Prestige Brands Holdings, Inc. (PBH) Is At $48.15 Formed Wedge; Wasatch Advisors Has Cut By $744,084 Its Cognizant Technology Solutions (CTSH) Holding

October 13, 2017 - By Richard Conner

Wasatch Advisors Inc decreased Cognizant Technology Solutions (CTSH) stake by 19.63% reported in 2017Q2 SEC filing. Wasatch Advisors Inc sold 11,274 shares as Cognizant Technology Solutions (CTSH)’s stock rose 12.87%. The Wasatch Advisors Inc holds 46,173 shares with $3.07 million value, down from 57,447 last quarter. Cognizant Technology Solutions now has $43.76 billion valuation. The stock increased 0.67% or $0.49 during the last trading session, reaching $74.09. About shares traded. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since October 13, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Prestige Brands Holdings, Inc. (PBH) formed wedge down with $43.82 target or 9.00% below today’s $48.15 share price. Prestige Brands Holdings, Inc. (PBH) has $2.56 billion valuation. The stock decreased 0.37% or $0.18 during the last trading session, reaching $48.15. About shares traded. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 8.57% since October 13, 2016 and is downtrending. It has underperformed by 25.27% the S&P500.

Investors sentiment increased to 1.3 in Q2 2017. Its up 0.20, from 1.1 in 2017Q1. It is positive, as 27 investors sold Prestige Brands Holdings, Inc. shares while 64 reduced holdings. 36 funds opened positions while 82 raised stakes. 52.96 million shares or 2.44% more from 51.70 million shares in 2017Q1 were reported. Moreover, Liberty Mutual Gru Asset Mgmt has 0.05% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 22,752 shares. Tower Rech Cap Ltd Liability Corporation (Trc) reported 400 shares stake. Trexquant Invest Limited Partnership holds 5,300 shares or 0.08% of its portfolio. State Teachers Retirement invested 0.01% in Prestige Brands Holdings, Inc. (NYSE:PBH). Suffolk Capital Mgmt Ltd Llc invested in 0.25% or 36,319 shares. Morgan Stanley holds 0% or 134,729 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys owns 0.01% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 33,796 shares. Acadian Asset Limited owns 321,488 shares. Lord Abbett & Company Limited Company invested in 416,358 shares. Virginia Retirement System Et Al owns 0.03% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 46,000 shares. Schwab Charles Invest holds 531,683 shares or 0.03% of its portfolio. 7,000 are owned by Hutchin Hill Capital L P. Swiss Bancorp has 0.01% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 88,600 shares. 24,429 were reported by Sei Invs Communications. Kbc Gru Nv stated it has 13,983 shares or 0.01% of all its holdings.

Among 8 analysts covering Prestige Brands Holdings (NYSE:PBH), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Prestige Brands Holdings had 16 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, August 14 by Jefferies. Zacks upgraded the shares of PBH in report on Tuesday, August 11 to “Hold” rating. B. Riley & Co maintained Prestige Brands Holdings, Inc. (NYSE:PBH) on Tuesday, December 27 with “Buy” rating. The rating was maintained by DA Davidson on Thursday, October 12 with “Buy”. Piper Jaffray initiated Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Friday, February 5. Piper Jaffray has “Overweight” rating and $58 target. As per Friday, August 12, the company rating was upgraded by Sidoti. Gabelli initiated the shares of PBH in report on Thursday, November 17 with “Buy” rating. The firm has “Outperform” rating by Raymond James given on Monday, May 22. Jefferies maintained Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Wednesday, August 12. Jefferies has “Hold” rating and $44 target. Jefferies maintained Prestige Brands Holdings, Inc. (NYSE:PBH) on Tuesday, September 19 with “Hold” rating.

Analysts await Prestige Brands Holdings, Inc. (NYSE:PBH) to report earnings on November, 2. They expect $0.67 earnings per share, up 6.35% or $0.04 from last year’s $0.63 per share. PBH’s profit will be $35.62M for 17.97 P/E if the $0.67 EPS becomes a reality. After $0.66 actual earnings per share reported by Prestige Brands Holdings, Inc. for the previous quarter, Wall Street now forecasts 1.52% EPS growth.

Since April 28, 2017, it had 0 insider buys, and 20 sales for $8.33 million activity. CHATTERJEE DEBASHIS had sold 690 shares worth $46,230. On Friday, May 19 Kandiah Gajakarnan Vibushanan sold $97,985 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 1,500 shares. $750,000 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares were sold by Veeraraghavachary Srinivasan. On Tuesday, May 23 CHINTAMANENI RAMAKRISHNA PRASAD sold $242,352 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 3,672 shares. Middleton Sean also sold $122,850 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares. KRISHNASWAMY VENKAT also sold $412,978 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares. 9,253 shares valued at $601,445 were sold by SINHA DHARMENDRA KUMAR on Tuesday, May 16.

Investors sentiment decreased to 0.76 in Q2 2017. Its down 0.15, from 0.91 in 2017Q1. It dropped, as 53 investors sold CTSH shares while 330 reduced holdings. 86 funds opened positions while 205 raised stakes. 503.05 million shares or 1.75% less from 512.00 million shares in 2017Q1 were reported. Creative Planning has 0.01% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Boston Family Office Llc reported 3,498 shares. Artisan Prns Lp stated it has 739,913 shares. Gsa Cap Prtnrs Limited Liability Partnership holds 0.11% or 25,892 shares in its portfolio. Baystate Wealth Mngmt Ltd Liability Corp invested 0% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Reinhart Prns holds 2.61% in Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 392,629 shares. Franklin Resources Incorporated reported 0.42% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Wetherby Asset Mngmt has invested 0.11% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH). First Comml Bank owns 6,710 shares for 0.08% of their portfolio. Mckinley Capital Ltd Com Delaware owns 0% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 1,460 shares. Metropolitan Life Insurance has invested 0.14% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Dupont Mngmt Corp owns 3,388 shares. M&T Bancshares stated it has 142,970 shares or 0.06% of all its holdings. The Pennsylvania-based Riggs Asset Managment Co has invested 0.02% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Signaturefd Limited Liability stated it has 0.06% in Cognizant Technology Solutions Corp (NASDAQ:CTSH).

Wasatch Advisors Inc increased Beneficial Bancorp Inc. (NASDAQ:BNCL) stake by 34,000 shares to 131,000 valued at $1.97M in 2017Q2. It also upped The Walt Disney Co. (NYSE:DIS) stake by 4,183 shares and now owns 5,983 shares. Glacier Bancorp Inc. (NASDAQ:GBCI) was raised too.

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