Cognizant Technology Solutio (CTSH) Holder Cubist Systematic Strategies LLC Has Decreased Position

August 9, 2018 - By Victoria Pittman

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 is negative, 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. Echo Street Mngmt Limited Liability stated it has 0.72% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Credit Agricole S A has 0% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Axa reported 476,988 shares or 0.15% of all its holdings. Associated Banc reported 34,552 shares stake. Rhumbline Advisers holds 0.17% or 1.01M shares. Victory Cap Mngmt stated it has 540,604 shares or 0.09% of all its holdings. Main Street Rech Limited Company owns 3,227 shares. Chem National Bank holds 0.14% or 15,824 shares. Gw Henssler & Assocs invested 1.49% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Petrus Tru Co Lta owns 168,700 shares. Seizert Capital Ltd Co holds 0.47% or 161,459 shares. Spectrum Management Grp accumulated 13,296 shares. Alps Advsr Inc owns 0.02% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 31,155 shares. Teacher Retirement System Of Texas accumulated 817,176 shares or 0.44% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.25% stake.

Since February 14, 2018, it had 1 buy, and 40 sales for $12.27 million activity. Friedrich Matthew W. sold 2,874 shares worth $220,871. Middleton Sean sold $52,417 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Friday, June 15. Lennox James Patrick sold $89,766 worth of stock. Shares for $106,542 were sold by McLoughlin Karen on Friday, June 8. fox John nelson JR sold 6,000 shares worth $478,981. $316,000 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by KRISHNASWAMY VENKAT.

Cubist Systematic Strategies Llc decreased its stake in Cognizant Technology Solutio (CTSH) by 46.85% based on its latest 2018Q1 regulatory filing with the SEC. Cubist Systematic Strategies Llc sold 48,680 shares as the company’s stock declined 8.67% with the market. The institutional investor held 55,237 shares of the edp services company at the end of 2018Q1, valued at $4.45 million, down from 103,917 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in Cognizant Technology Solutio for a number of months, seems to be less bullish one the $44.82B market cap company. The stock decreased 1.06% or $0.83 during the last trading session, reaching $77.24. About 2.01 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 13.31% since August 9, 2017 and is uptrending. It has outperformed by 0.74% the S&P500.

Cubist Systematic Strategies Llc, which manages about $1.71 billion US Long portfolio, upped its stake in Paypal Hldgs Inc by 69,629 shares to 83,572 shares, valued at $6.34M in 2018Q1, according to the filing. It also increased its holding in Equity Comwlth (NYSE:EQC) by 108,197 shares in the quarter, for a total of 120,363 shares, and has risen its stake in Lockheed Martin Corp (NYSE:LMT).

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on November, 7. They expect $1.07 EPS, up 15.05 % or $0.14 from last year’s $0.93 per share. CTSH’s profit will be $620.85 million for 18.05 P/E if the $1.07 EPS becomes a reality. After $1.10 actual EPS reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts -2.73 % negative EPS growth.

Another recent and important Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news was published by Seekingalpha.com which published an article titled: “Cognizant Technology -3.8% on Q2 revenue miss, downside rev guide” on August 02, 2018.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Ratings Coverage

Among 4 analysts covering Cognizant Tech Solns (NASDAQ:CTSH), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Cognizant Tech Solns has $9500 highest and $87 lowest target. $90.33’s average target is 16.95% above currents $77.24 stock price. Cognizant Tech Solns had 4 analyst reports since February 22, 2018 according to SRatingsIntel. Credit Suisse maintained the shares of CTSH in report on Tuesday, May 8 with “Buy” rating. The firm earned “Buy” rating on Thursday, February 22 by Argus Research. The company was maintained on Friday, August 3 by KeyBanc Capital Markets. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Equal-Weight” rating given on Tuesday, May 8 by Morgan Stanley.

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

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