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The Analysts' Weekly Ratings Changes for Cognizant Technology Solutions Corporation (CTSH)

28 June 2017

Cognizant Technology Solutions Corp (NASDAQ:CTSH) exchanged hands 3.43M shares versus average trading capacity of 4.21M shares. Koshinski Asset Management Inc. now owns 3,930 shares of the information technology service provider's stock valued at $234,000 after buying an additional 130 shares during the period. Cognizant Technology Solutions Corporation earned a news sentiment score of 0.18 on Accern's scale. Norinchukin Commercial Bank The stated it has 0.05% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Boston Common Asset Management LLC now owns 93,308 shares of the information technology service provider's stock worth $5,554,000 after buying an additional 621 shares in the last quarter. Pzena Investment Management LLC raised its position in Cognizant Technology Solutions Corporation by 41.9% in the first quarter. Gratus Capital LLC now owns 5,039 shares of the information technology service provider's stock valued at $282,000 after buying an additional 39 shares during the period. Finally, Pacific Crest reiterated an "overweight" rating and issued a $75.00 target price (up from $73.00) on shares of Cognizant Technology Solutions Corporation in a research report on Thursday, June 1st. The California-based Golub Gp has invested 1.91% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Brown Advisory Inc. now owns 6,572,999 shares of the information technology service provider's stock worth $368,286,000 after buying an additional 27,299 shares in the last quarter. Finally, Municipal Employees Retirement System of MI increased its position in shares of Cognizant Technology Solutions Corporation by 0.9% in the first quarter. The stock declined 1.07% or $0.72 reaching $66.74 per share. $199,485 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares were sold by Veeraraghavachary Srinivasan. Addenda Capital Inc who had been investing in Cognizant Technology Solutio for a number of months, seems to be bullish on the $39.40 billion market cap company. The company has a 50-day moving average price of $65.51 and a 200 day moving average price of $59.56.

In Business Software & Services Industry, Cognizant Technology Solutions Corporation (CTSH) have 595.93 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned "Neutral" rating by Citigroup on Monday, October 3. The information technology service provider reported $0.84 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.75 by $0.09. An investor can gauge a fair estimate of how it's going to play out in the future by looking at the analysts' forecasts in the years ahead.While the change in a company's asset turnover ratio is important in assessing the quality of ROE, an equally important aspect is its comparison to the industry average.

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Addenda Capital Inc increased its stake in Cognizant Technology Solutio (CTSH) by 15.65% based on its latest 2016Q4 regulatory filing with the SEC. The firm's revenue for the quarter was up 10.7% compared to the same quarter previous year. Zooming in closer, company stock has been 12.69% for the quarter, -0.39% over the past month, and -1.10% over the past week. On Tuesday, May 23 CHINTAMANENI RAMAKRISHNA PRASAD sold $242,352 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 3,672 shares.

The company also announced a dividend that was paid on Wed May 31, 2017. Apriem Advisors owns 0% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 90 shares. The ex-dividend date was set for Thursday the 18th of May 2017. This represents a $0.60 annualized dividend and a dividend yield of 0.89%. Cognizant Technology Solutions Corporation's dividend payout ratio (DPR) is presently 21.90%. "Has $45.29 Million Position in Cognizant Technology Solutions Corporation (CTSH)" was first reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another website, it was copied illegally and republished in violation of USA & worldwide trademark & copyright laws. INDUS had 38 analyst reports since August 4, 2015 according to SRatingsIntel. SunTrust Banks, Inc. upgraded Cognizant Technology Solutions Corporation from a "hold" rating to a "buy" rating and set a $70.00 price objective on the stock in a report on Thursday, April 13th. Finally, Cantor Fitzgerald reissued a "buy" rating and issued a $67.00 price objective on shares of Cognizant Technology Solutions Corporation in a research report on Monday, May 15th. BidaskClub raised shares of Cognizant Technology Solutions Corporation from a "buy" rating to a "strong-buy" rating in a research note on Thursday, June 22nd.

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A few investment firms have released opinions on Cognizant Technology Solutions. Middleton Sean had sold 1,890 shares worth $117,180. The shares were sold at an average price of $62.50, for a total transaction of $750,000.00. Nea Management Company Llc owns 4.67 million shares or 1.06% of their United States portfolio. The sale was disclosed in a filing with the SEC, which is available through this link. Short shares fell 5,052,833 over that period. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Following the transaction, the insider now directly owns 20,047 shares of the company's stock, valued at $1,363,196. The disclosure for this sale can be found here. Actually selling stocks on strength is a proactive trading strategy implemented by selling out of a long or into a short position when the price of the stock being traded is still gaining an upward momentum but will come back soon. Its consulting and technology services include business, process, operations and technology consulting, application development and systems integrations, application testing, enterprise information management and software solutions and related services. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other.

Microsoft announces four week Family Caregiver leave benefit
John Challenger, CEO of Challenger, Gray & Christmas said companies are very concerned about recruiting and retaining top talent. Microsoft Corporation (NASDAQ: MSFT ) is expanding its employee's paid leave who need to take of a sick relative.