The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) is a huge mover today! About 1.48M shares traded hands. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has declined 14.20% since April 22, 2016 and is downtrending. It has underperformed by 19.61% the S&P500.
The move comes after 7 months positive chart setup for the $31.19 billion company. It was reported on Nov, 25 by Barchart.com. We have $54.30 PT which if reached, will make NASDAQ:CTSH worth $935.70M more.
Analysts await Cognizant Technology Solutions Corp (NASDAQ:CTSH) to report earnings on February, 13. They expect $0.77 earnings per share, up 4.05% or $0.03 from last year’s $0.74 per share. CTSH’s profit will be $455.52M for 17.12 P/E if the $0.77 EPS becomes a reality. After $0.81 actual earnings per share reported by Cognizant Technology Solutions Corp for the previous quarter, Wall Street now forecasts -4.94% negative EPS growth.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) Ratings Coverage
Out of 21 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 13 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 62% are positive. Cognizant Technology Solutions Corp. has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned “Buy” rating by HSBC on Friday, September 30. As per Thursday, December 17, the company rating was initiated by Sterne Agee CRT. The rating was maintained by Jefferies on Monday, October 10 with “Buy”. Citigroup maintained the stock with “Buy” rating in Wednesday, July 20 report. The firm earned “Neutral” rating on Friday, September 30 by Citigroup. The firm has “Neutral” rating given on Thursday, September 15 by Goldman Sachs. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) has “Underperform” rating given on Tuesday, November 22 by Bank of America. Needham maintained Cognizant Technology Solutions Corp (NASDAQ:CTSH) rating on Tuesday, November 8. Needham has “Buy” rating and $65 price target. Suntrust Robinson initiated the shares of CTSH in a report on Thursday, September 10 with “Buy” rating. The rating was downgraded by William Blair on Wednesday, November 23 to “Market Perform”.
According to Zacks Investment Research, “Cognizant Technology Solutions delivers high-quality, cost-effective, full life cycle solutions to complex software development and maintenance problems that companies face as they transition to e-business. These services are delivered through the use of a seamless on-site and offshore consulting project team. The company’s solutions include application development and integration, application management, re-engineering, and mass change services.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.04, from 0.97 in 2016Q1. The ratio dived, as 65 funds sold all Cognizant Technology Solutions Corp shares owned while 291 reduced positions. 67 funds bought stakes while 278 increased positions. They now own 506.90 million shares or 5.36% less from 535.62 million shares in 2016Q1.
Motley Fool Wealth Mgmt Ltd owns 113,058 shares or 0.71% of their US portfolio. D E Shaw And reported 912,696 shares or 0.1% of all its holdings. The New York-based Edgewood Management Limited Com has invested 4.62% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Bridges Investment Counsel Incorporated holds 29,130 shares or 0.31% of its portfolio. Westport Mngmt holds 0.08% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 4,095 shares. Sei Invs holds 0.23% or 661,515 shares in its portfolio. Country Club Trust Na reported 13,853 shares or 0.12% of all its holdings. Cornerstone Cap Management Holdings Lc holds 0.07% or 150,881 shares in its portfolio. Boothbay Fund Ltd Liability Com reported 11,541 shares or 0.31% of all its holdings. Samlyn Capital Ltd Liability Corporation holds 327,900 shares or 0.45% of its portfolio. Blackrock Institutional Tru Na has 0.14% invested in the company for 15.40 million shares. Oak Associates Ltd Oh accumulated 1.79% or 261,139 shares. National Bank & Trust Of Mellon Corp, a New York-based fund reported 21.83M shares. Massachusetts Fin Ma has 25.86 million shares for 0.75% of their US portfolio. Fdx Advsr, a California-based fund reported 33,785 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 12 selling transactions for $33.34 million net activity. $1.20 million worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares were sold by McLoughlin Karen. 200,000 shares were sold by DSOUZA FRANCISCO, worth $11.54M. Shares for $410,760 were sold by Schwartz Steven. 22,881 Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares with value of $1.38 million were sold by COBURN GORDON. 8,780 shares were sold by Frank Malcolm, worth $526,457 on Friday, June 3.
More recent Cognizant Technology Solutions Corp (NASDAQ:CTSH) news were published by: Businesswire.com which released: “Robbins Arroyo LLP: Cognizant Technology Solutions Corporation (CTSH) Misled …” on November 23, 2016. Also Businesswire.com published the news titled: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Cognizant …” on November 18, 2016. Businesswire.com‘s news article titled: “SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Files Class Action …” with publication date: November 18, 2016 was also an interesting one.
CTSH Company Profile
Cognizant Technology Solutions Corporation, incorporated on April 6, 1988, is a well-known provider of information technology (IT), consulting and business process services. The Firm operates through four divisions: Financial Services, which includes clients providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as clients providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology. The Company’s competencies include business, process, activities and IT consulting, application development and systems integration, enterprise information management, application testing, application maintenance and IT infrastructure services.
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