Genesis Asset Managers Llp Holding in Cognizant Technology Solutions (CTSH) Has Cut by $113.57 Million as Stock Price Declined; Van Den Berg Management I Boosted Its Transocean LTD (RIG) Stake by $1.26 Million

June 14, 2018 - By Stephen Andrade

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Genesis Asset Managers Llp decreased its stake in Cognizant Technology Solutions (CTSH) by 37.97% based on its latest 2018Q1 regulatory filing with the SEC. Genesis Asset Managers Llp sold 1.42M shares as the company’s stock declined 8.67% with the market. The institutional investor held 2.32 million shares of the edp services company at the end of 2018Q1, valued at $186.67M, down from 3.74 million at the end of the previous reported quarter. Genesis Asset Managers Llp who had been investing in Cognizant Technology Solutions for a number of months, seems to be less bullish one the $45.88B market cap company. The stock increased 0.36% or $0.28 during the last trading session, reaching $78.3. About 1.78 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 13.31% since June 14, 2017 and is uptrending. It has outperformed by 0.74% the S&P500. Some Historical CTSH News: 07/05/2018 – Cognizant CFO Sees Benefits of Cost Cuts and ‘Digitization’ Playing Out — Barron’s Blog; 12/03/2018 Cognizant To Acquire Bolder Healthcare Solutions To Expand Revenue Cycle Management Services For Providers; 19/04/2018 – Cognizant Completes Acquisition Of Bolder Healthcare Solutions; 16/04/2018 – COGNIZANT AND A CONSORTIUM OF INDIAN LIFE INSURERS ANNOUNCED THAT THEY HAVE DEVELOPED A BLOCKCHAIN SOLUTION TO FACILITATE CROSS-COMPANY DATA-SHARING; 14/05/2018 – IDP Education Partners with Cognizant to Help Students Realise Their International Study and Career Goals; 15/05/2018 – CEO D’Souza Gifts 325 Of Cognizant Technology Solutions Corp; 03/04/2018 – COGNIZANT SAYS HIGH COURT LIFTS ATTACHMENT OF CTSH ACCOUNTS; 03/04/2018 – Indian court orders tax dept to lift freeze on Cognizant’s funds; 03/04/2018 – COGNIZANT TECHNOLOGY SOLUTIONS CORP – HIGH COURT IN CHENNAI GRANTED CO’S APPLICATION FOR A STAY OF THE ACTIONS OF INDIAN INCOME TAX DEPARTMENT; 17/05/2018 – Cognizant Recognized as Market Leader in Internet of Things Services by Research and Advisory Firm ISG

Van Den Berg Management I Inc increased its stake in Transocean Ltd (RIG) by 35.97% based on its latest 2018Q1 regulatory filing with the SEC. Van Den Berg Management I Inc bought 140,095 shares as the company’s stock rose 26.78% while stock markets declined. The institutional investor held 529,600 shares of the oil & gas production company at the end of 2018Q1, valued at $5.24 million, up from 389,505 at the end of the previous reported quarter. Van Den Berg Management I Inc who had been investing in Transocean Ltd for a number of months, seems to be bullish on the $5.72B market cap company. The stock increased 0.24% or $0.03 during the last trading session, reaching $12.38. About 6.71 million shares traded. Transocean Ltd. (NYSE:RIG) has risen 27.05% since June 14, 2017 and is uptrending. It has outperformed by 14.48% the S&P500. Some Historical RIG News: 30/04/2018 – Transocean 1Q Loss/Shr 48c; 04/04/2018 – TRANSOCEAN LTD RIG.N : HSBC RAISES TO BUY FROM HOLD; 01/05/2018 – TRANSOCEAN SEES 2018 CAPEX AT $175 MLN; ’19 AT $200 MLN; 15/03/2018 – NORWAY PETROLEUM SAFETY AUTH. GIVES TRANSOCEAN NOTICE OF ORDER; 21/03/2018 – SUBSCRIPTION PERIOD ENDS IN TRANSOCEAN’S COMPULSORY PURCHASE OF; 01/05/2018 – TRANSOCEAN SEES DOUBLING OF OFFSHORE PROJECT SANCTIONING IN ’19; 09/05/2018 – Transocean: Rig Expected to be Available for Charter in the 1Q of 2019; 01/05/2018 – TRANSOCEAN EARNINGS CONFERENCE CALL BEGINS; 09/05/2018 – TRANSOCEAN LTD – TOTAL PURCHASE PRICE FOR RIG IS $500 MLN; 09/05/2018 – Transocean Acquires Interest in Harsh Environment Newbuild Semisubmersible

