Cognizant Tech Solutions (CTSH) Holder Pine River Capital Management LP Decreased Its Holding by $4.07 Million as Valuation Rose

January 23, 2018 - By Maria Brooks

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.27, from 0.76 in 2017Q2. It improved, 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. First Interstate Retail Bank owns 1,426 shares. Zeke Cap Limited Liability Corp has invested 0.1% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Cryder Capital Ptnrs Limited Liability Partnership accumulated 487,755 shares. Bluecrest Cap Mgmt Ltd holds 3,347 shares or 0.01% of its portfolio. Mayo Investment Advisers Ltd Com reported 0.8% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Sun Life Fincl accumulated 9,233 shares. Axiom Investors Limited Liability Corporation De invested 0% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Axa invested in 0.12% or 371,160 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 272,317 shares or 0.18% of the stock. 368 were reported by Hirtle Callaghan & Communication Lc. Gsa Capital Prns Llp holds 12,808 shares. 16,253 were accumulated by Qs Limited Company. State Board Of Administration Of Florida Retirement System stated it has 0.17% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Moreover, Riverpark Advsr Limited Liability Com has 2.55% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Hsbc Hldgs Public Ltd Co owns 1.08M shares.

Since August 4, 2017, it had 0 buys, and 39 selling transactions for $50.98 million activity. 8,000 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares with value of $576,012 were sold by GOMATAM SUMITHRA. Veeraraghavachary Srinivasan sold 2,500 shares worth $182,500. Mehta Rajeev sold $2.50M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, September 12. Shares for $2,364 were sold by Middleton Sean on Wednesday, October 11. Lennox James Patrick also sold $509,779 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Monday, August 7. Shares for $165,525 were sold by Shaheen Allen.

Brian Taylor decreased its stake in Cognizant Tech Solutions (CTSH) by 86.1% based on its latest 2017Q3 regulatory filing with the SEC. Pine River Capital Management Lp sold 56,551 shares as the company’s stock rose 12.87% with the market. The hedge fund run by Brian Taylor held 9,130 shares of the edp services company at the end of 2017Q3, valued at $662,000, down from 65,681 at the end of the previous reported quarter. Pine River Capital Management Lp who had been investing in Cognizant Tech Solutions for a number of months, seems to be less bullish one the $46.15B market cap company. The stock increased 0.38% or $0.3 during the last trading session, reaching $78.26. About 2.27M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since January 23, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on February, 14. They expect $0.88 EPS, up 15.79 % or $0.12 from last year’s $0.76 per share. CTSH’s profit will be $518.89M for 22.23 P/E if the $0.88 EPS becomes a reality. After $0.93 actual EPS reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts -5.38 % negative EPS growth.

More important recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Gurufocus.com which released: “Tandem Investment Advisors, Inc. Buys CVS Health Corp, Cognizant Technology …” on January 09, 2018, also Seekingalpha.com published article titled: “Cognizant Technology Solutions (CTSH) Q2 2017 Results – Earnings Call Transcript”, Seekingalpha.com published: “Despite the political turmoil surrounding outsourcing, the company has managed …” on January 23, 2018. More interesting news about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was released by: Gurufocus.com and their article: “Cognizant Technology Solutions Corp (CTSH) CEO Francisco Dsouza Sold $17.8 …” with publication date: January 12, 2018.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Ratings Coverage

Among 30 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 24 have Buy rating, 1 Sell and 5 Hold. Therefore 80% are positive. Cognizant Technology Solutions Corp. had 76 analyst reports since August 6, 2015 according to SRatingsIntel. Sterne Agee CRT initiated the shares of CTSH in report on Thursday, December 17 with “Neutral” rating. BMO Capital Markets maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Thursday, August 3 with “Buy” rating. The rating was maintained by RBC Capital Markets on Wednesday, July 12 with “Buy”. The firm earned “Hold” rating on Friday, September 30 by Argus Research. The firm earned “Buy” rating on Thursday, August 6 by Needham. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Underperform” rating by CLSA on Wednesday, September 14. The stock has “Overweight” rating by Barclays Capital on Monday, October 30. The firm has “Outperform” rating given on Friday, February 19 by Cowen & Co. Robert W. Baird maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Friday, January 12 with “Buy” rating. As per Thursday, August 6, the company rating was maintained by BMO Capital Markets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.