Published: Wed, March 14, 2018
Business | By Tara Barton

Cognizant Technology Solutions Corp (CTSH) Given Consensus Recommendation of "Buy" by Brokerages


Whitnell & Co acquired 6,531 shares as Cognizant Technology Solutio (CTSH)'s stock rose 12.87%. The institutional investor held 30,101 shares of the edp services company at the end of 2017Q3, valued at $2.18M, up from 23,570 at the end of the previous reported quarter. About 46,866 shares traded. It has underperformed by 11.20% the S&P500.

Auxier Asset Management increased its stake in American International Group (AIG) by 53.53% based on its latest 2017Q3 regulatory filing with the SEC.

In other news, Director Maureen Breakiron-Evans sold 20,000 shares of the company's stock in a transaction on Tuesday, March 6th. The hedge fund run by Patrick Degorce held 365,000 shares of the capital goods company at the end of 2017Q3, valued at $124.50M, up from 285,000 at the end of the previous reported quarter. Bard Associates Inc who had been investing in Evolution Petroleum Corp for a number of months, seems to be less bullish one the $269.38 million market cap company. It closed at $14.91 lastly. It has outperformed by 10.67% the S&P500. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have assigned a strong buy rating to the company. K12 had 8 analyst reports since October 28, 2015 according to SRatingsIntel. (NYSE:LRN) on Friday, September 15 with "Buy" rating. The rating was upgraded by William Blair to "Outperform" on Wednesday, November 1. Generally, Beta can be used as a dimension of volatility in the capital asset pricing model (CAPM), which weights up the expected return on investment (ROI), depending on its beta and expected returns of the market. The stock of K12 Inc. The firm earned "Sell" rating on Friday, January 19 by Cowen & Co. The company was maintained on Thursday, April 13 by BMO Capital Markets.

Since October 2, 2017, it had 0 insider purchases, and 8 insider sales for $4.17 million activity. RAMAKRISHNAN CHANDRASEKARAN sold $1.89M worth of stock or 25,000 shares. It also reduced its holding in Boise Cascade Co Del (NYSE:BCC) by 164,947 shares in the quarter, leaving it with 297,715 shares, and cut its stake in Ophthotech Corp (NASDAQ:OPHT).

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.27, from 0.76 in 2017Q2. It improved, as 93 investors sold TSLA shares while 134 reduced holdings. Tci Wealth Inc holds 0.03% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 980 shares. Morgan Stanley owns 0% invested in Evolution Petroleum Corporation (NYSEAMERICAN:EPM) for 145,468 shares. Mackenzie Financial invested in 141,699 shares or 0.06% of the stock. (NYSE:LRN) for 187,754 shares. The Georgia-based Invesco Ltd has invested 0.04% in Fair Isaac Corporation (NYSE:FICO). Toronto Dominion Bank & Trust accumulated 228,406 shares or 0.05% of the stock. Muhlenkamp & owns 92,220 shares. Corporate insiders own 1.08% of the company's stock. Another trade for 200,000 shares valued at $5.31 million was made by ESHELMAN FREDRIC N on Thursday, December 7. Kbc Nv holds 0.05% or 149,099 shares in its portfolio. Fort Washington Invest Advisors Incorporated Oh owns 0% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 3,500 shares. Ckw Financial invested 0% in Tesla, Inc.

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In terms of performance, shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) are 18.38% since the start of 2016. They expect $0.97 EPS, up 24.36% or $0.19 from last year's $0.78 per share. CTSH's profit will be $582.17 million for 21.23 P/E if the $0.99 EPS becomes a reality. This is a positive change from Cognizant Technology Solutions's previous quarterly dividend of $0.15.

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.27, from 0.76 in 2017Q2. 99 funds opened positions while 244 raised stakes. Its down 4.51% from 2.84 million shares previously. (NASDAQ:TSLA). Valley Advisers Inc holds 267 shares. $2,351 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by Middleton Sean. Net profit margin of Cognizant Technology Solutions Corporation (CTSH) was recorded at 10.2 percent, operating profit margin was 16.8 percent, while gross profit margin stands at 39.8 percent. Guinness Asset Mngmt invested in 0.79% or 51,974 shares. Pub Employees Retirement Association Of Colorado holds 257,639 shares or 0.26% of its portfolio. $85,326 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by GOMATAM SUMITHRA. 227,000 were accumulated by Voya Invest Mngmt. Natl Pension Serv reported 569,421 shares. NOAH's SI was 2.71M shares in March as released by FINRA. The Texas-based Petrus Trust Lta has invested 3.11% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Boston Family Office Limited Liability Corp holds 3,498 shares. Cognizant Tech Solutions now has $49.27B valuation. Atika Capital Mgmt Llc, New York-based fund reported 78,000 shares. Meanwhile, the stock investors and analysts deem this stock on the go as it shuffled with 1.82 million shares contrasting its Average Volume of 1.2 million shares.

In related news, insider Debashis Chatterjee sold 1,650 shares of the stock in a transaction dated Wednesday, February 21st. Insiders sold 646,336 shares of company stock worth $49,270,540 in the last quarter. Axa reported 0.12% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). (NASDAQ:CTSH), 26 have Buy rating, 1 Sell and 6 Hold. Therefore 40% are positive. SunTrust Banks reiterated a "buy" rating and set a $90.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, February 7th. Credit Suisse maintained the stock with "Buy" rating in Thursday, November 2 report. Citigroup maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Tuesday, October 31. Needham maintained the stock with "Buy" rating in Tuesday, February 9 report. Finally, Nomura lifted their target price on Cognizant Technology Solutions from $71.00 to $79.00 and gave the company a "neutral" rating in a report on Thursday, February 8th. The company was maintained on Tuesday, January 26 by Susquehanna. Zacks upgraded the shares of CTSH in report on Monday, August 10 to "Sell" rating. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has "Hold" rating given on Friday, September 30 by Argus Research.

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