Rmb Capital Management Cut Cognizant Technology Solutio (CTSH) Position; Rait Financial Trust Has 0.47 Sentiment

December 12, 2017 - By Henry Gaston

Rmb Capital Management Llc decreased Cognizant Technology Solutio (CTSH) stake by 2.92% reported in 2017Q2 SEC filing. Rmb Capital Management Llc sold 12,958 shares as Cognizant Technology Solutio (CTSH)’s stock rose 12.87%. The Rmb Capital Management Llc holds 431,035 shares with $28.62M value, down from 443,993 last quarter. Cognizant Technology Solutio now has $42.10B valuation. The stock decreased 0.22% or $0.155 during the last trading session, reaching $71.405. About 426,325 shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since December 12, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust . The company has market cap of $31.72 million. The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate. It currently has negative earnings. It also offers a set of debt financing options to the commercial real estate industry along with fixed income trading and advisory services.

Among 30 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 23 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Cognizant Technology Solutions Corp. had 73 analyst reports since August 6, 2015 according to SRatingsIntel. BMO Capital Markets maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Thursday, November 2. BMO Capital Markets has “Outperform” rating and $78 target. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, January 31. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by Needham on Tuesday, November 8. The rating was maintained by Cowen & Co on Wednesday, November 1 with “Buy”. The firm earned “Buy” rating on Thursday, August 3 by RBC Capital Markets. The rating was maintained by KeyBanc Capital Markets on Wednesday, September 6 with “Buy”. Bank of America downgraded it to “Underperform” rating and $48 target in Tuesday, November 22 report. The rating was maintained by RBC Capital Markets on Thursday, November 9 with “Buy”. The stock has “Buy” rating by Robert W. Baird on Thursday, October 12. The company was maintained on Friday, October 6 by RBC Capital Markets.

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on February, 14. They expect $0.88 earnings per share, up 15.79% or $0.12 from last year’s $0.76 per share. CTSH’s profit will be $518.89 million for 20.29 P/E if the $0.88 EPS becomes a reality. After $0.93 actual earnings per share reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts -5.38% negative EPS growth.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.27, from 0.76 in 2017Q1. It increased, as 53 investors sold CTSH 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. 115,020 were accumulated by Employees Retirement Association Of Colorado. Susquehanna Group Llp invested 0% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Stifel Fincl Corp owns 172,047 shares. Moreover, Caisse De Depot Et Placement Du Quebec has 0.01% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Eagle Ridge Management owns 101,990 shares. Us Retail Bank De owns 403,488 shares. Stevens LP owns 155,897 shares. Alliancebernstein Lp has invested 0.23% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Td Asset Mngmt Incorporated reported 0.02% stake. Louisiana State Employees Retirement stated it has 36,500 shares. Synovus Corporation owns 60,026 shares. National Registered Advisor Incorporated accumulated 7,760 shares. Bluecrest Capital Ltd stated it has 0.16% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Prudential Incorporated reported 3.50M shares. Norinchukin Financial Bank The holds 40,873 shares or 0.06% of its portfolio.

Rmb Capital Management Llc increased Deere & Co (NYSE:DE) stake by 5,620 shares to 8,949 valued at $1.11M in 2017Q2. It also upped Johnson & Johnson (NYSE:JNJ) stake by 24,064 shares and now owns 42,965 shares. Pacific Premier Bancorp (NASDAQ:PPBI) was raised too.

Analysts await RAIT Financial Trust (NYSE:RAS) to report earnings on February, 23. They expect $0.02 EPS, down 71.43% or $0.05 from last year’s $0.07 per share. RAS’s profit will be $1.87 million for 4.25 P/E if the $0.02 EPS becomes a reality. After $-0.01 actual EPS reported by RAIT Financial Trust for the previous quarter, Wall Street now forecasts -300.00% EPS growth.

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