Cognizant Technology Solutions (CTSH) Reaches $74.15 After 7.00% Up Move; Barclays Plc Has Cut Its Blackhawk Network Hldgs (HAWK) Position

October 12, 2017 - By Nellie Frank

The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) is a huge mover today! About 333,954 shares traded. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since October 12, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.The move comes after 5 months positive chart setup for the $43.79B company. It was reported on Oct, 12 by Barchart.com. We have $79.34 PT which if reached, will make NASDAQ:CTSH worth $3.07 billion more.

Barclays Plc decreased Blackhawk Network Hldgs Inc (HAWK) stake by 21.42% reported in 2017Q2 SEC filing. Barclays Plc sold 16,569 shares as Blackhawk Network Hldgs Inc (HAWK)’s stock rose 16.53%. The Barclays Plc holds 60,783 shares with $2.65M value, down from 77,352 last quarter. Blackhawk Network Hldgs Inc now has $2.09 billion valuation. The stock declined 16.38% or $7.24 reaching $36.96 per share. About 3.29 million shares traded or 710.11% up from the average. Blackhawk Network Holdings Inc (NASDAQ:HAWK) has risen 34.41% since October 12, 2016 and is uptrending. It has outperformed by 17.71% the S&P500.

Analysts await Cognizant Technology Solutions Corp (NASDAQ:CTSH) to report earnings on November, 6. They expect $0.85 earnings per share, up 4.94% or $0.04 from last year’s $0.81 per share. CTSH’s profit will be $501.98 million for 21.81 P/E if the $0.85 EPS becomes a reality. After $0.87 actual earnings per share reported by Cognizant Technology Solutions Corp for the previous quarter, Wall Street now forecasts -2.30% negative EPS growth.

Investors sentiment decreased to 0.76 in 2017 Q2. Its down 0.15, from 0.91 in 2017Q1. It fall, as 53 investors sold Cognizant Technology Solutions Corp shares while 330 reduced holdings. 86 funds opened positions while 205 raised stakes. 503.05 million shares or 1.75% less from 512.00 million shares in 2017Q1 were reported. Hl Finance Ltd invested in 72,772 shares. Gradient Invests Ltd Com reported 0% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Moreover, Wfg Advisors Lp has 0.03% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 1,958 shares. Comm Bank has 0.01% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Jane Street Gp Ltd Co owns 10,510 shares for 0% of their portfolio. 4,000 are owned by Natl Planning. Diamond Hill reported 1.22M shares or 0.44% of all its holdings. California Employees Retirement System has 1.28 million shares for 0.14% of their portfolio. Levy Harkins reported 227,353 shares. Manchester Management Limited Liability Com accumulated 2,728 shares or 0.03% of the stock. Eastern Bancorporation has invested 0.03% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Advisor Limited Com holds 0.17% in Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 11,079 shares. Eads And Heald Investment Counsel holds 1.42% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 33,396 shares. Farmers & Merchants Invests reported 0% stake. Amica Mutual Insur Co accumulated 0.57% or 93,632 shares.

Among 28 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 20 have Buy rating, 1 Sell and 7 Hold. Therefore 71% are positive. Cognizant Technology Solutions Corp. had 58 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, September 30 the stock rating was downgraded by Citigroup to “Neutral”. The firm has “Hold” rating given on Tuesday, January 10 by Loop Capital. The stock has “Buy” rating by SunTrust on Thursday, April 13. The firm has “Buy” rating by Citigroup given on Wednesday, July 20. The stock has “Buy” rating by RBC Capital Markets on Wednesday, July 12. On Friday, September 30 the stock rating was downgraded by Argus Research to “Hold”. The stock has “Buy” rating by Loop Capital on Friday, August 4. As per Thursday, October 12, the company rating was maintained by Cowen & Co. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned “Buy” rating by Cowen & Co on Friday, July 28. The rating was downgraded by Bank of America on Tuesday, November 22 to “Underperform”.

Since April 28, 2017, it had 0 buys, and 20 selling transactions for $8.33 million activity. $199,485 worth of stock was sold by Veeraraghavachary Srinivasan on Tuesday, May 16. Middleton Sean had sold 1,890 shares worth $113,400 on Friday, April 28. 1,500 Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares with value of $97,985 were sold by Kandiah Gajakarnan Vibushanan. CHINTAMANENI RAMAKRISHNA PRASAD also sold $242,352 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Tuesday, May 23. KRISHNASWAMY VENKAT sold $271,000 worth of stock. 4,186 shares were sold by Shaheen Allen, worth $282,815. Another trade for 9,253 shares valued at $601,445 was sold by SINHA DHARMENDRA KUMAR.

Cognizant Technology Solutions Corporation is a professional services company. The company has market cap of $43.79 billion. The Firm operates through four divisions: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. It has a 23.75 P/E ratio. The Financial Services segment includes clients providing banking/transaction processing, capital markets and insurance services.

Among 13 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Blackhawk Network Holdings had 24 analyst reports since July 24, 2015 according to SRatingsIntel. Wedbush maintained the stock with “Neutral” rating in Thursday, April 28 report. The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) has “Neutral” rating given on Thursday, February 25 by Wedbush. BMO Capital Markets maintained the shares of HAWK in report on Tuesday, September 12 with “Outperform” rating. The firm earned “Buy” rating on Friday, October 6 by Mizuho. The firm has “Neutral” rating by Bank of America given on Friday, October 7. The company was maintained on Thursday, February 25 by Deutsche Bank. The stock has “Outperform” rating by CLSA on Wednesday, September 21. Bank of America upgraded the stock to “Buy” rating in Friday, July 22 report. The firm has “Buy” rating by Argus Research given on Wednesday, July 29. The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) earned “Neutral” rating by Bank of America on Thursday, July 20.

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