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Stock Market & Financial Investment News

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December 4, 2012
18:50 EDTCTSHCognizant awards restricted stock units to senior management
On December 3, the Compensation Committee of the Board of Directors of Cognizant Technology Solutions, after thorough evaluation, granted the following awards of restricted stock units to certain executive officers of the company. Francisco D’Souza, CEO: 50,138; Gordon J. Coburn, President: 26,793; Rajeev Mehta, Group Chief Executive – Industries and Markets: 23,188; Ramakrishnan Chandrasekaran, Group Chief Executive – Technology and Operations: 17,220; Karen McLoughlin, CFO: 10,010; Steven Schwartz, Senior Vice President, General Counsel and Secretary: 5,049. The Stock Units vest in quarterly installments over three years so that the Stock Units shall be fully vested on the twelfth quarterly vesting date, which quarterly vesting date will occur on December 3, 2015; provided that the grantee remains in the Company’s service through each applicable vesting date. The Compensation Committee approved the grant and issuance of the Stock Units pursuant to the terms and conditions of the company’s 2009 Incentive Compensation Plan.
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August 20, 2014
08:31 EDTCTSHCognizant deal with Health Net has encouraging read through, says Cowen
Cowen noted Cognizant (CTSH) shareholders were concerned over its deal with Health Net (HNT) but noted management feels the deal is a true partnership. The firm feels management's positive comments are encouraging and address the execution and profitability concerns of shareholders. Shares of Cognizant are Outperform rated with a $50 price target.
August 18, 2014
17:03 EDTCTSHLone Pine Capital reports 5.3% passive stake in Cognizant
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09:00 EDTCTSHHealth Net fundamentals remain favorable, says Susquehanna
Susquehanna said Health Net (HNT) fundamentals remain favorable following meetings with management. The firm cited the company's conservative outlook and the benefit of its back office contract with Cognizant (CTSH) which positions the company well for sustainable earnings growth through 2016. Shares of Health Net remain Positive rated with a $55 price target on the shares.
August 12, 2014
06:00 EDTCTSHStocks with implied volatility below IV index mean; CTSH KMP
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