Other hedge funds also recently made changes to their positions in the company. Gateway Advisers Ltd stated it has 0.24% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). The institutional investor owned 187,728 shares of the information technology service provider's stock after selling 22,388 shares during the period.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 16.04% since January and is up 1.20% for the past week.
04/13/2017 - Cognizant Technology Solutions Corporation was upgraded to "buy" by analysts at SunTrust. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/05/21/korea-investment-corp-has-11-174-million-stake-in-cognizant-technology-solutions-corp-ctsh-updated-updated.html. The information technology service provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. SRB Corp purchased a new position in shares of Cognizant Technology Solutions Corp during the third quarter valued at approximately $136,000.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded up 0.62% during midday trading on Friday, reaching $65.42.
Cognizant Technology Solutions Corporation has a 50 day moving average of 60.51 and a 200 day moving average of 57.43. The company has market cap of $2.60 billion.
02/06/2017 - Cognizant Technology Solutions Corporation had its " rating reiterated by analysts at BMO Capital Markets. Korea Investment CORP's holdings in Cognizant Technology Solutions Corp were worth $11,174,000 at the end of the most recent reporting period. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned "Buy" rating by UBS on Thursday, August 18. This represents an increase of approximately 798% compared to the typical daily volume of 2,310 call options. Finally, First Capital Advisors Group LLC. bought a new stake in Cognizant Technology Solutions Corp during the fourth quarter valued at about $207,000. The consensus mean EPS for the current quarter is at $0.91 derived from a total of 27 estimates from the analysts who have weighed in on projected earnings.
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05/08/2017 - Cognizant Technology Solutions Corporation had its " rating reiterated by analysts at Robert W. Baird. One obvious way to identify high earnings per share growth companies is to find companies that have demonstrated such growth over the past 5 to 10 years. During the same period past year, the firm earned $0.80 EPS.
02/09/2017 - Cognizant Technology Solutions Corporation had its "overweight" rating reiterated by analysts at Cantor Fitzgerald.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. The 52-week high of the share price is -0.35% and 52-week low of the share price is 43.09%. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $0.60 annualized dividend and a yield of 0.92%.
WARNING: This piece of content was reported by [[site]] and is owned by of [[site]]. If you are reading this piece on another site, it was illegally stolen and reposted in violation of global copyright and trademark law. Oppenheimer Holdings Inc. reissued an "outperform" rating and issued a $60.00 target price (down previously from $68.00) on shares of Cognizant Technology Solutions Corp in a research report on Thursday, February 9th. Finally, Credit Suisse Group AG set a $70.00 price target on Cognizant Technology Solutions Corp and gave the stock a "buy" rating in a report on Saturday, May 6th.
Additionally on 3/29/17 Berenberg "Initiates Coverage On" Cognizant Tech Sol (NASDAQ:CTSH) to Hold setting price target at $0 and on 1/31/17 Morgan Stanley "Downgrades" the stock to Equal-Weight at $0. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. On Friday, August 21 the stock rating was maintained by Citigroup with "Buy". Also, insider Sean Middleton sold 1,890 shares of the firm's stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $59.21, for a total value of $547,278.03. The expected future growth in earnings per share ("EPS") is an incredibly important factor in identifying an under-valued stock. Following the sale, the chief financial officer now directly owns 35,741 shares of the company's stock, valued at $2,101,570.80. The disclosure for this sale can be found here. Insiders sold 36,910 shares of company stock valued at $2,257,677 in the last 90 days.
Cognizant Tech Solutions now has $38.30 billion valuation. The Company, through its principal bank subsidiary, BancorpSouth Bank, conducts commercial banking and financial services activities in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and IL.