Economy

Good stocks to great stocks - Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Driving interest in Cognizant Technology Solutions Corporation (CTSH) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Strs Ohio owned 0.05% of Cognizant Technology Solutions Corporation worth $23,351,000 as of its most recent filing with the SEC. Meeder Asset Management Inc. acquired a new position in shares of Cognizant Technology Solutions Corporation in the 3rd quarter worth $1,515,000. 9,253 Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares with value of $601,445 were sold by SINHA DHARMENDRA KUMAR. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider's stock valued at $110,000 after acquiring an additional 800 shares during the period. WFG Advisors LP raised its holdings in Cognizant Technology Solutions Corporation by 46.4% in the second quarter. Oak Ridge Investments LLC raised its holdings in shares of Cognizant Technology Solutions Corporation by 7.1% in the 2nd quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider's stock worth $140,000 after purchasing an additional 27 shares during the period. The percentage of shares being held by the company management was 0.3% while institutional stake was 91.8%.

A number of equities research analysts have recently issued reports on the stock. APG Asset Management N.V. now owns 1,049,326 shares of the information technology service provider's stock worth $76,118,000 after acquiring an additional 443,600 shares during the last quarter. Equity analyst Berenberg upgraded the stock and raised the price target on August 8 changing the price objective from $79.00 to $85.00 and altering the rating from "Buy" to "Buy". Finally, Barclays PLC restated a "buy" rating on shares of Cognizant Technology Solutions Corp.in a research report on Saturday, July 9th. They noted that the move was a valuation call.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.1 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The company has an average rating of "Buy" and an average target price of $74.07. If you are reading this article on another site, it was illegally stolen and republished in violation of USA and worldwide copyright laws. The correct version of this news story can be viewed at https://www.truebluetribune.com/2017/10/27/fulton-bank-n-a-raises-holdings-in-cognizant-technology-solutions-corporation-ctsh.html. 4,205 Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares with value of $280,693 were sold by KRISHNASWAMY VENKAT. The disposition, at a price of $73.89, resulted in Sean Middleton bringing total 2937 shares. Also, insider Debashis Chatterjee sold 2,190 shares of the business's stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $71.02, for a total transaction of $2,272,640.00. President - Digital Operations Sumithra Gomatam disclosed the sale of 8,000 shares of (CTSH).

The SMA200 of the stock is at 14.93%, SMA20 is 1.23%, while SMA50 is 3.38%.

Cognizant Technology Solutions (NASDAQ:CTSH) has been the object of insider selling activity recently. Looking at volatility levels, the stock observed volatility of 0.94% in last week and saw volatility 0.98% over the past one month. Cognizant Technology Solutions Corporation has a 1-year low of $50.86 and a 1-year high of $75.50. The firm is having a distance of 1.73% form 20 day moving average, SMA 50 of 3.99% and a SMA 200 of 15.53%. The stock has a market cap of $44.53 billion, a price-to-earnings ratio of 24.19 and a beta of 1.12. Cognizant Technology Solutions Corp.'s revenue was up 9.2% compared to the same quarter previous year. The information technology service provider reported $0.93 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.82 by $0.11. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since October 27, 2016 and is uptrending. The company's quarterly revenue was up 8.9% on a year-over-year basis. The firm has a market capitalization of $30.92 billion, a P/E ratio of 20.54 and a beta of 1.43. On average, equities research analysts predict that Cognizant Technology Solutions Corp. will post $3.38 earnings per share for the current fiscal year. CHINTAMANENI RAMAKRISHNA PRASAD sold $361,800 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Thursday, May 25. 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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