Holder Schwartz Investment Counsel INC Upped Cognizant Technology Solutio (CTSH) Holding

July 14, 2018 - By James Douglas

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) LogoInvestors sentiment decreased to 0.97 in Q1 2018. Its down 0.22, from 1.19 in 2017Q4. It worsened, as 44 investors sold CTSH shares while 338 reduced holdings. 100 funds opened positions while 269 raised stakes. 491.22 million shares or 0.15% less from 491.94 million shares in 2017Q4 were reported. Argent Capital Ltd Co stated it has 863,515 shares. State Of Alaska Department Of Revenue stated it has 80,390 shares. Loews invested in 0% or 4,706 shares. Sector Pension Investment Board reported 0.02% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Andra Ap stated it has 0.24% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Moreover, Advantus Cap Management Incorporated has 0.12% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 675,408 were reported by Great West Life Assurance Can. Mitsubishi Ufj Trust & Banking holds 0.17% or 1.21 million shares in its portfolio. North Star Asset Management stated it has 165,717 shares. Kirr Marbach In has invested 4.69% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Schwerin Boyle Cap Management Inc owns 186,000 shares. Nomura Holdings invested in 0.11% or 1.72M shares. Pettee Investors accumulated 10,180 shares. United Kingdom-based Jupiter Asset Mgmt Ltd has invested 0.06% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Moreover, Beck Mgmt Lc has 0.25% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

Since January 16, 2018, it had 1 insider buy, and 52 selling transactions for $34.48 million activity. $387,058 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Shaheen Allen on Tuesday, June 5. Shares for $3.30 million were sold by Mehta Rajeev on Monday, January 22. The insider Kandiah Gajakarnan Vibushanan sold $92,244. 1,093 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares with value of $89,766 were sold by Lennox James Patrick. Telesmanic Robert also sold $795,252 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Friday, June 15. The insider McLoughlin Karen sold 12,500 shares worth $942,113.

Schwartz Investment Counsel Inc increased its stake in Cognizant Technology Solutio (CTSH) by 6.55% based on its latest 2018Q1 regulatory filing with the SEC. Schwartz Investment Counsel Inc bought 40,000 shares as the company’s stock declined 8.67% with the market. The institutional investor held 651,000 shares of the edp services company at the end of 2018Q1, valued at $52.41 million, up from 611,000 at the end of the previous reported quarter. Schwartz Investment Counsel Inc who had been investing in Cognizant Technology Solutio for a number of months, seems to be bullish on the $47.87 billion market cap company. The stock decreased 1.93% or $1.61 during the last trading session, reaching $81.71. About 3.84M shares traded or 11.05% up from the average. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 13.31% since July 14, 2017 and is uptrending. It has outperformed by 0.74% the S&P500.

Schwartz Investment Counsel Inc, which manages about $1.74 billion and $1.70 billion US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 53,700 shares to 248,488 shares, valued at $18.54 million in 2018Q1, according to the filing. It also reduced its holding in Amgen Inc (NASDAQ:AMGN) by 92,101 shares in the quarter, leaving it with 143,149 shares, and cut its stake in Tractor Supply Co (NASDAQ:TSCO).

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Ratings Coverage

Among 15 analysts covering Cognizant Tech Solns (NASDAQ:CTSH), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Cognizant Tech Solns has $100.0 highest and $79 lowest target. $88.92’s average target is 8.82% above currents $81.71 stock price. Cognizant Tech Solns had 17 analyst reports since January 18, 2018 according to SRatingsIntel. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Outperform” rating given on Friday, February 9 by Credit Suisse. Nomura maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Thursday, February 8 with “Neutral” rating. BMO Capital Markets maintained it with “Outperform” rating and $86 target in Thursday, February 8 report. The rating was upgraded by Citigroup on Thursday, January 18 to “Buy”. As per Wednesday, February 7, the company rating was maintained by J.P. Morgan. On Thursday, February 8 the stock rating was maintained by Bank of America with “Buy”. As per Thursday, February 22, the company rating was upgraded by Argus Research. Barclays Capital maintained the shares of CTSH in report on Thursday, February 8 with “Overweight” rating. The company was maintained on Monday, February 5 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, February 7 by Needham.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Institutional Positions Chart

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