6 told as a HOLD the stock.
A number of hedge funds have recently bought and sold shares of CTSH. For the past 20 years, the IT services provider has followed a strategy of keeping operating margins at 19 percent to 20 percent. It has underperformed by 17.57% the S&P500.
EPS growth in next year is estimated to reach 8.45% while EPS growth estimate for this year is set at 12.70%. The average forecast of sales for the year ending Dec 16 is $7.74B by 11 analysts. In contrast to the year ago quarter EPS was at 0.93.
What Analysts Say About Edwards Lifesciences Corp. Strong Sell. Investors might also notice that two months ago the Buy recommendations (3) outnumbered Sell recommendations (1). This means 62% are positive. Cantor Fitzgerald reiterated a "buy" rating and issued a $68.00 target price on shares of Cognizant Technology Solutions Corp.in a research note on Tuesday, November 8th.
William Blair lowered shares of Cognizant Technology Solutions Corp.
09/15/2016 - Cognizant Technology Solutions Corporation was downgraded to "neutral" by analysts at Goldman Sachs. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for sell. "Improved margins, capital allocation - multiple re-rating".
Jesse Cohn, the 36-year old head of US activism at hedge fund Elliott Management, is in the midst of one of the busiest years on Wall Street as he shakes up underperforming IT, software and security companies ranging from Citrix to Symantec and LifeLock.
Mr. Wiser said the cost of maintaining IT operations would continue to decrease as it becomes cheaper for companies such as Hearst to develop internal applications thanks to the rise of cloud-based applications that require little or no customization. Its down 0.04, from 0.97 in 2016Q1.
The hedge fund had succeeded in pushing USA identity theft protection services company LifeLock Inc to sell itself. 67 funds bought stakes while 278 increased positions. Accenture has achieved 1-year, 3-year and 5-year TSR outperformance vs. The monthly stock performance comes in at 4.68%. There were earnings of $0.51 per share. The count of Hold ratings in that period was 0. Boston Prtn reported 51,768 shares or 0% of all its holdings. Cognizant Technology Solutions Corporation Business Software & Services has a PEG of 1.95 alongside a PS value of 2.61 and a PB value of 3.35.
Cognizant is a $35.0-billion IT outsourcing firm that provides outsourcing, consulting, and technology services to the health-care, financial services, manufacturing, and retail industries. Institutional investors own 84.02% of the company's stock. First Tru Advsrs L P, a Illinois-based fund reported 372,662 shares. Independent Consultants has 0.19% invested in the company for 10,396 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 12 sales for $33.34 million net activity. (NYSE:OMC) traded 1.21 Million shares and was closed at $88.20 per share. Shares for $11.54M were sold by DSOUZA FRANCISCO on Thursday, July 28.
Having a price of $56.95, Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded 6.95% higher on the day. (NASDAQ:CTSH) last released its quarterly earnings results on Monday, November 7th. Cognizant Technology Solutions Corporation P/E (price to earnings) ratio is 22.27 and Forward P/E ratio of 15.57. The Market Capitalization of the company stands at 34.55 Billion. Visit MarketWatch.com for more information on this news.