Shares of Cognizant Technology Solutions Corporation (CTSH) Sees Large Inflow of Net Money Flow

Shares of Cognizant Technology Solutions Corporation (CTSH) saw an erosion of -0.14 points in recent session. During the trading, the value of each share was $52.45, dropping -0.27%. The shares saw high fund-flow as the composite value of all the upticks was $56.93 million and the total value of all the downticks was a mere $50.56 million. The net money flow was seen at $6.37 million and the up/down ratio was measured at 1.13. On a weekly basis the shares of the shares has recorded a change of -6.56%.The block trade which occurred today had $16.32 million in upticks and $10.01 million in downticks with the up/down ratio climbing to 1.63. $6.3 million was the net money flow of the block transaction.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Cognizant Technology Solutions Corporation has lost 8.86% in the last five trading days and dropped 6.39% in the last 4 weeks. Cognizant Technology Solutions Corporation is up 2.14% in the last 3-month period. Year-to-Date the stock performance stands at -6.39%. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) witnessed a decline in the market cap on Wednesday as its shares dropped 0.27% or 0.14 points. After the session commenced at $52.68, the stock reached the higher end at $52.91 while it hit a low of $51.95. With the volume soaring to 7,478,443 shares, the last trade was called at $52.45. The company has a 52-week high of $63.23. The company has a market cap of $31,822 million and there are 606,704,580 shares in outstanding. The 52-week low of the share price is $45.44.

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Gajakarnan Vibushanan Kandiah (President – Digital Business) sold 20,000 shares at 55.53 per share price.On Dec 9, 2016, Karen Mcloughlin (Chief Financial Officer) sold 19,430 shares at 56.13 per share price.On Dec 8, 2016, James Patrick Lennox (EVP – Chief People Officer) sold 1,612 shares at 54.69 per share price.

Cognizant Technology Solutions Corp Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.84. The company had revenue of $3453.20 million for the quarter, compared to analysts expectations of $3453.01 million. The companys revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cognizant Technology Solutions Corp was Downgraded by Morgan Stanley to Equal-Weight on Jan 31, 2017. Cognizant Technology Solutions Corp was Initiated by Loop Capital to Hold on Jan 10, 2017. Company shares were Upgraded by Wedbush on Jan 6, 2017 to Outperform, Raises Price Target to $ 70 from a previous price target of $65 .Cognizant Technology Solutions Corp was Reiterated by Needham on Nov 8, 2016 to Buy, Lowers Price Target to $ 65 from a previous price target of $68 .

Cognizant Technology Solutions delivers high-quality, cost-effective, full life cycle solutions to complex software development and maintenance problems that companies face as they transition to e-business. These services are delivered through the use of a seamless on-site and offshore consulting project team. The companys solutions include application development and integration, application management, re-engineering, and mass change services.


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