Cognizant Technology Solutions Corp Unusual Bullish Options Activity Means Profits for Traders

 Cognizant Technology Solutions Corp Unusual Bullish Options Activity Means Profits for Traders

In today’s session Cognizant Technology Solutions Corp (CTSH) registered an unusually high (443) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CTSH increase. With 443 contracts traded and 5354 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CTSH170120C00055000 closed last at: $1.15 or 65.2% down. About 7.81 million shares traded hands or 22.22% up from the average. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has declined 13.42% since March 1, 2016 and is downtrending. It has underperformed by 22.66% the S&P500.

Analysts await Cognizant Technology Solutions Corp (NASDAQ:CTSH) to report earnings on November, 2. They expect $0.75 earnings per share, up 11.94% or $0.08 from last year’s $0.67 per share. CTSH’s profit will be $481.32M for 16.68 P/E if the $0.75 EPS becomes a reality. After $0.79 actual earnings per share reported by Cognizant Technology Solutions Corp for the previous quarter, Wall Street now forecasts -5.06% negative EPS growth.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) Ratings Coverage

Out of 19 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 13 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 68% are positive. Cognizant Technology Solutions Corp. has been the topic of 31 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by Cantor Fitzgerald on Friday, October 16 with “Buy”. Monness Crespi & Hardt maintained the stock with “Buy” rating in Thursday, November 5 report. On Friday, September 30 the stock rating was downgraded by Argus Research to “Hold”. Argus Research maintained it with “Buy” rating and $78 target price in Tuesday, August 11 report. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) has “Neutral” rating given on Friday, September 9 by Wedbush. The firm has “Buy” rating by SunTrust given on Thursday, September 10. The rating was maintained by Citigroup on Wednesday, July 20 with “Buy”. The firm earned “Buy” rating on Thursday, August 6 by Needham. Sterne Agee CRT initiated the shares of CTSH in a report on Thursday, December 17 with “Neutral” rating. The firm earned “Buy” rating on Monday, September 26 by Societe Generale.

Insitutional Activity: The institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.12, from 0.85 in 2016Q1. The ratio is positive, as 65 funds sold all Cognizant Technology Solutions Corp shares owned while 291 reduced positions. 67 funds bought stakes while 278 increased positions. They now own 506.90 million shares or 5.36% less from 535.62 million shares in 2016Q1.
Intrust Retail Bank Na has 0.31% invested in the company for 13,250 shares. Meiji Yasuda Asset last reported 0.1% of its portfolio in the stock. Accuvest Advsrs has invested 0.22% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Etrade Capital Management Llc holds 0.13% or 44,282 shares in its portfolio. Cantab Prns Llp holds 0% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 17,673 shares. Nikko Asset Mgmt Americas Inc holds 0.04% or 7,408 shares in its portfolio. Proshare Advsr Limited Co holds 274,162 shares or 0.2% of its portfolio. Parkside Retail Bank, a Missouri-based fund reported 117 shares. Principal Fincl Grp Incorporated Inc reported 853,852 shares or 0.07% of all its holdings. Levin Cap Strategies Limited Partnership accumulated 0.01% or 8,000 shares. Capital Intll Limited Ca last reported 0.25% of its portfolio in the stock. Fincl Bank Of Montreal Can has 780,888 shares for 0.05% of their US portfolio. Northern Trust Corp last reported 7.39 million shares in the company. Moreover, Bright Rock Cap Mgmt Ltd Liability has 1.32% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 71,155 shares. The Georgia-based Herndon Capital Mngmt has invested 0.03% in Cognizant Technology Solutions Corp (NASDAQ:CTSH).

Insider Transactions: Since April 7, 2016, the stock had 0 buys, and 15 sales for $40.01 million net activity. On Saturday, September 3 the insider Frank Malcolm sold $73,007. McLoughlin Karen also sold $1.20M worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Friday, August 5. Shares for $17.49 million were sold by DSOUZA FRANCISCO on Monday, July 25. fox John nelson JR had sold 12,345 shares worth $759,218 on Tuesday, May 10. $410,760 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by Schwartz Steven. 15,922 shares were sold by RAMAKRISHNAN CHANDRASEKARAN, worth $1.00 million. The insider COBURN GORDON sold 22,881 shares worth $1.38 million.

Cognizant Technology Solutions Corporation is a well-known provider of information technology , consulting and business process services. The company has a market cap of $32.12 billion. The Firm operates through four divisions: Financial Services, which includes clients providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as clients providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology. It has a 20.24 P/E ratio.

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