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on August, 2. They expect $1.03 earnings per share, up 18.39% or $0.16 from last year’s $0.87 per share. CTSH’s profit will be $603.48M for 19.00 P/E if the $1.03 EPS becomes a reality. After $0.99 actual earnings per share reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts 4.04% EPS growth.

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. Cowen & Co initiated the stock with “Outperform” rating in Friday, February 19 report. Bank of America downgraded it to “Underperform” rating and $48 target in Tuesday, November 22 report. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Equal-Weight” rating given on Tuesday, January 31 by Morgan Stanley. The rating was maintained by Susquehanna with “Hold” on Wednesday, February 7. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by Bank of America on Thursday, February 8. The rating was upgraded by Needham on Wednesday, November 1 to “Strong Buy”. The rating was maintained by Morgan Stanley on Monday, February 5 with “Equal-Weight”. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Tuesday, June 13 by Oppenheimer. On Tuesday, August 11 the stock rating was maintained by Argus Research with “Buy”. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, February 7.

Investors sentiment decreased to 0.97 in Q1 2018. Its down 0.22, from 1.19 in 2017Q4. It turned 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. Grantham Mayo Van Otterloo Limited holds 1.92% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 3.89M shares. Point72 Asset Limited Partnership holds 42,556 shares or 0.01% of its portfolio. Stevens Cap Mgmt LP owns 0.26% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 85,172 shares. Arizona State Retirement System has 0.14% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Timber Hill Ltd Com holds 0.2% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 16,379 shares. Los Angeles Capital Management And Equity has invested 0.18% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Haverford Tru Company invested in 0.01% or 4,650 shares. Metropolitan Life Ny holds 0% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 116,714 shares. Bbva Compass Savings Bank has invested 0.04% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 689,100 are held by Sentry Investments Corp. Cetera Advisor Netwr Llc reported 4,907 shares. Hartwell J M Ltd Partnership has invested 5.88% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 546,765 are owned by Alyeska Grp Inc Limited Partnership. Thompson Siegel And Walmsley Limited Liability Corp invested 0% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Janney Montgomery Scott owns 120,214 shares.

More important recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Prnewswire.com which released: “Australian Utility Endeavour Energy chooses Cognizant for their Digital Transformation” on June 06, 2018, also Streetinsider.com published article titled: “Cognizant (CTSH) Announces CEO Francisco D’Souza as New Board Vice Chairman”, Prnewswire.com published: “Cognizant’s Netcentric Named 2018 Adobe Experience Cloud Partner of the Year in EMEA” on June 14, 2018. More interesting news about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was released by: Seekingalpha.com and their article: “STMicroelectronics Is Inexpensive – Cramer’s Lightning Round (6/1/18)” with publication date: June 04, 2018.

Since December 15, 2017, it had 1 insider purchase, and 43 sales for $50.42 million activity. $1.62 million worth of stock was sold by Breakiron-Evans Maureen on Friday, February 16. Kandiah Gajakarnan Vibushanan had sold 1,200 shares worth $92,244. $375,571 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Lennox James Patrick on Thursday, March 1. Mehta Rajeev had sold 42,500 shares worth $3.23 million. Shares for $132,902 were sold by CHATTERJEE DEBASHIS. $387,058 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Shaheen Allen.

