Dimensional Fund Advisors LP Upped By $1.12 Million Its Cognizant Technology Solutio (CTSH) Position; Chemung Financial (CHMG) Sentiment Is 0.95

June 23, 2018 - By wolcottdaily

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Chemung Financial Corp (CHMG) investors sentiment decreased to 0.95 in 2018 Q1. It’s down -1.80, from 2.75 in 2017Q4. The ratio is negative, as 21 active investment managers opened new and increased equity positions, while 22 sold and reduced their stock positions in Chemung Financial Corp. The active investment managers in our database now hold: 1.57 million shares, up from 1.54 million shares in 2017Q4. Also, the number of active investment managers holding Chemung Financial Corp in top ten equity positions was flat from 1 to 1 for the same number . Sold All: 5 Reduced: 17 Increased: 14 New Position: 7.

Dimensional Fund Advisors Lp increased Cognizant Technology Solutio (CTSH) stake by 0.87% reported in 2018Q1 SEC filing. Dimensional Fund Advisors Lp acquired 14,057 shares as Cognizant Technology Solutio (CTSH)’s stock declined 8.67%. The Dimensional Fund Advisors Lp holds 1.64 million shares with $131.94 million value, up from 1.62 million last quarter. Cognizant Technology Solutio now has $46.11B valuation. The stock increased 1.31% or $1.02 during the last trading session, reaching $78.7. About 3.24 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 13.31% since June 23, 2017 and is uptrending. It has outperformed by 0.74% the S&P500.

The stock increased 2.96% or $1.48 during the last trading session, reaching $51.5. About 3,323 shares traded. Chemung Financial Corporation (CHMG) has risen 30.05% since June 23, 2017 and is uptrending. It has outperformed by 17.48% the S&P500. Some Historical CHMG News: 05/03/2018 – Chemung Financial: ‘Disappointed’ by Added Provision, Will ‘Vigorously Pursue Recovery’ of Identified Loan; 17/05/2018 – Chemung Financial Announces Quarterly Dividend; 05/03/2018 – Chemung Financial: Change Resulted From Internal Control Review Proces; 05/03/2018 Chemung Financial 4Q Loss/Shr 45c; 05/03/2018 – Chemung Financial Reports Revised 4Q Earning; 21/04/2018 – DJ Chemung Financial Corporation, Inst Holders, 1Q 2018 (CHMG); 18/04/2018 – Chemung Financial 1Q EPS 92c

Since January 1, 0001, it had 3 insider buys, and 2 insider sales for $16,868 activity.

Chemung Canal Trust Co holds 4.8% of its portfolio in Chemung Financial Corporation for 432,341 shares. Basswood Capital Management L.L.C. owns 202,954 shares or 0.41% of their US portfolio. Moreover, Ativo Capital Management Llc has 0.28% invested in the company for 21,006 shares. The New York-based First Manhattan Co has invested 0.03% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 46,891 shares.

Chemung Financial Corporation operates as the holding firm for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services primarily in New York. The company has market cap of $245.39 million. It offers demand, savings, and time deposits; non-interest- and interest-bearing checking accounts; and insured money market accounts. It has a 27.85 P/E ratio. The firm also provides commercial and agricultural loans primarily consisting of loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit.

Dimensional Fund Advisors Lp decreased Wendys Co (NASDAQ:WEN) stake by 90,517 shares to 6.42 million valued at $112.64 million in 2018Q1. It also reduced Iac Interactivecorp (NASDAQ:IACI) stake by 14,325 shares and now owns 542,430 shares. Select Med Hldgs Corp (NYSE:SEM) was reduced too.

Since January 9, 2018, it had 1 buying transaction, and 49 selling transactions for $51.94 million activity. Breakiron-Evans Maureen sold $1.66M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, March 6. Lennox James Patrick also sold $80,207 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. GOMATAM SUMITHRA sold 2,625 shares worth $199,500. The insider Middleton Sean sold 2,410 shares worth $185,257. 42,500 shares were sold by Mehta Rajeev, worth $3.23 million. Another trade for 6,000 shares valued at $478,981 was made by fox John nelson JR on Wednesday, February 14. Another trade for 1,650 shares valued at $136,950 was sold by CHATTERJEE DEBASHIS.

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 26 have Buy rating, 1 Sell and 6 Hold. Therefore 79% are positive. Cognizant Technology Solutions Corp. had 92 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by Needham to “Strong Buy” on Wednesday, November 1. Bank of America maintained the shares of CTSH in report on Thursday, February 8 with “Buy” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $84 target in Monday, February 5 report. Needham maintained it with “Buy” rating and $100.0 target in Wednesday, February 7 report. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, February 9. KeyBanc Capital Markets maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Sunday, October 29. KeyBanc Capital Markets has “Buy” rating and $81.0 target. The firm has “Outperform” rating by William Blair given on Wednesday, November 1. On Friday, September 8 the stock rating was maintained by Robert W. Baird with “Buy”. The stock has “Outperform” rating by BMO Capital Markets on Thursday, August 6. On Tuesday, September 5 the stock rating was maintained by RBC Capital Markets with “Buy”.

More news for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) were recently published by: Investorplace.com, which released: “20 Nasdaq-100 Stocks That Will Heat Up 2H18” on June 15, 2018. Seekingalpha.com‘s article titled: “STMicroelectronics Is Inexpensive – Cramer’s Lightning Round (6/1/18)” and published on June 04, 2018 is yet another important article.

Chemung Financial Corporation (NASDAQ:CHMG) Institutional Positions Chart

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