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Cognizant Technology Solutions (CTSH) Rating Lowered to Hold at Zacks Investment Research

Cognizant Technology Solutions (CTSH) Rating Lowered to Hold at Zacks Investment Research

Fagan Associates Inc who had been investing in Sony Corp for a number of months, seems to be less bullish one the $62.05 billion market cap company.

The stock increased 0.71% or $0.39 during the last trading session, reaching $55.16. The shares were sold at an average price of $72.18, for a total value of $216,540.00. Anadarko Petroleum Corporation (NYSE:APC) has risen 8.29% since January 4, 2017 and is uptrending. It has underperformed by 17.22% the S&P500.

Tower Bridge Advisors increased its stake in Cognizant Technology (CTSH) by 0.01% based on its latest 2017Q3 regulatory filing with the SEC. Breakiron-Evans Maureen had sold 12,368 shares worth $862,011. The company's outstanding shares are 592.72 Million.

Cognizant Technology Solutions Corporation's Average Earnings Estimate for the current quarter is $1.01, according to consensus of 25 analysts. The stock decreased 33.33% or $0.0001 during the last trading session, reaching $0.0002. About 1.74 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since January 5, 2017 and is uptrending. For the Current month, 5 analysts have assigned this stock as Buy where 3 assigned Outperform, 16 analysts believe it's a Hold, 2 said Underperform and only 1 assigned Sell rating.

Analysts await Cisco Systems, Inc. They are also projecting the Low EPS estimate of $0.95 and the High EPS estimate of $1.12. CTSH's profit will be $518.92 million for 20.77 P/E if the $0.88 EPS becomes a reality. CHINTAMANENI RAMAKRISHNA PRASAD sold $393,264 worth of stock. Renaissance Technologies Llc accumulated 0.05% or 551,752 shares. (NYSE:T). Agf Invests has invested 1.06% in AT&T Inc. AT&T Inc. had 68 analyst reports since July 27, 2015 according to SRatingsIntel. On Friday, October 6 the stock rating was maintained by Jefferies with "Buy". The firm has "Underweight" rating given on Wednesday, February 24 by Barclays Capital. The stock has "Neutral" rating by Citigroup on Tuesday, October 31. The rating was maintained by RBC Capital Markets with "Buy" on Thursday, August 3. The company was upgraded on Thursday, April 6 by Piper Jaffray. On Friday, September 9 the stock rating was initiated by Wedbush with "Neutral".

More news: Recent Analysts Ratings Petroleo Brasileiro SA - Petrobras (PBR)

Among 30 analysts covering Cognizant Technology Solutions Corp. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Therefore 23% are positive. Cantor Fitzgerald restated a "buy" rating and set a $78.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday, November 1st. Argus Research maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Tuesday, August 11. The stock has "Buy" rating by Oppenheimer on Thursday, August 3. Robert W. Baird maintained the shares of CTSH in report on Friday, September 8 with "Buy" rating. The company presently has a consensus rating of "Buy" and a consensus price target of $81.68. The rating was maintained by Cowen & Co with "Buy" on Wednesday, November 1. The stock of Anadarko Petroleum Corporation (NYSE:APC) has "Outperform" rating given on Wednesday, November 2 by Credit Suisse. (NYSE:T) has "Buy" rating given on Tuesday, July 25 by Macquarie Research. Morgan Stanley downgraded the shares of CTSH in report on Tuesday, January 31 to "Equal-Weight" rating. Guardian Life Company Of America stated it has 1,343 shares.

Since August 4, 2017, it had 0 insider purchases, and 32 selling transactions for $25.05 million activity. KLEIN JOHN E sold 11,560 shares worth $830,705. Kandiah Gajakarnan Vibushanan sold $139,248 worth of stock or 1,954 shares. $1.03 million worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by McLoughlin Karen. Wedgewood Partners Inc sold 316,200 shares as Cognizant Technology Solutions (CTSH)'s stock rose 12.87%.

Investors sentiment increased to 0.84 in 2017 Q3. Its up 0.27, from 0.76 in 2017Q2. It is positive, as 37 investors sold CTSH shares while 296 reduced holdings. 93 funds opened positions while 178 raised stakes. Brown Capital Management Llc, a Maryland-based fund reported 1.39 million shares. Goelzer reported 75,278 shares. Beese Fulmer Mngmt has 79,653 shares for 1.32% of their portfolio. The benefit of this technique is that we can get a bigger picture of the direction of Cognizant Technology Solutions's earnings trajectory over the long run, irrespective of near term fluctuations, which may be more relevant for long term investors. Leuthold Gru Limited Liability has 0.39% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 52,621 shares. Diamond Hill Capital Mgmt Inc reported 0.47% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Us State Bank De owns 220,434 shares.

Saratoga Research & Investment Management decreased Procter & Gamble (NYSE:PG) stake by 12,401 shares to 504,330 valued at $45.88M in 2017Q3. 60,864 are held by Tru Co Of Toledo Na Oh. Janney Montgomery Scott Lc owns 0.02% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 26,636 shares. Aqr Management Ltd Liability Com has invested 0.12% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Guardian Lp reported 0.24% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Cognizant Technology Solutions's revenue for the quarter was up 9.1% on a year-over-year basis.

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