Cognizant Technology Solutions Corp (CTSH) Stock Is An 52-Week High Flier

September 12, 2017 - By Henry Gaston

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.04, from 0.93 in 2016Q3. It dived, as 82 investors sold Cognizant Technology Solutions Corp shares while 305 reduced holdings. 103 funds opened positions while 243 raised stakes. 513.54 million shares or 2.92% more from 498.98 million shares in 2016Q3 were reported.
Capstone Asset Mgmt Com holds 52,108 shares or 0.08% of its portfolio. Gryphon International Invest Corporation holds 197,164 shares or 3.2% of its portfolio. Cohen Klingenstein Limited Liability Corp holds 0.22% or 22,660 shares. Checchi Cap Advisers Ltd Liability Com stated it has 6,743 shares or 0.05% of all its holdings. Huntington National Bank & Trust has invested 0.04% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Addenda Cap accumulated 149,641 shares or 0.65% of the stock. Bridges Inv Counsel holds 17,270 shares. Badgley Phelps Bell reported 0.97% stake. Guggenheim Cap Lc has invested 0.19% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Vanguard Gru Inc has invested 0.12% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Independent Portfolio Consultants Inc accumulated 13,796 shares or 0.25% of the stock. Moore Lp holds 180,000 shares or 0.33% of its portfolio. British Columbia Mngmt Corporation holds 0.35% or 712,199 shares in its portfolio. Metropolitan Life Comm Ny stated it has 328,454 shares or 0.13% of all its holdings. Wendell David holds 0.37% or 33,206 shares in its portfolio.

Since March 13, 2017, it had 0 insider buys, and 20 selling transactions for $8.33 million activity. On Thursday, May 4 the insider Veeraraghavachary Srinivasan sold $750,000. On Monday, June 5 KRISHNASWAMY VENKAT sold $271,000 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 4,000 shares. 4,186 shares were sold by Shaheen Allen, worth $282,815 on Tuesday, June 6. Kandiah Gajakarnan Vibushanan sold $99,000 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Tuesday, May 23. $361,800 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by CHINTAMANENI RAMAKRISHNA PRASAD on Thursday, May 25. 1,524 shares valued at $99,060 were sold by CHATTERJEE DEBASHIS on Tuesday, May 16. On Friday, May 5 the insider Middleton Sean sold $117,180.

The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) hit a new 52-week high and has $76.63 target or 6.00 % above today’s $72.29 share price. The 5 months bullish chart indicates low risk for the $42.70 billion company. The 1-year high was reported on Sep, 12 by Barchart.com. If the $76.63 price target is reached, the company will be worth $2.56B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 446,354 shares traded. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since September 12, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) Ratings Coverage

Among 28 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 19 have Buy rating, 2 Sell and 7 Hold. Therefore 68% are positive. Cognizant Technology Solutions Corp. had 54 analyst reports since August 6, 2015 according to SRatingsIntel. Bank of America downgraded the shares of CTSH in report on Tuesday, November 22 to “Underperform” rating. Wedbush initiated it with “Neutral” rating and $65 target in Friday, September 9 report. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned “Hold” rating by Loop Capital on Tuesday, January 10. Monness Crespi & Hardt maintained the shares of CTSH in report on Thursday, November 5 with “Buy” rating. The rating was maintained by Argus Research with “Buy” on Tuesday, August 11. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, January 31. As per Friday, July 28, the company rating was maintained by Cowen & Co. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, July 12 report. The firm has “Buy” rating by Jefferies given on Monday, October 10. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 3.

More notable recent Cognizant Technology Solutions Corp (NASDAQ:CTSH) news were published by: Nasdaq.com which released: “Schwartz Investment Counsel Inc Buys Hexcel Corp, Cognizant Technology …” on August 11, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: Cognizant Technology Solutions, Alaska Air Group and Moody’s” published on August 16, 2017, Seekingalpha.com published: “Cognizant Technology Solutions (CTSH) Q1 2017 Results – Earnings Call Transcript” on May 05, 2017. More interesting news about Cognizant Technology Solutions Corp (NASDAQ:CTSH) were released by: Nasdaq.com and their article: “Agree To Buy Cognizant Technology Solutions Corp. At $40, Earn 2.2% Using Options” published on June 16, 2017 as well as Seekingalpha.com‘s news article titled: “Cognizant Technology Solutions (CTSH) Q2 2017 Results – Earnings Call Transcript” with publication date: August 03, 2017.

Cognizant Technology Solutions Corporation is a professional services company. The company has market cap of $42.70 billion. The Firm operates through four divisions: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. It has a 23.15 P/E ratio. The Financial Services segment includes clients providing banking/transaction processing, capital markets and insurance services.

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