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CTSH

Cognizant

$61.83

0.75 (1.23%)

13:12
05/24/19
05/24
13:12
05/24/19
13:12

Cognizant CEO buys 19K shares of company stock

In a regulatory filing, Cognizant CEO Brian Humphries disclose his purchase of 19,000 shares of company stock at an average price per share of $61.09 per share on May 23. The total purchase is valued at $1,160,742.

  • 04

    Jun

  • 23

    Jun

CTSH Cognizant
$61.83

0.75 (1.23%)

05/03/19
NEED
05/03/19
DOWNGRADE
NEED
Hold
Cognizant downgraded two notches to Hold from Strong Buy at Needham
Needham analyst Mayank Tandon issued a double-downgrade on Cognizant to Hold from Strong Buy after its "disappointing" Q1 earnings and revenue miss along with a cut to its FY19 forecast, driven by "incremental softness" in the healthcare and financial services verticals. The analyst believes that the spending cuts on legacy services by certain clients was "exacerbated by consolidation activity within healthcare" and expects the "incremental softness" to persist into FY20. After yesterday's 7.8% stock price decline however, Tandon expects further downside in shares to be limited.
05/03/19
05/03/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Yeti (YETI) downgraded to Neutral from Buy at Goldman Sachs with analyst Alexandra Walvis saying the company's "strong" sales and brand momentum are now better understood by investors. 2. Electronic Arts (EA) downgraded to Neutral at MKM Partners on valuation with analyst Eric Handler saying the risk-reward on the stock appears to be "less compelling." 3. Cognizant (CTSH) downgraded to Market Perform from Outperform at William Blair, to Underweight from Neutral at JPMorgan, to Neutral from Buy at Goldman Sachs, to Perform from Outperform at Oppenheimer, to Sector Weight from Overweight at KeyBanc, to Neutral from Outperform at Wedbush and to Hold from Strong Buy at Needham after the company's earnings and guidance missed consensus estimates. 4. Target (TGT) downgraded to Market Perform from Outperform at Bernstein with analyst Brandon Fletcher saying he thinks Target's continued emphasis on growth over cost containment is a "less wise" stance at this point. 5. Achillion (ACHN) downgraded to Underweight from Equal Weight at Barclays with analyst Geoffrey Meacham seeing a lack of near- to mid-term catalysts that are capable of changing the story on the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/07/19
DAIW
05/07/19
DOWNGRADE
DAIW
Neutral
Cognizant downgraded to Hold from Buy at Daiwa
05/10/19
ARGS
05/10/19
DOWNGRADE
ARGS
Hold
Cognizant downgraded to Hold from Buy at Argus
Argus analyst James Kelleher downgraded Cognizant to Hold from Buy, stating that its poor Q1 performance was due to weakness in its financial services and healthcare verticals, which are "by far" the company's most important. He does not see an immediate turnaround in these verticals and expects revenue weakness to continue, the analyst tells investors.

TODAY'S FREE FLY STORIES

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BAX

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PCG

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KMI

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MU

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FDX

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FDX

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FDX

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