Economy

Columbia Partners LLC Investment Management Increases Holdings in Cognizant Technology Solutions Corporation

Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $73.00. The stock exchanged hands with 3,927,830 numbers of shares compared to its average daily volume of 3.27M shares.

Among 28 analysts covering Cognizant Technology Solutions Corp. The stock rose 0.52% or $0.37 reaching $72.19 per share. About 597,212 shares traded. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since September 18, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Spot Trading Llc increased American Cap Ltd (Put) (ACAS) stake by 191% reported in 2016Q4 SEC filing. In the last 90 days, insiders sold 280,807 shares of company stock valued at $20,029,239. The Spot Trading Llc holds 29,100 shares with $521,000 value, up from 10,000 last quarter. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned "Buy" rating by KeyBanc Capital Markets on Wednesday, September 6. It closed at $87.67 lastly. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with "Buy". It has underperformed by 16.70% the S&P500. Its up 0.91, from 1.58 in 2016Q3.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 513.54 million shares or 2.92% more from 498.98 million shares in 2016Q3 were reported.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH)'s stock had its "buy" rating reiterated by KeyCorp in a research report issued on Friday, September 8th. SINHA DHARMENDRA KUMAR had sold 9,253 shares worth $601,445. Finally, Nordea Investment Management AB increased its position in Cognizant Technology Solutions Corp by 28.7% in the third quarter. Thompson Davis & Inc accumulated 535 shares. Tahithromos Ltd Liability Corporation reported 160,000 shares stake. Following the completion of the sale, the insider now owns 286,923 shares in the company, valued at $20,945,379. Reinhart Prtnrs accumulated 1.64% or 317,815 shares. WFG Advisors LP grew its position in shares of Cognizant Technology Solutions Corporation by 46.4% during the second quarter.

In related news, CFO Karen Mcloughlin sold 1,873 shares of the business's stock in a transaction dated Monday, November 28th. Mufg Americas Corporation holds 0.1% or 51,094 shares. Albion Fincl Group Inc Inc Ut invested 0.07% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Btim reported 226,657 shares stake. Amica Retiree Tru reported 8,519 shares. Glg Ltd Liability Corp has 0.11% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 29,622 shares. Sanderson Farms Inc (NASDAQ:SAFM) was reduced too.

Since April 28, 2017, it had 0 insider buys, and 20 insider sales for $8.33 million activity. Acrospire Investment Management LLC raised its holdings in shares of Cognizant Technology Solutions Corporation by 92.6% during the 2nd quarter. Following the sale, the chief financial officer now directly owns 40,741 shares in the company, valued at approximately $2,369,496.56. Shaheen Allen also sold $282,815 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Tuesday, June 6. On Friday, May 19 KRISHNASWAMY VENKAT sold $302,479 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 4,618 shares. Shares for $99,000 were sold by Kandiah Gajakarnan Vibushanan. Cognizant Technology Solutions Corp. had 55 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) has "Buy" rating given on Thursday, April 13 by SunTrust. Therefore 71% are positive. BidaskClub upgraded Cognizant Technology Solutions Corporation from a "buy" rating to a "strong-buy" rating in a report on Thursday, June 22nd. Finally, Societe Generale downgraded Cognizant Technology Solutions Corporation from a "buy" rating to a "hold" rating and boosted their target price for the stock from $68.00 to $74.00 in a report on Monday, June 5th. The company was maintained on Thursday, August 3 by Oppenheimer. The rating was initiated by HSBC with "Buy" on Friday, September 30. Citigroup has "Neutral" rating and $52 target. 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. The stock has "Buy" rating by BMO Capital Markets on Thursday, August 3. The firm has "Buy" rating given on Friday, November 4 by Cantor Fitzgerald. Acadian Asset Management LLC now owns 3,231 shares of the information technology service provider's stock worth $192,000 after acquiring an additional 2,318 shares during the period. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 67% are positive. American Capital had 6 analyst reports since August 6, 2015 according to SRatingsIntel. Compass Point maintained the stock with "Buy" rating in Tuesday, December 8 report. (NASDAQ:ANGO) has "Hold" rating given on Monday, July 10 by Canaccord Genuity. The stock has "Outperform" rating by Cowen & Co on Friday, February 19.

Investors sentiment decreased to 0.76 in 2016 Q4. Its down 0.15, from 0.91 in 2016Q3. It worsened, as 26 investors sold ACAS shares while 52 reduced holdings. 32 funds opened positions while 66 raised stakes. Eqis Cap Mngmt reported 13,004 shares. Shelton Cap Mngmt invested in 0.23% or 139,009 shares. Cooke Bieler Lp, a Pennsylvania-based fund reported 1.60M shares. Dowling And Yahnke Lc owns 31,858 shares for 0.2% of their portfolio. Matthews Mngmt Ltd Liability Corporation holds 4.23M shares. Golub Gp Ltd reported 350,515 shares or 1.91% of all its holdings. California-based Rbf Capital Ltd Com has invested 0.49% in American Capital Ltd. (NASDAQ:ACAS). Northern Corp owns 86,792 shares. 2,933 are held by Us Natl Bank De. Gotham Asset Mngmt Limited accumulated 61,144 shares.



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