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Stock Market & Financial Investment News

News Breaks
August 18, 2014
09:00 EDTHNT, CTSHHealth 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.
News For HNT;CTSH From The Last 14 Days
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September 19, 2014
06:49 EDTHNTGovernment says 7.3M in private Obamacare plans, NY Times reports
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September 17, 2014
14:54 EDTHNTHealth Net management to meet with Sterne Agee
Field trip to company headquarters to be held in Woodland Hills, CA on September 23 hosted by Sterne Agee.
September 16, 2014
09:59 EDTCTSHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
07:40 EDTCTSHCognizant initiated with an Outperform at Bernstein
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September 15, 2014
11:44 EDTCTSHCognizant's TriZetto acquisition mentioned positively at Deutsche Bank
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08:42 EDTCTSHCognizant says TriZetto should not be dilutive to long-term revenue growth
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08:25 EDTCTSHCognizant says does not expect added large scale M&A in 'foreseeable future'
The company said it will continue to look at "tuck-in" acquisitions, but does not see another large M&A deal until this integration is completed and "well under our belt." Cognizant says will continue relying on share repurchase as vehicle for return of cash to shareholders. Cognizant says its capital allocation model remains intact following its acquisition of TriZetto.
08:21 EDTCTSHCognizant says TriZetto acquisition about revenue growth, not cost synergies
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06:23 EDTCTSHFunds advised by Apax Partners agree to sell stake in TriZetto to Cognizant
Funds advised by Apax Partners announced that they have agreed to sell their majority ownership stake in the TriZetto. TriZetto, a provider of world-class healthcare information technology and service solutions, will be sold to Cognizant Technology Solutions for $2.7B in cash, subject to customary adjustments. TriZetto develops, licenses and manages solutions for healthcare payers and providers, providing software and services to approximately 350 health plans helping to increase administrative efficiency, improve the cost and quality of care and succeed in the retail market. Additionally, the company provides revenue-cycle management software solutions to nearly 245,000 doctors and other healthcare providers.
06:18 EDTCTSHCognizant to host conference call
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06:06 EDTCTSHCognizant agrees to acquire TriZetto for $2.7B
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06:01 EDTCTSHCognizant to acquire Trizetto for $2.7B in cash, CNBC reports
Cognizant is going to acquire privately held Trizetto for $2.7B in cash, CNBC's Andrew Ross Sorkin reports, citing sources.

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