ARI Network Services, Inc. (ARIS) EPS Estimated At $0.03; 1832 Asset Management LP Upped Cognizant Technology Solutio (CTSH) Position By $185.54 Million

June 7, 2017 - By Dolores Ford

1832 Asset Management Lp increased Cognizant Technology Solutio (CTSH) stake by 923.23% reported in 2016Q4 SEC filing. 1832 Asset Management Lp acquired 4.03M shares as Cognizant Technology Solutio (CTSH)’s stock rose 12.87%. The 1832 Asset Management Lp holds 4.47 million shares with $207.34 million value, up from 436,884 last quarter. Cognizant Technology Solutio now has $39.76B valuation. The stock decreased 0.22% or $0.15 during the last trading session, reaching $67.41. About shares traded. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since June 7, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Analysts expect ARI Network Services, Inc. (NASDAQ:ARIS) to report $0.03 EPS on June, 8.They anticipate $0.00 EPS change or 0.00% from last quarter’s $0.03 EPS. ARIS’s profit would be $511,550 giving it 45.17 P/E if the $0.03 EPS is correct. After having $0.01 EPS previously, ARI Network Services, Inc.’s analysts see 200.00% EPS growth. The stock increased 1.12% or $0.06 on June 6, reaching $5.42. About shares traded. ARI Network Services, Inc. (NASDAQ:ARIS) has risen 26.36% since June 7, 2016 and is uptrending. It has outperformed by 9.66% the S&P500.

Investors sentiment decreased to 0.89 in 2016 Q4. Its down 0.04, from 0.93 in 2016Q3. It is negative, as 82 investors sold CTSH shares while 305 reduced holdings. 103 funds opened positions while 243 raised stakes. 513.54 million shares or 2.92% more from 498.98 million shares in 2016Q3 were reported. 7.54M are owned by Swedbank. Eastern Commercial Bank invested in 0.03% or 6,700 shares. Neuberger Berman Group Ltd Liability Corporation invested in 168,720 shares. Tcw Grp Incorporated reported 44,750 shares. Cibc World Markets Corp holds 0.71% or 1.24M shares. Pennant Capital Lc has 3.79% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 1.74M shares. Amica Pension Fund Board Of Trustees accumulated 55,300 shares or 0.37% of the stock. Oak Ridge Invests Limited Liability Corporation holds 135,303 shares. Bridgewater Associate Ltd Partnership owns 45,970 shares. Asset accumulated 56,208 shares or 0.12% of the stock. 1.06 million were accumulated by Citigroup. Peninsula Asset Mngmt owns 36,915 shares. Palouse Capital Mgmt Inc owns 29,187 shares. Moreover, Boston Prtnrs has 0.42% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 5.66M shares. First Bancorp Tru has 7,905 shares.

Since December 12, 2016, it had 0 insider purchases, and 22 insider sales for $9.46 million activity. KRISHNASWAMY VENKAT had sold 4,205 shares worth $280,693 on Thursday, May 25. The insider CHINTAMANENI RAMAKRISHNA PRASAD sold 3,672 shares worth $242,352. McLoughlin Karen sold $294,000 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Thursday, February 23. Kandiah Gajakarnan Vibushanan had sold 20,000 shares worth $1.11 million on Monday, December 12. Another trade for 3,069 shares valued at $199,485 was made by Veeraraghavachary Srinivasan on Tuesday, May 16. Another trade for 1,890 shares valued at $122,850 was sold by Middleton Sean. CHATTERJEE DEBASHIS also sold $99,060 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares.

Among 24 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 14 have Buy rating, 2 Sell and 8 Hold. Therefore 58% are positive. Cognizant Technology Solutions Corp. has $82 highest and $48 lowest target. $66.23’s average target is -1.75% below currents $67.41 stock price. Cognizant Technology Solutions Corp. had 40 analyst reports since August 6, 2015 according to SRatingsIntel. The company was upgraded on Thursday, April 13 by SunTrust. Citigroup maintained the stock with “Neutral” rating in Monday, October 3 report. The stock has “Market Perform” rating by William Blair on Wednesday, November 23. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) has “Outperform” rating given on Thursday, August 6 by BMO Capital Markets. The stock has “Buy” rating by SunTrust on Thursday, September 10. The rating was initiated by Sterne Agee CRT on Thursday, December 17 with “Neutral”. As per Thursday, September 10, the company rating was initiated by Suntrust Robinson. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) has “Outperform” rating given on Friday, January 6 by Wedbush. Societe Generale initiated Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Monday, September 26 with “Buy” rating. The firm has “Neutral” rating by Goldman Sachs given on Thursday, September 15.

1832 Asset Management Lp decreased Randgold Res Ltd (NASDAQ:GOLD) stake by 57,500 shares to 314,500 valued at $23.95M in 2016Q4. It also reduced Livanova Plc stake by 8,900 shares and now owns 52,000 shares. Six Flags Entmt Corp New (NYSE:SIX) was reduced too.

Among 3 analysts covering ARI Network Services (NASDAQ:ARIS), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ARI Network Services has $6.0 highest and $5.25 lowest target. $5.75’s average target is 6.09% above currents $5.42 stock price. ARI Network Services had 4 analyst reports since September 14, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, March 11 by Ascendiant Capital. The firm earned “Outperform” rating on Monday, January 25 by Barrington Research. The rating was initiated by Craig Hallum with “Buy” on Monday, September 14.

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