Schwartz Investment Counsel INC Has Raised Cognizant Technology Solutio (CTSH) Stake

July 14, 2018 - By Tina Thibodeau

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 fall, 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. Westpac Banking Corporation owns 214,316 shares for 0% of their portfolio. Pensionfund Dsm Netherlands invested 0.67% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Linscomb Williams invested in 4,668 shares or 0.03% of the stock. Fund Evaluation Gp Ltd Liability invested in 0.24% or 26,420 shares. 9,615 were reported by Hartline Investment. Prelude Capital Mgmt Lc holds 0.01% or 2,410 shares. Bath Savings invested in 50,638 shares or 1.02% of the stock. 175,195 are owned by Arizona State Retirement Systems. Guggenheim Capital Llc has 0.26% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 450,571 were accumulated by Flossbach Von Storch Ag. Dowling & Yahnke Limited Com has 0.27% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Eastern Retail Bank owns 112,887 shares. The Indiana-based 1St Source Retail Bank has invested 0.11% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Amer National Insur Tx holds 0.3% or 74,017 shares. Smith Moore And owns 0.09% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 4,213 shares.

Since January 16, 2018, it had 1 buying transaction, and 52 insider sales for $34.48 million activity. Mackay Leo S. Jr. sold $126,366 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Friday, June 15. VELLI JOSEPH M had bought 2,500 shares worth $210,244. 1,060 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares with value of $85,326 were sold by GOMATAM SUMITHRA. Middleton Sean sold $185,257 worth of stock or 2,410 shares. Shares for $375,571 were sold by Lennox James Patrick on Thursday, March 1. Shares for $132,902 were sold by CHATTERJEE DEBASHIS.

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 $1.70B US Long portfolio, decreased its stake in Tractor Supply Co (NASDAQ:TSCO) by 187,500 shares to 467,500 shares, valued at $29.46M in 2018Q1, according to the filing. It also reduced its holding in Moodys Corp (NYSE:MCO) by 31,000 shares in the quarter, leaving it with 375,600 shares, and cut its stake in United Parcel Service Inc (NYSE:UPS).

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 firm has “Neutral” rating given on Thursday, February 8 by Nomura. Cowen & Co maintained the stock with “Buy” rating in Thursday, February 8 report. The firm earned “Outperform” rating on Thursday, February 8 by BMO Capital Markets. Morgan Stanley maintained it with “Equal-Weight” rating and $84 target in Monday, February 5 report. The rating was maintained by Bank of America with “Buy” on Thursday, February 8. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, February 7. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, May 8. The rating was maintained by Susquehanna with “Hold” on Wednesday, February 7. The rating was upgraded by Argus Research on Thursday, February 22 to “Buy”. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Thursday, January 18 by Citigroup.

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

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