Economy

Cognizant Technology Solutions Corporation (CTSH) Shares Bought by Alliancebernstein LP

Cognizant Technology Solutions Corporation (CTSH) Shares Bought by Alliancebernstein LP”

Cognizant Technology Solutions Corporation (CTSH) reported earning per shares for the quarter ending Aug 03 BMO at 0.93, whereas, 27 number of analysts estimated the mean EPS at 0.95. State Street Corp now owns 23,832,120 shares of the information technology service provider's stock valued at $1,335,314,000 after buying an additional 842,705 shares during the last quarter. Gs Investments Inc. purchased a new position in Cognizant Technology Solutions Corporation in the 2nd quarter worth about $2,337,000.

Other institutional investors have also made changes to their positions in the company. Intl Fcstone Inc. purchased a new position in Cognizant Technology Solutions Corporation in the 2nd quarter worth about $250,000. State Street Corp now owns 24,267,262 shares of the information technology service provider's stock valued at $1,444,391,000 after purchasing an additional 435,142 shares during the period. Finally, FMR LLC boosted its stake in Cognizant Technology Solutions Corporation by 2.3% in the 1st quarter. IFP Advisors Inc now owns 2,696 shares of the information technology service provider's stock valued at $160,000 after buying an additional 781 shares during the last quarter. Edgewood Management LLC boosted its stake in Cognizant Technology Solutions Corp by 25.3% in the fourth quarter. Franklin Resources Inc. now owns 12,383,985 shares of the information technology service provider's stock valued at $693,948,000 after buying an additional 8,126,603 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. increased its position in shares of Cognizant Technology Solutions Corporation by 3.1% during the 2nd quarter. Over the last three months, insiders have sold 57,466 shares of company stock valued at $3,201,816. Monness Crespi & Hardt maintained the shares of CTSH in report on Thursday, November 5 with "Buy" rating. Mastercard Incorporated had 65 analyst reports since July 21, 2015 according to SRatingsIntel. Berenberg Bank upgraded shares of Cognizant Technology Solutions Corporation from a "hold" rating to a "buy" rating and lifted their price objective for the company from $65.00 to $85.00 in a research report on Tuesday, August 8th. Argus Research maintained it with "Buy" rating and $78 target in Tuesday, August 11 report. They noted that the move was a valuation call.

Cognizant Technology Solutions Corporation (CTSH) now has the company's industry has 12.4 P/E and the sector P/E is 15.81.

Among 20 analysts covering Pfizer (NYSE:PFE), 7 have Buy rating, 1 Sell and 12 Hold. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since September 15, 2016 and is uptrending. Following the sale, the chief financial officer now directly owns 40,741 shares of the company's stock, valued at $2,369,496.56. Carlson Capital LP who had been investing in Cognizant Technology Solutio for a number of months, seems to be bullish on the $42.42 billion market cap company. Cognizant Technology Solutions Corporation has a 52 week low of $45.44 and a 52 week high of $73.00.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its quarterly earnings results on Thursday, August 3rd.

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Silvercrest Asset Management Group Llc decreased Cognizant Technology Solutions (CTSH) stake by 95.23% reported in 2016Q4 SEC filing. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter previous year, the firm posted $0.87 EPS. The firm's quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts expect that Cognizant Technology Solutions Corp will post $3.65 earnings per share for the current year. Shareholders of record on Tuesday, August 22nd were issued a $0.15 dividend. The ex-dividend date was Friday, August 18th. This represents a $0.60 annualized dividend and a yield of 0.84%. Cognizant Technology Solutions Corporation's dividend payout ratio is presently 19.17%.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Chandrasekaran Ramakrishnan sold 25,000 shares of the firm's stock in a transaction on Monday, August 28th. The Beta for the company stands at 1.11 and its Average True Range (ATR) shows a value of 0.87. Lba Wealth Management Limited Company owns 0% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 100 shares. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Rajeev Mehta sold 32,000 shares of the business's stock in a transaction dated Friday, September 1st. CTSH's latest closing price was 15.05% away from the average-price of 200 days while it maintained a distance of 2.68% from the 50 Day Moving Average and 1.47% away compared to its SMA 20. The disclosure for this sale can be found here. The average twelve-month price objective among brokers that have issued ratings on the stock in the past year is $61.24. These ratios are important while doing valuation of the company or the shares of the company.

COPYRIGHT VIOLATION NOTICE: "221,899 Shares in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Purchased by Delta Lloyd Asset Management N.V." was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another website, it was illegally copied and reposted in violation of U.S. & worldwide trademark and copyright laws.

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, which includes customers 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 customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology.



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