Trading Notes on Cognizant Technology Solutions Corporation (NASDAQ:CTSH): Active Stock Recap

Paterniano Del Favero
Agosto 3, 2017

The Gross Margin Score is calculated by looking at the Gross Margin and the overall stability of the company over the course of 8 years. The firm has "Buy" rating given on Thursday, September 3 by Roth Capital. Also, the Hold rating count is 13 as of 08/01/17. That puts the market capitalization at $237.09 mln. The firm earned "Outperform" rating on Wednesday, February 1 by Oppenheimer. (NYSE:CR) on Wednesday, April 26 to "Outperform" rating. Vanguard Group raised its position in Cognizant Technology Solutions Corporation by 3.5% in the Q1. 1,500 Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares with value of $99,000 were sold by Kandiah Gajakarnan Vibushanan. Alliancebernstein L.P. now owns 4,487,749 shares of the information technology service provider's stock valued at $267,111,000 after buying an additional 2,375,626 shares during the last quarter. Cognizant Technology Solutions Corporation has a 52-week low of $45.44 and a 52-week high of $70.49. Finally, Societe Generale downgraded Cognizant Technology Solutions Corporation from a "buy" rating to a "hold" rating and upped their target price for the stock from $68.00 to $74.00 in a research note on Monday, June 5th.

The counter witnessed a trading volume of 0.1 million shares versus an average volume of 0.36 million shares during last trading session. $280,693 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares were sold by KRISHNASWAMY VENKAT. It has underperformed by 11.20% the S&P500. $99,060 worth of stock was sold by CHATTERJEE DEBASHIS on Tuesday, May 16. Weiss Multi stated it has 0.08% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). In the last three months, insiders sold 63,783 shares of company stock valued at $4,222,615. Guardian Life Insurance Co. of America boosted its position in shares of Cognizant Technology Solutions Corporation by 1.2% in the first quarter.

In other news, COO Srinivasan Veeraraghavachary sold 12,000 shares of the firm's stock in a transaction on Monday, May 8th. Caprock Group Inc owns 13,307 shares for 0.19% of their portfolio. Apple Inc (NASDAQ:AAPL) was reduced too. On average, analysts forecast that Cognizant Technology Solutions Corporation will post $3.67 EPS for the current fiscal year.

Want to see what other hedge funds are holding CTSH? Therefore 56% are positive. Finally, BidaskClub lowered shares of Cognizant Technology Solutions Corporation from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 10th. The rating was upgraded by Zacks on Monday, August 10 to "Sell". Cowen & Co maintained Cognizant Technology Solutions Corp (NASDAQ:CTSH) rating on Friday, July 28. The rating was maintained by Monness Crespi & Hardt on Thursday, November 5 with "Buy". The rating was downgraded by HSBC to "Hold" on Thursday, June 8. On Friday, October 16 the stock rating was initiated by Cantor Fitzgerald with "Buy".

05/31/2017 - Cognizant Technology Solutions Corporation had its "buy" rating reiterated by analysts at Deutsche Bank.

Investors sentiment decreased to 0.89 in 2016 Q4. Its down 0.04, from 0.93 in 2016Q3. Cortland Associates Inc acquired 205,158 shares as Cognizant Tech Sol Cl A (CTSH)'s stock rose 12.87%. 103 funds opened positions while 243 raised stakes. Acadian Asset Management LLC now owns 3,231 shares of the information technology service provider's stock worth $192,000 after buying an additional 2,318 shares during the last quarter. 42,566 are held by Shelton Capital Management.

More notable recent Cognizant Technology Solutions Corp (NASDAQ:CTSH) news were published by: Gurufocus.com which released: "Hl Financial Services Llc Buys Cognizant Technology Solutions Corp, Boyd ..." on August 01, 2017, also Seekingalpha.com with their article: "Cognizant Technology Solutions (CTSH) Q1 2017 Results - Earnings Call Transcript" published on May 05, 2017, Nasdaq.com published: "Agree To Buy Cognizant Technology Solutions Corp". Tarbox Grp owns 220 shares.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) closed up +0.19 points or 0.27% at $69.51 with 4.51 mln shares exchanging hands. Fulton Bank N.A.'s holdings in Cognizant Technology Solutions Corporation were worth $1,489,000 at the end of the most recent quarter. Smithfield Trust reported 300 shares. Majedie Asset Management Limited holds 108,137 shares. Groesbeck Invest Management Corp Nj reported 0.81% stake. Ahl Prtnrs Limited Liability Partnership has invested 0.01% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Rosenbaum Jay D owns 16,625 shares. Capital One Association holds 0.03% or 6,637 shares.

Since February 27, 2017, it had 0 insider purchases, and 7 insider sales for $11.11 million activity. Curran Brendan had sold 12,632 shares worth $899,568. The average 1-year price target for (UAL) reveals an average price target of $91.61 per share. If the ratio is less than 1, then we can determine that there has been a decrease in price. Its down 0.18, from 1.39 in 2016Q3. Airain invested in 0.89% or 197,017 shares. Meridian Mgmt accumulated 1.69% or 51,025 shares. Stanley owns 36,341 shares. Sigma Planning has 5,075 shares. There are brokerage firms with lower targets than the average, including one setting a price target of $77.

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