Investors sentiment increased to 1.29 in 2018 Q1. Its up 0.25, from 1.04 in 2017Q4. It increased, as 42 investors sold RIG shares while 93 reduced holdings. 51 funds opened positions while 123 raised stakes. 296.24 million shares or 7.53% more from 275.51 million shares in 2017Q4 were reported. M&T Natl Bank owns 33,118 shares or 0% of their US portfolio. Citigroup has invested 0% in Transocean Ltd. (NYSE:RIG). Diversified Inv Strategies Ltd Liability Corporation holds 0.37% of its portfolio in Transocean Ltd. (NYSE:RIG) for 38,692 shares. Clifford Swan Invest Counsel Limited Co invested 0.12% in Transocean Ltd. (NYSE:RIG). Odey Asset Management Group Inc Limited has invested 6.25% in Transocean Ltd. (NYSE:RIG). Pdt Prtn Llc holds 235,424 shares or 0.08% of its portfolio. The Colorado-based Shine Advisory Svcs Inc has invested 0% in Transocean Ltd. (NYSE:RIG). Commonwealth Of Pennsylvania School Empls Retrmt owns 117,547 shares. Creative Planning stated it has 0.02% in Transocean Ltd. (NYSE:RIG). 60 were accumulated by Huntington Financial Bank. Moreover, Cubist Systematic Strategies Ltd Liability has 0% invested in Transocean Ltd. (NYSE:RIG) for 981 shares. Suntrust Banks has 12,099 shares. Nuveen Asset Management Lc has invested 0% in Transocean Ltd. (NYSE:RIG). Regions Finance Corp holds 0% or 2,218 shares. Focused Wealth Management has invested 0.06% in Transocean Ltd. (NYSE:RIG).

Van Den Berg Management I Inc, which manages about $2.04B and $828.88M US Long portfolio, decreased its stake in Spdr Series Trust (XOP) by 86,414 shares to 733,900 shares, valued at $25.85M in 2018Q1, according to the filing. It also reduced its holding in International Business Machs (NYSE:IBM) by 23,886 shares in the quarter, leaving it with 47,159 shares, and cut its stake in Layne Christensen Co (NASDAQ:LAYN).

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 16 have Buy rating, 9 Sell and 15 Hold. Therefore 40% are positive. Transocean Ltd had 111 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Transocean Ltd. (NYSE:RIG) earned “Hold” rating by Piper Jaffray on Wednesday, August 2. On Friday, January 15 the stock rating was initiated by Sidoti with “Buy”. The stock of Transocean Ltd. (NYSE:RIG) earned “Hold” rating by Cowen & Co on Wednesday, August 2. Piper Jaffray maintained it with “Hold” rating and $10.8500 target in Tuesday, March 27 report. The firm has “Sell” rating by Citigroup given on Tuesday, October 20. On Monday, January 18 the stock rating was initiated by Sidoti with “Buy”. The company was initiated on Friday, October 9 by KeyBanc Capital Markets. The firm earned “Hold” rating on Friday, November 10 by RBC Capital Markets. The stock has “Buy” rating by Pareto on Friday, August 18. As per Monday, July 18, the company rating was upgraded by Wells Fargo.

More notable recent Transocean Ltd. (NYSE:RIG) news were published by: Seekingalpha.com which released: “Energy Recap: Examining Shale With SA Author Fluidsdoc” on May 25, 2018, also Seekingalpha.com with their article: “Transocean: Well Positioned For Ultra-Deepwater Recovery” published on May 21, 2018, Seekingalpha.com published: “Transocean And The Floaters Business – Some Thoughts” on May 23, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) were released by: Finance.Yahoo.com and their article: “Is It The Right Time To Buy Transocean Ltd (NYSE:RIG)?” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Another Missed Opportunity For Transocean Courtesy Of Odfjell” with publication date: May 28, 2018.

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