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MiMedx Group (MDXG) Hit By Needham Downgrade; Boston Common Asset Management Has Trimmed Its Cognizant Technology Solutions (CTSH) Position

Boston Common Asset Management Llc decreased Cognizant Technology Solutions (CTSH) stake by 30.62% reported in 2017Q3 SEC filing. Boston Common Asset Management Llc sold 27,855 shares as Cognizant Technology Solutions (CTSH)’s stock rose 12.87%. The Boston Common Asset Management Llc holds 63,123 shares with $4.58M value, down from 90,978 last quarter. Cognizant Technology Solutions now has $48.27B valuation. The stock increased 1.12% or $0.905 during the last trading session, reaching $81.855. About 1.70M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since February 20, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

Among 8 analysts covering MiMedx Group (NASDAQ:MDXG), 6 have Buy rating, 2 Sell and 0 Hold. Therefore 75% are positive. MiMedx Group has $21.0 highest and $9 lowest target. $14.71’s average target is 58.77% above currents $9.265 stock price. MiMedx Group had 27 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Wednesday, October 14. Aegis Capital initiated the stock with “Buy” rating in Tuesday, November 8 report. First Analysis downgraded the shares of MDXG in report on Tuesday, May 23 to “Underweight” rating. Needham maintained the shares of MDXG in report on Thursday, January 18 with “Buy” rating. Needham maintained it with “Buy” rating and $21.0 target in Monday, January 8 report. Needham maintained it with “Buy” rating and $20.0 target in Wednesday, August 30 report. As per Friday, August 18, the company rating was maintained by Piper Jaffray. Canaccord Genuity maintained the stock with “Buy” rating in Friday, December 18 report. On Friday, July 14 the stock rating was maintained by Needham with “Buy”. On Tuesday, October 10 the stock rating was maintained by Needham with “Buy”.

The stock decreased 35.97% or $5.205 during the last trading session, reaching $9.265. About 14.09M shares traded or 654.40% up from the average. MiMedx Group, Inc. (NASDAQ:MDXG) has risen 107.87% since February 20, 2017 and is uptrending. It has outperformed by 91.17% the S&P500.

MiMedx Group, Inc., a biopharmaceutical company, develops and markets regenerative biologics utilizing human placental tissue allografts with patent-protected processes for various sectors of healthcare. The company has market cap of $1.03 billion. It processes the human placental tissue utilizing its proprietary PURION Process to produce allografts. It has a 29.79 P/E ratio. The company??s proprietary processing methodology employs aseptic processing techniques in addition to terminal sterilization.

Investors sentiment decreased to 1.97 in Q3 2017. Its down 0.05, from 2.02 in 2017Q2. It dropped, as 21 investors sold MiMedx Group, Inc. shares while 44 reduced holdings. 48 funds opened positions while 80 raised stakes. 77.22 million shares or 15.28% more from 66.99 million shares in 2017Q2 were reported. Sector Pension Inv Board holds 0% of its portfolio in MiMedx Group, Inc. (NASDAQ:MDXG) for 63,701 shares. Tiedemann Wealth Mgmt Ltd Co invested 2.2% in MiMedx Group, Inc. (NASDAQ:MDXG). Bankshares Of America Corporation De reported 0% of its portfolio in MiMedx Group, Inc. (NASDAQ:MDXG). Hussman Strategic Advisors Inc reported 50,000 shares. 81,960 were reported by Amer Gru. Ls Advsr Ltd Liability Corp stated it has 0.02% in MiMedx Group, Inc. (NASDAQ:MDXG). Clarivest Asset Mgmt Ltd Llc owns 12,953 shares. Parallax Volatility Advisers Limited Partnership invested 0% of its portfolio in MiMedx Group, Inc. (NASDAQ:MDXG). Millrace Asset Gp Inc holds 115,835 shares. Royal Financial Bank Of Canada, a Ontario – Canada-based fund reported 225,804 shares. Raymond James Fincl Services reported 53,743 shares or 0% of all its holdings. Lincoln Corp has 0.01% invested in MiMedx Group, Inc. (NASDAQ:MDXG). Prudential Finance accumulated 1.07 million shares or 0.02% of the stock. Silvercrest Asset Management Ltd Co owns 0.01% invested in MiMedx Group, Inc. (NASDAQ:MDXG) for 84,000 shares. Rowland And Investment Counsel Adv holds 205,000 shares.

Analysts await MiMedx Group, Inc. (NASDAQ:MDXG) to report earnings on February, 22. They expect $0.11 earnings per share, up 120.00% or $0.06 from last year’s $0.05 per share. MDXG’s profit will be $12.22 million for 21.06 P/E if the $0.11 EPS becomes a reality. After $0.05 actual earnings per share reported by MiMedx Group, Inc. for the previous quarter, Wall Street now forecasts 120.00% EPS growth.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.27, from 0.76 in 2017Q2. It is positive, as 37 investors sold CTSH shares while 296 reduced holdings. 99 funds opened positions while 244 raised stakes. 487.81 million shares or 3.03% less from 503.05 million shares in 2017Q2 were reported. Bancorporation Of Montreal Can has invested 0.02% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Cetera Advisor Network Lc reported 3,419 shares. Guardian Life Insur Of America reported 1,343 shares or 0.01% of all its holdings. 5,000 are held by Hillsdale Investment Mgmt. Spectrum Mgmt Gp reported 11 shares. Flossbach Von Storch Ag owns 0.18% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 239,450 shares. Blb&B Advsr Ltd Company holds 0.03% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 2,815 shares. Gsa Cap Ptnrs Llp stated it has 12,808 shares. Scotia Cap has invested 0.03% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Rathbone Brothers Public Ltd Liability has 50,683 shares for 0.16% of their portfolio. Adell Harriman & Carpenter has invested 0.14% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Bluecrest Cap Mgmt Limited accumulated 3,347 shares. Arga Investment Management Lp holds 0.75% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 87,500 shares. 3,498 are owned by Boston Family Office Limited Liability. Franklin Res reported 0.43% stake.

Boston Common Asset Management Llc increased Canadian Pac Railway Ltd (NYSE:CP) stake by 3,205 shares to 27,024 valued at $4.54M in 2017Q3. It also upped Johnson & Johnson Com (NYSE:JNJ) stake by 2,350 shares and now owns 91,115 shares. Ctrip Com Intl Ltd American De (NASDAQ:CTRP) was raised too.

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 25 have Buy rating, 1 Sell and 7 Hold. Therefore 76% are positive. Cognizant Technology Solutions Corp. had 89 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, January 10 by Loop Capital. The firm has “Outperform” rating given on Thursday, November 2 by BMO Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Wednesday, February 7. Wedbush initiated Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Friday, September 9. Wedbush has “Neutral” rating and $65 target. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, January 31. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Friday, September 8 by Robert W. Baird. BMO Capital Markets maintained the stock with “Outperform” rating in Thursday, February 8 report. William Blair upgraded Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Wednesday, November 1 to “Outperform” rating. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by SunTrust on Thursday, April 13. Cantor Fitzgerald initiated the stock with “Buy” rating in Friday, October 16 report.

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