Payment Data Systems, Inc. (PYDS) Reaches $2.11 After 3.00% Down Move; Connor Clark & Lunn Investment Management LTD Has Lowered United Health Group (UNH) Position

March 14, 2018 - By Kurt Siggers

Connor Clark & Lunn Investment Management Ltd decreased United Health Group Inc. (UNH) stake by 19.57% reported in 2017Q3 SEC filing. Connor Clark & Lunn Investment Management Ltd sold 43,500 shares as United Health Group Inc. (UNH)’s stock rose 9.50%. The Connor Clark & Lunn Investment Management Ltd holds 178,835 shares with $35.03 million value, down from 222,335 last quarter. United Health Group Inc. now has $219.02B valuation. The stock decreased 0.26% or $0.6 during the last trading session, reaching $226.34. About 1.48 million shares traded. UnitedHealth Group Incorporated (NYSE:UNH) has risen 32.76% since March 14, 2017 and is uptrending. It has outperformed by 16.06% the S&P500.

The stock of Payment Data Systems, Inc. (NASDAQ:PYDS) is a huge mover today! The stock decreased 2.31% or $0.05 during the last trading session, reaching $2.11. About 159,206 shares traded. Payment Data Systems, Inc. (NASDAQ:PYDS) has declined 12.80% since March 14, 2017 and is downtrending. It has underperformed by 29.50% the S&P500.The move comes after 5 months negative chart setup for the $28.73M company. It was reported on Mar, 14 by We have $2.05 PT which if reached, will make NASDAQ:PYDS worth $861,840 less.

Payment Data Systems, Inc., together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company has market cap of $28.73 million. The firm offers various types of automated clearing house processing; and credit, prepaid card, and debit card processing services. It currently has negative earnings. The Company’s ACH processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.05, from 0.91 in 2017Q2. It is positive, as 46 investors sold UNH shares while 524 reduced holdings. 112 funds opened positions while 408 raised stakes. 810.94 million shares or 0.66% less from 816.36 million shares in 2017Q2 were reported. Frontier Invest Mngmt Communications reported 1,080 shares stake. E&G Ltd Partnership invested in 0.97% or 11,025 shares. Oppenheimer And Inc owns 32,784 shares for 0.17% of their portfolio. Texas Permanent School Fund accumulated 267,946 shares. Guardian Life Ins Co Of America invested in 2,198 shares. Balasa Dinverno Foltz Ltd Liability Com reported 0.29% stake. Victory holds 294,518 shares. Atalanta Sosnoff Cap holds 2.42% or 357,274 shares. Maryland-based Chevy Chase Trust Hldgs has invested 0.93% in UnitedHealth Group Incorporated (NYSE:UNH). Gulf National Bank (Uk) Limited has 0.81% invested in UnitedHealth Group Incorporated (NYSE:UNH). 5,709 were accumulated by Stonebridge Cap Advsrs Ltd Co. Intact Investment Mgmt stated it has 1,600 shares or 0.01% of all its holdings. Eastern Commercial Bank reported 0.07% in UnitedHealth Group Incorporated (NYSE:UNH). Price T Rowe Assoc Md holds 1.23% or 36.76 million shares. Catalyst Capital Advisors Limited Liability Co holds 1,400 shares or 0.01% of its portfolio.

Since September 15, 2017, it had 0 buys, and 8 insider sales for $18.68 million activity. The insider BURKE RICHARD T sold 20,000 shares worth $4.79M. On Thursday, October 19 ROOS THOMAS E sold $200,333 worth of UnitedHealth Group Incorporated (NYSE:UNH) or 975 shares. HOOPER MICHELE J had sold 10,000 shares worth $2.38M on Wednesday, January 31. On Friday, January 19 Shine Kenneth Irwin sold $48,025 worth of UnitedHealth Group Incorporated (NYSE:UNH) or 198 shares. 22,598 shares were sold by RENFRO LARRY C, worth $5.01 million on Thursday, December 14. 5,820 shares were sold by WILENSKY GAIL R, worth $1.40 million on Thursday, January 18. 10,000 shares were sold by BALLARD WILLIAM C JR, worth $2.46 million on Tuesday, January 23.

Analysts await UnitedHealth Group Incorporated (NYSE:UNH) to report earnings on April, 17. They expect $2.92 EPS, up 23.21% or $0.55 from last year’s $2.37 per share. UNH’s profit will be $2.83 billion for 19.38 P/E if the $2.92 EPS becomes a reality. After $2.59 actual EPS reported by UnitedHealth Group Incorporated for the previous quarter, Wall Street now forecasts 12.74% EPS growth.

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