Economy

Capital LLC Acquires New Stake in Cognizant Technology Solutions Corp (CTSH)

The hedge fund run by Alan Fournier held 1.08M shares of the edp services company at the end of 2017Q2, valued at $71.39 million, down from 1.50 million at the end of the previous reported quarter. The stock increased 0.61% or $0.11 during the last trading session, reaching $18.09. The volume of CTSH witnessed a shift from 3.26 million shares, based on a 50-day average, to 3.05 million shares. The other 24, though not evenly; between analysts who think you should buy Cognizant Technology Solutions Corporation versus those who think you should sell it. It has underperformed by 11.20% the S&P500. It operates through the following segments: Financial Services, Healthcare, Manufacturing, Retail and Logistics, and Other. The stock has a market cap of $41,463.84, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07. The companyÂ's deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The stock decreased 2.03% or $0.8989 during the last trading session, reaching $43.3111. Vanguard holds 40.54M shares.

Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) has a Price to Book ratio of 3.881918. It has outperformed by 28.99% the S&P500. Over the last ninety days, insiders sold 652,042 shares of company stock worth $47,088,347. Evercore Trust Company N.A. owns 21.95 million shares or 13.26% of their USA portfolio.

Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. Point72 Asia (Hong Kong) Ltd, a Hong Kong-based fund reported 734 shares.

In addition to price, analysts use volume trends to predict future performance. During the last 52 weeks, the (NASDAQ:CTSH) price has been as high as $76.51 and as low as $51.52. $79's average target is 11.83% above currents $70.64 stock price. Jefferies maintained the shares of CTSH in report on Monday, October 10 with "Buy" rating. Credit Suisse has "Buy" rating and $89.0 target. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has "Neutral" rating given on Friday, September 30 by Citigroup. Shareholders of record on Tuesday, May 23rd were paid a $0.15 dividend. Morgan Stanley maintained the stock with "Underweight" rating in Thursday, August 17 report.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on January, 26. From the start of the calendar year, shares have been 25.70%. BBT's profit will be $631.14 million for 15.54 P/E if the $0.80 EPS becomes a reality. The company's quarterly EPS surprised Wall Street by as much as 3% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

Davis R M Inc decreased Amphenol Corp (NYSE:APH) stake by 19,988 shares to 567,873 valued at $41.92M in 2017Q2. Cushing Asset Lp owns 781,450 shares. Discover Finl Svcs (NYSE:DFS) was raised too. Moreno Evelyn V boosted its stake in shares of Cognizant Technology Solutions Corp by 15.7% in the first quarter. Therefore 77% are positive. Cognizant Technology Solutions Corp has a 1-year low of $45.44 and a 1-year high of $67.34. (NASDAQ:BIOS) on Wednesday, August 12 with "Buy" rating. Dalton Investments Ltd Liability Corporation holds 8.01% or 320,422 shares. Finally, Wedbush reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Cognizant Technology Solutions Corp in a research note on Tuesday, February 7th. Also, insider Gajakarnan Vibushanan Kandiah sold 1,954 shares of the business's stock in a transaction on Friday, September 8th. William Blair downgraded Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Wednesday, November 23 to "Market Perform" rating. On Tuesday, November 22 the stock rating was downgraded by Bank of America to "Underperform". The rating was initiated by Cantor Fitzgerald with "Buy" on Friday, October 16.

Value investors will surely go for the low or decreasing P/FCF totals and reasonably low stock share prices. Its down 0.15, from 0.91 in 2017Q1. It is negative, as 53 investors sold CTSH shares while 330 reduced holdings. 86 funds opened positions while 205 raised stakes.

Cognizant Technology Solutions Corporation is maintained at an average outperform rating by 33 stock analysts, and there are at least 1.73% of shares outstanding that are now legally short sold. Palladium Partners Limited Liability Corporation reported 96,200 shares. Moreover, De Burlo Group Inc has 1.73% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Cognizant Technology Solutions Corporation (CTSH) has risen 5.50% since December 6, 2016 and is uptrending. The Florida-based Peninsula Asset Mngmt has invested 1.89% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). The information technology service provider reported $0.98 EPS for the quarter, beating the Zacks' consensus estimate of $0.85 by $0.13. Zurcher Kantonalbank (Zurich Cantonalbank) holds 181,915 shares. Pictet Asset Ltd accumulated 0.1% or 506,461 shares. RBC Capital Markets maintained the stock with "Buy" rating in Friday, October 6 report. 1,479 were reported by Pathstone Family Office Ltd Llc. (NASDAQ:BIOS). 101,000 were reported by Marathon Capital Mngmt. Pitcairn Co reported 11,211 shares. The level of trading activity in a stock is often a good proxy for the level of interest and enthusiasm for the name within the investment community. D E Shaw And has 1.53 million shares. Pinnacle Ltd holds 19,500 shares or 0% of its portfolio.

Earnings-per-share (EPS) ratio for CTSH is 3.23, exhibiting the allocation of the profit to each of its outstanding share of common stock.



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