's stock worth $110,000 after purchasing an additional 800 shares in the last quarter. Lombard Odier Asset Mgmt (Europe) Ltd reported 0.03% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Its down 83.16% from 49,300 shares previously. Ameritas Ptnrs Inc has invested 0.08% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

Cognizant Technology Solutions Corporation holds a dividend yield of 0.84%, and depicts the price/earnings ratio (P/E) to be 22.07. Fiduciary Trust Co holds 0.11% or 48,643 shares in its portfolio. Following the sale, the vice president now owns 15,533 shares of the company's stock, valued at approximately $1,096,785.13. Palouse Mngmt Inc reported 0.76% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Cornerstone Advisors reported 0.08% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Cognizant Technology Solutio now has $41.92B valuation. (NYSE:RSG). Sumitomo Mitsui Asset Ltd accumulated 17,532 shares. (NYSE:C) on Thursday, August 10. When investing in a volatile security, the risk of success is increased just as much as the risk of failure.

Since August 15, 2017, it had 0 buys, and 3 sales for $18.05 million activity. 54 funds opened positions while 136 raised stakes. Nippon Life Ins has 27,801 shares for 0.04% of their portfolio. Morgan Stanley stated it has 3.62 million shares. 5,598 are held by Alps Advsrs. The corporation holds a 20-day simple moving average of -0.74% with a volume of -0.74%. (NASDAQ:CRWS). Wellington Mgmt Group Ltd Liability Partnership holds 0% or 945,852 shares in its portfolio. Narwhal Cap Mngmt stated it has 116,940 shares or 2.11% of all its holdings. California Employees Retirement Sys reported 38,475 shares. (NYSE:BBY). Credit Agricole S A invested 0.08% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 5,385 shares. Oakbrook Invests Lc reported 46,600 shares. Raymond James Financial Services Incorporated owns 55,859 shares for 0.03% of their portfolio.


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