Brokers Issue New Targets On Cognizant Technology Solutions Corporation (NASDAQ:CTSH)
- Author: Zachary Reyes Jun 16, 2017,
Jun 16, 2017, 7:29
Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Eastern Bankshares, a Massachusetts-based fund reported 6,700 shares. The SI to Esperion Therapeutics Incorporated's float is 32.2%. About 232,510 shares traded. Esperion Therapeutics Inc (NASDAQ:ESPR) has risen 133.75% since June 15, 2016 and is uptrending. It has outperformed by 0.16% the S&P500.
Now the shares of Cognizant Technology Solutions Corporation (CTSH) has the trading volume of 4.59 Million shares with the average trading volume of 4100 shares.
The stock decreased 0.03% or $0.02 during the last trading session, reaching $66.29. About 750,201 shares traded. It has underperformed by 6.21% the S&P500.
Since February 23, 2017, it had 0 insider purchases, and 23 selling transactions for $9.31 million activity. KRISHNASWAMY VENKAT sold $271,000 worth of stock or 4,000 shares. $1.84 million worth of Microsoft Corporation (NASDAQ:MSFT) shares were sold by COURTOIS JEAN PHILIPPE. Rubenfaer William S. had bought 2,500 shares worth $112,300 on Tuesday, May 16.
Equity Research firms now have a positive stance on shares of Zebra Technologies Corporation (NASDAQ:ZBRA). 690 shares were sold by CHATTERJEE DEBASHIS, worth $46,230 on Thursday, May 25. Another trade for 49,477 shares valued at $3.19M was sold by CHINTAMANENI RAMAKRISHNA PRASAD. Thrivent Financial for Lutherans now owns 1,931,690 shares of the real estate investment trust's stock worth $51,305,000 after buying an additional 25,400 shares during the last quarter. It also reduced Cincinnati Financial Corp (NASDAQ:CINF) stake by 4,570 shares and now owns 3,585 shares. The net percent change held by Institutional Investors has seen a change of 0.34% in last three month period. It is positive, as 23 investors sold Agree Realty Corporation shares while 34 reduced holdings. 103 funds opened positions while 243 raised stakes. 170.81 million shares or 0.92% less from 172.40 million shares in 2016Q3 were reported. 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. Ameriprise Finance Inc, Minnesota-based fund reported 132,525 shares. (NYSE:MRK). Riggs Asset Managment Company holds 0.04% or 1,293 shares. Lombard Odier Asset Management (Europe) Limited reported 7,688 shares. For our stock under consideration here, Cognizant Technology Solutions Corporation (CTSH) has distance from 20 Day SMA is 0.18% while its distance from 50 day SMA is 6.27%. Moreover, Edgewood Mgmt Ltd has 5.22% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 14.15 million shares. Cowen & Co initiated Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Friday, February 19 with "Outperform" rating. Eaton Vance Mngmt invested in 0% or 5,005 shares.
Cognizant Technology Solutions Corporation (CTSH) has a market capitalization of 39.13 Billion which suggests the company is a huge company further suggesting that the shares of Cognizant Technology Solutions Corporation (CTSH) are stable and safe compared to the lower market capitalization companies. Glenmede Tru Communication Na accumulated 805,344 shares. (NASDAQ:YHOO) for 2.42M shares. Sumitomo Mitsui Incorporated holds 0% in Agree Realty Corporation (NYSE:ADC) or 26,572 shares. Pzena Management Lc invested in 1.26 million shares or 0.42% of the stock. Etrade Capital Limited Com invested 0.02% in Yahoo! Inc. On average, equities research analysts forecast that Realty Income Corp will post $1.23 earnings per share for the current fiscal year. BidaskClub lowered shares of Cognizant Technology Solutions Corporation from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Therefore 33% are positive. $601,445 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by SINHA DHARMENDRA KUMAR on Tuesday, May 16. The rating was initiated by Sterne Agee CRT with "Neutral" on Thursday, December 17. The company was upgraded on Thursday, April 13 by SunTrust. CLSA downgraded the shares of CTSH in report on Wednesday, September 14 to "Underperform" rating. Compass Point maintained the shares of ADC in report on Wednesday, October 28 with "Buy" rating. The rating was downgraded by Citigroup to "Neutral" on Friday, September 30. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since June 15, 2016 and is uptrending. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover KIM having a buy-equivalent rating. The company was maintained on Tuesday, May 9 by RBC Capital Markets. Barclays Capital maintained it with "Equal-Weight" rating and $70 target in Thursday, March 31 report. The stock presently has a consensus rating of "Buy" and an average price target of $29.00. The company was downgraded on Monday, July 18 by BMO Capital Markets. The Firm is a late-stage pharmaceutical firm focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol. It now has negative earnings.
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