Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Reviewed By Analysts

Xavier Trudeau
Août 3, 2017

Since the open, shares have moved -1.03% after recently hitting the $68.72 mark. The firm owned 19,462 shares of the information technology service provider's stock after selling 885 shares during the period. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes.

Several research firms recently issued reports on CTSH.

01/10/2017 - Loop Capital began new coverage on Cognizant Technology Solutions Corporation giving the company a "hold" rating. Cowen and Company reissued a "buy" recommendation and given a $75.00 price objective on the stock of Cognizant Technology Solutions Corporation in a study report on early Friday.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its earnings results on Friday, May 5th. Finally, Oppenheimer Holdings, Inc. reaffirmed an "outperform" rating and issued a $80.00 price target (up previously from $66.00) on shares of Cognizant Technology Solutions Corporation in a research note on Thursday, June 15th.

On June 5 the company was rated "Hold" by Societe Generale which is down from the previous "Buy" rating. On September 30 the stock rating was downgraded to "Neutral" from " with a current price target of $55.00 in an announcement from Argus Research.

Over the past five trading sessions shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) are -0.66%; 4.68% for the month; 14.91% for the last quarter; 32.17% for the past six-months; and 18.92% for the last 12 months. The company had a trading volume of 8,021,592 shares. Cognizant Technology Solutions Corporation has a 52-week low of 45.44 and a 52-week high of 70.49.

The P/E ratio is now 25.29 and market cap is 40.94B.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its quarterly earnings data on Friday, May 5th. The information technology service provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.09. Forbes J M & Co Llp who had been investing in Cognizant Technology Solutions Corp for a number of months, seems to be less bullish one the $40.49B market cap company. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.52 billion. Cognizant Technology Solutions Corporation's revenue for the quarter was up 10.7% compared to the same quarter a year ago. The company's sales went up 10.7% on a YOY basis. for the same quarter previous year, the business reported $0.80 EPS. on consensus, brokerages expect that Cognizant Technology Solutions Corporation to post $3.67 earnings per share for the financial year.

TRADEMARK VIOLATION NOTICE: This story was first published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another domain, it was copied illegally and reposted in violation of USA & global trademark & copyright laws. Cowen & Co maintained Cognizant Technology Solutions Corp (NASDAQ:CTSH) rating on Friday, July 28. The shares were sold at an average price of $67.44, for a total value of $674,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Petersen Flynn & Dinsmore Inc acquired 4,680 shares as Ligand Pharmaceuticals Inc (LGND)'s stock rose 7.66%.

Sean Middleton, Pres - Cognizant Accelerator sold $2,211 worth of shares at an average price of $66.99 on Monday the 10th. The disclosure for this sale can be found here. Adell Harriman And Carpenter Inc invested in 8,945 shares or 0% of the stock. Institutional investors and hedge funds own 89.10% of the company's stock. Alta Capital Management Ltd Liability Co reported 702,926 shares stake. Middleton Sean also sold $117,180 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares. Pensionfund DSM Netherlands raised its stake in Cognizant Technology Solutions Corporation by 3.3% in the first quarter. The Cortland Associates Inc holds 976,608 shares with $54.72 million value, up from 771,450 last quarter.

01/18/2017 - Cognizant Technology Solutions Corporation had its " rating reiterated by analysts at Jefferies. Following the completion of the transaction, the insider now directly owns 42,628 shares of the company's stock, valued at approximately $2,962,646. Finally, SRS Investment Management LLC purchased a new position in Cognizant Technology Solutions Corporation during the first quarter valued at about $134,797,000. Over the past five trading sessions it is 1.2%; 2.94% for the month; 27.27% for the last quarter; -21.93% for the past six-months; and -26.67% for the last 12 months. Cognizant Technology Solutions Corporation earned a news sentiment score of 0.10 on Accern's scale. Badgley Phelps And Bell owns 199,349 shares for 0.97% of their portfolio.

Cognizant Technology Solutions Corporation is a professional services company. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

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