Societe Generale Initiates Coverage on Cognizant Technology Solutions Corp to Buy

Societe Generale Initiates Coverage on Cognizant Technology Solutions Corp(NASDAQ:CTSH). The shares have been rated Buy. The rating by Societe Generale was issued on Sep 26, 2016.

In a different note, On Sep 15, 2016, Goldman Sachs said it Downgrades its rating on Cognizant Technology Solutions Corp. In the research note, the firm Lowers the price-target to $68.00 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 14, 2016, CLSA said it Downgrades its rating on Cognizant Technology Solutions Corp. The shares have been rated ‘Underperform’ by the firm. On Sep 14, 2016, CLSA said it Maintains its rating on Cognizant Technology Solutions Corp. In the research note, the firm Lowers the price-target to $70.00 per share. The shares have been rated ‘Buy’ by the firm. Wedbush said it Initiates Coverage on Cognizant Technology Solutions Corp, according to a research note issued on Sep 9, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 8, 2016, Nomura said it Downgrades its rating on Cognizant Technology Solutions Corp. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Citigroup said it Maintains its rating on Cognizant Technology Solutions Corp. In the research note, the firm Lowers the price-target to $71.00 per share. The shares have been rated ‘Buy’ by the firm.

Cognizant Technology Solutions Corp (CTSH) made into the market gainers list on Thursdays trading session with the shares advancing 1.42% or 0.76 points. Due to strong positive momentum, the stock ended at $54.21, which is also near the day’s high of $54.32. The stock began the session at $54.03 and the volume stood at 50,48,459 shares. The 52-week high of the shares is $69.8 and the 52 week low is $51.22. The company has a current market capitalization of $32,902 M and it has 60,69,42,840 shares in outstanding.

Cognizant Technology Solutions Corp(CTSH) last announced its earnings results on Aug 5, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.37B. Analysts had an estimated revenue of $3.37B. Earnings per share were $0.87. Analysts had estimated an EPS of $0.82.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Malcolm Frank (Exec. VP, Strategy & Marketing) sold 1,248 shares at $58.50 per share price.Also, On Aug 9, 2016, Karen Mcloughlin (Chief Financial Officer) sold 20,000 shares at $60.00 per share price.On Jul 29, 2016, Francisco Dsouza (Chief Executive Officer) sold 200,000 shares at $57.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Cognizant Technology Solutions Corporation is a provider of information technology (IT) consulting and business process services. The Company operates in four segments: Financial Services segment which include banking and insurance; Healthcare segment which includes healthcare and life sciences and Manufacturing/Retail/Logistics segment which includes manufacturing and logistics; retail travel and hospitality and consumer goods and Other segment which includes Communications Manufacturing/Retail/Logistics and High Technology. The Companies competencies include business process operations and IT consulting application development and systems integration enterprise information management (EIM) application testing application maintenance IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting information technology and outsourcing services including consulting and technology services and outsourcing services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Cognizant Technology Solutions Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cognizant Technology Solutions Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.