Economy

Choate Investment Advisors Trims Position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

The shares were sold at an average price of $72.00, for a total transaction of $576,000.00. Fred Alger Mgmt holds 1.96 million shares.

In other news, insider Sumithra Gomatam sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, September 26th. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 44.39% since September 30, 2016 and is uptrending. It has outperformed by 97.08% the S&P500.

Schroder Investment Management Group increased Cognizant Technology Solutions Corporation Class A Common Stock Usd0.01 (CTSH) stake by 1.97% reported in 2017Q2 SEC filing. Pictet North America Advisors Sa sold 13,684 shares as Cognizant Technology Solutio (CTSH)'s stock rose 12.87%. The Sii Investments Inc holds 5,162 shares with $345,000 value, down from 14,177 last quarter.

Cognizant Technology Solutions Corporation had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. 503.05 million shares or 1.75% less from 512.00 million shares in 2017Q1 were reported. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since September 30, 2016 and is uptrending. It has underperformed by 11.20% the S&P500. Another trade for 1,890 shares valued at $113,400 was sold by Middleton Sean. Ishares Tr (IJR) was raised too. Prentiss Smith Incorporated holds 390 shares. The information technology service provider reported $0.93 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.82 by $0.11.

Investors sentiment decreased to 0.76 in 2017 Q2. Its down 0.77, from 1.74 in 2017Q1. It worsened, as 53 investors sold CTSH shares while 330 reduced holdings. Veritas Invest Mngmt (Uk) accumulated 4.89% or 191,410 shares. Thompson Davis & holds 0.01% in RF Industries, Ltd. (NASDAQ:RFIL) or 4,000 shares. Jennison Associates Limited Liability owns 858,781 shares. American Bancshares holds 0.01% or 385 shares. Grt Prtn Ltd holds 0.2% in RF Industries, Ltd. (NASDAQ:RFIL) or 187,612 shares. The firm owned 67,145 shares of the information technology service provider's stock after selling 71,500 shares during the period. Qs Investors Ltd Liability Corp has 0.03% invested in Cardiovascular Systems Inc (NASDAQ:CSII) for 99,548 shares. Boston Partners now owns 5,895,340 shares of the information technology service provider's stock valued at $350,891,000 after purchasing an additional 235,407 shares during the period. Reilly Fincl Ltd Liability Com accumulated 1,443 shares. Moreover, Geode Capital Mngmt has 0% invested in RF Industries, Ltd. (NASDAQ:RFIL). Weiss Multi holds 29,344 shares. (NASDAQ:STLD) for 115,159 shares. Wellington Mngmt Group Incorporated Llp invested 0.01% of its portfolio in Cardiovascular Systems Inc (NASDAQ:CSII). (NASDAQ:STLD), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Canadian Reit had 13 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Steel Dynamics, Inc. The firm earned "Outperform" rating on Friday, January 6 by Wedbush. On Thursday, August 3 the stock rating was maintained by Oppenheimer with "Buy". (NASDAQ:STLD) earned "Neutral" rating by Rosenblatt on Monday, March 14. (NASDAQ:STLD) earned "Buy" rating by Jefferies on Friday, June 23. The firm has "Buy" rating given on Friday, September 30 by HSBC. Needham downgraded Cardiovascular Systems Inc (NASDAQ:CSII) on Thursday, October 8 to "Buy" rating.

RF Industries Limited (NASDAQ:RFIL) had a decrease of 8.59% in short interest.

Analysts await Cognizant Technology Solutions Corp (NASDAQ:CTSH) to report earnings on November, 6. They expect $0.04 earnings per share, down 33.33% or $0.02 from last year's $0.06 per share. CTSH's profit will be $501.99M for 21.34 P/E if the $0.85 EPS becomes a reality. $62,841 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by Kandiah Gajakarnan Vibushanan. California Public Employees Retirement System stated it has 0.14% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH).

More notable recent Cognizant Technology Solutions Corp (NASDAQ:CTSH) news were published by: Seekingalpha.com which released: "Cognizant Technology Solutions (CTSH) Q1 2017 Results - Earnings Call Transcript" on May 05, 2017, also Seekingalpha.com with their article: "Cognizant Technology Solutions (CTSH) Q2 2017 Results - Earnings Call Transcript" published on August 03, 2017, Gurufocus.com published: "TPG Group Holdings (SBS) Advisors, Inc". The legal version of this article can be viewed at https://stocknewstimes.com/2017/10/01/md-sass-investors-services-inc-invests-49-64-million-in-cognizant-technology-solutions-corporation-ctsh-stock.html.

04/13/2017 - Cognizant Technology Solutions Corporation was upgraded to "buy" by analysts at SunTrust. $99,060 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by CHATTERJEE DEBASHIS. On average, equities research analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current year. Six investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Therefore 0 are positive. Needham & Company LLC restated a "buy" rating and issued a $78.00 target price (up from $72.00) on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, August 9th. Cowen & Co initiated it with "Outperform" rating and $65 target in Friday, February 19 report. The rating was maintained by Jefferies with "Buy" on Monday, October 10. BMO Capital Markets reiterated a "buy" rating and set a $76.00 price target (up from $69.00) on shares of Cognizant Technology Solutions Corporation in a report on Friday, August 4th. The rating was downgraded by CLSA to "Underperform" on Wednesday, September 14. The stock has "Buy" rating by Needham on Thursday, November 5. The company was initiated on Thursday, September 10 by Suntrust Robinson.

ILLEGAL ACTIVITY NOTICE: "Choate Investment Advisors Trims Position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH)" was reported by Week Herald and is the sole property of of Week Herald. The stock of Washington Prime Group Inc (NYSE:WPG) has "Neutral" rating given on Friday, July 15 by Goldman Sachs.



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