Inc. Decreases Position in Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Mae Love
December 7, 2017

The firm owned 24,336 shares of the information technology service provider's stock after selling 33,753 shares during the period. WFG Advisors LP now owns 1,958 shares of the information technology service provider's stock worth $130,000 after buying an additional 621 shares in the last quarter. Cognizant Technology Solutio now has $41.77 billion valuation. The stock increased 0.84% or $0.59 during the last trading session, reaching $70.91. About 4.57M shares traded or 49.99% up from the average. BB&T Corporation (BBT) has risen 20.68% since December 6, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Among 44 analysts covering Netapp Inc. The stock has "Sell" rating by Zacks on Monday, August 10. Therefore 32% are positive. The stock has "Buy" rating by RBC Capital Markets on Thursday, August 3. The rating was maintained by Monness Crespi & Hardt with "Buy" on Thursday, November 5. On Wednesday, October 11 the stock rating was maintained by Jefferies with "Buy". On Thursday, June 8 the stock rating was downgraded by HSBC to "Hold". Loop Capital upgraded the shares of CTSH in report on Friday, August 4 to "Buy" rating. Cushing Asset Lp owns 781,450 shares. BT Investment Management Ltd purchased a new stake in Cognizant Technology Solutions during the 2nd quarter worth approximately $83,134,000. International Business Machs (NYSE:IBM) was raised too. Acrospire Investment Management LLC boosted its holdings in Cognizant Technology Solutions by 92.6% during the second quarter. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Finally, KeyCorp restated a "buy" rating and issued a $79.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, September 8th.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. On Wednesday, November 1 the stock rating was maintained by Cowen & Co with "Buy". The company has a consensus rating of "Buy" and an average target price of $81.91. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned "Underperform" rating by Bank of America on Tuesday, November 22. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has "Neutral" rating given on Friday, September 9 by Wedbush. The company has managed to keep price to sales ratio of 2.27 against an industry average of 3.08. Barclays Capital maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Monday, October 30 with "Overweight" rating.

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Value investors will surely go for the low or decreasing P/FCF totals and reasonably low stock share prices. Its down 0.28, from 1.35 in 2017Q1. It worsened, as 53 investors sold CTSH shares while 330 reduced holdings. 86 funds opened positions while 205 raised stakes. FMR LLC now owns 25,065,752 shares of the information technology service provider's stock valued at $1,664,366,000 after purchasing an additional 11,262,360 shares during the period. The New York-based Gotham Asset Limited Liability Company has invested 0.01% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). During the same quarter in the previous year, the business posted $0.86 earnings per share. analysts forecast that Cognizant Technology Solutions Corp will post 3.35 EPS for the current year. The EBITDA Yield for Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) is 0.069706.

At the time of writing, Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) has a Piotroski F-Score of 6. Cognizant Technology Solutions Corp has a 52-week low of $51.52 and a 52-week high of $76.51. Mitsubishi Ufj Secs Communication accumulated 180 shares. It also reduced Cvs Health Corporation (NYSE:CVS) stake by 3,845 shares and now owns 6,587 shares. Congress Asset Mngmt Company Ma invested in 0.1% or 80,073 shares. Following the sale, the insider now owns 10,515 shares of the company's stock, valued at approximately $749,298.90. Becker Cap Mngmt accumulated 8,350 shares. Utah Retirement stated it has 0.17% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 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. Dillon & Assoc has 1.07% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 39,377 shares. Cognizant Technology Solutions makes up 1.7% of Pegasus Partners Ltd.'s portfolio, making the stock its 6th largest holding. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The firm has a market cap of $42,077.07, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.07. It offers flash; flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; hybrid cloud; ONTAP cloud storage data management service; NetApp cloud sync hybrid data management Software as a Service; NetApp private storage for cloud; and AltaVault cloud-integrated solutions. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

The company had seen its current volume reaching at 5.92 million shares in the last trade.

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