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What’s Cognizant Tech Solutions Class A (NASDAQ:CTSH) Upside After This Short Interest Decrease?

What’s Cognizant Tech Solutions Class A (NASDAQ:CTSH) Upside After This Short Interest Decrease?

September 12, 2017 - By Louis Casey

 What's Cognizant Tech Solutions Class A (NASDAQ:CTSH) Upside After This Short Interest Decrease?

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.
Wasatch Advisors Incorporated holds 56,747 shares or 0.05% of its portfolio. One Trading L P holds 8,229 shares or 0% of its portfolio. Strs Ohio holds 416,526 shares or 0.1% of its portfolio. D E Shaw & Inc reported 59,165 shares. Cadence Ltd Liability Corp reported 11,705 shares. Ccm Inv Advisers Llc reported 3,975 shares or 0.05% of all its holdings. Tpg Gru Holdings (Sbs) Advsr owns 213,353 shares or 0.13% of their US portfolio. Blb&B Advisors Limited Liability Corp stated it has 3,600 shares or 0.04% of all its holdings. Alta Mngmt Llc owns 702,926 shares for 2.83% of their portfolio. Cambridge Tru Company owns 0.98% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 247,321 shares. Arizona State Retirement System stated it has 0.12% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH). First Tru Advisors L P holds 0.16% in Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 959,573 shares. Geneva Advisors Ltd Llc reported 0.21% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). State Of Tennessee Treasury Department accumulated 328,061 shares or 0.1% of the stock. The New York-based Howe Rusling Inc has invested 0% in Cognizant Technology Solutions Corp (NASDAQ:CTSH).

Since March 13, 2017, it had 0 insider purchases, and 20 selling transactions for $8.33 million activity. 4,186 Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares with value of $282,815 were sold by Shaheen Allen. CHINTAMANENI RAMAKRISHNA PRASAD had sold 5,400 shares worth $361,800 on Thursday, May 25. The insider Veeraraghavachary Srinivasan sold $750,000. Middleton Sean sold $113,400 worth of stock. 9,253 shares valued at $601,445 were sold by SINHA DHARMENDRA KUMAR on Tuesday, May 16. Shares for $674,365 were sold by Kandiah Gajakarnan Vibushanan on Tuesday, June 6.

The stock of Cognizant Tech Solutions Class A (NASDAQ:CTSH) registered a decrease of 9.61% in short interest. CTSH’s total short interest was 12.51M shares in September as published by FINRA. Its down 9.61% from 13.84M shares, reported previously. With 4.24M shares average volume, it will take short sellers 3 days to cover their CTSH’s short positions.

About 433,914 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 Corporation is a professional services company. The company has market cap of $42.69 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.

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. Oppenheimer maintained it with “Buy” rating and $8000 target in Tuesday, June 13 report. The company was maintained on Tuesday, February 9 by RBC Capital Markets. As per Thursday, September 10, the company rating was initiated by SunTrust. The firm has “Buy” rating by SunTrust given on Thursday, April 13. Cantor Fitzgerald initiated Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Friday, October 16 with “Buy” rating. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) has “Buy” rating given on Friday, July 28 by Cowen & Co. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) has “Neutral” rating given on Thursday, September 15 by Goldman Sachs. The firm earned “Buy” rating on Monday, September 26 by Societe Generale. As per Monday, August 10, the company rating was upgraded by Zacks. The company was maintained on Tuesday, September 5 by RBC Capital Markets.

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

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