Virtusa (VRTU) Shareholder Hartwell J M Limited Partnership Has Cut Position as Market Value Rose; Jpmorgan Chase & Co Com (JPM) Shareholder Baystate Wealth Management Has Trimmed Holding by $3.19 Million

May 16, 2018 - By Richard Conner

Virtusa Corporation (NASDAQ:VRTU) Logo

Baystate Wealth Management Llc decreased its stake in Jpmorgan Chase & Co Com (JPM) by 78.41% based on its latest 2017Q4 regulatory filing with the SEC. Baystate Wealth Management Llc sold 6,130 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 1,688 shares of the major banks company at the end of 2017Q4, valued at $879,000, down from 7,818 at the end of the previous reported quarter. Baystate Wealth Management Llc who had been investing in Jpmorgan Chase & Co Com for a number of months, seems to be less bullish one the $385.84 billion market cap company. The stock increased 0.27% or $0.31 during the last trading session, reaching $113.34. About 7.29 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 16, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Hartwell J M Limited Partnership decreased its stake in Virtusa Corp (VRTU) by 31.15% based on its latest 2017Q4 regulatory filing with the SEC. Hartwell J M Limited Partnership sold 33,350 shares as the company’s stock rose 3.96% while stock markets declined. The hedge fund held 73,700 shares of the edp services company at the end of 2017Q4, valued at $3.25 million, down from 107,050 at the end of the previous reported quarter. Hartwell J M Limited Partnership who had been investing in Virtusa Corp for a number of months, seems to be less bullish one the $1.40 billion market cap company. The stock decreased 1.24% or $0.6 during the last trading session, reaching $47.63. About 290,328 shares traded or 34.85% up from the average. Virtusa Corporation (NASDAQ:VRTU) has risen 56.23% since May 16, 2017 and is uptrending. It has outperformed by 44.68% the S&P500.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.26 EPS, up 24.18% or $0.44 from last year’s $1.82 per share. JPM’s profit will be $7.69B for 12.54 P/E if the $2.26 EPS becomes a reality. After $2.37 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.64% negative EPS growth.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.03, from 0.91 in 2017Q3. It turned negative, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. Wealthcare Cap Limited Liability Co stated it has 116 shares or 0% of all its holdings. Laurion Mngmt LP has 0% invested in JPMorgan Chase & Co. (NYSE:JPM) for 5,700 shares. Tillar holds 1.94% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 23,290 shares. Lenox Wealth reported 0.05% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Pub Sector Pension Board owns 1.45 million shares or 1.02% of their US portfolio. Winfield Assoc holds 2,675 shares or 0.15% of its portfolio. Verition Fund Mgmt Limited Liability Corp has 0.13% invested in JPMorgan Chase & Co. (NYSE:JPM). Brown Advisory Secs Ltd Llc has invested 1.32% in JPMorgan Chase & Co. (NYSE:JPM). Moreover, Argent Management Lc has 4.24% invested in JPMorgan Chase & Co. (NYSE:JPM). Gamble Jones Investment Counsel accumulated 48,236 shares. Foyston Gordon Payne Incorporated has 2,266 shares for 0.05% of their portfolio. Cincinnati Corporation invested in 0.28% or 60,000 shares. Moreover, Noesis Capital Mangement Corporation has 5.79% invested in JPMorgan Chase & Co. (NYSE:JPM) for 154,972 shares. Cove Street Capital Llc holds 1.07% in JPMorgan Chase & Co. (NYSE:JPM) or 92,941 shares. Cypress Capital Mgmt Ltd Liability Co (Wy) invested in 5,255 shares or 0.64% of the stock.

Since January 13, 2018, it had 2 insider purchases, and 8 sales for $20.12 million activity. 26,532 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $3.01M were sold by Scher Peter. $825,327 worth of stock was bought by CROWN JAMES S on Tuesday, January 16. Friedman Stacey sold $1.99M worth of stock or 17,729 shares. 9,194 shares valued at $1.03 million were sold by Lake Marianne on Saturday, January 13. BACON ASHLEY sold $1.84M worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. Giles Nicole sold $425,399 worth of stock.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan ups automated stock trading efforts” on May 10, 2018, also Seekingalpha.com with their article: “JPMorgan: Magnificent Morgan” published on April 30, 2018, Nasdaq.com published: “JPMorgan Chase & Co. Is Wise to Plant Seeds in China” on May 15, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan Chase & Co’s (JPM) CEO Jamie Dimon Hosts Annual Shareholders Meeting Broker Conference Call …” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan doubles down on AI” with publication date: May 04, 2018.

Baystate Wealth Management Llc, which manages about $529.70M and $673.26M US Long portfolio, upped its stake in Powershares Ftse Rafi Us 1000 Portfolio (PRF) by 13,417 shares to 503,192 shares, valued at $60.15M in 2017Q4, according to the filing. It also increased its holding in Ishares Russell Mid (IWR) by 11,401 shares in the quarter, for a total of 386,725 shares, and has risen its stake in Schwab Us Dividend Equity Etf (SCHD).

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 120 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $10200 target in Tuesday, June 6 report. RBC Capital Markets maintained the shares of JPM in report on Monday, November 13 with “Buy” rating. The company was upgraded on Monday, August 17 by KBW. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, June 6. The company was upgraded on Friday, January 15 by Atlantic Securities. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. Nomura maintained the shares of JPM in report on Friday, April 13 with “Hold” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Friday, July 14 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, October 12 by RBC Capital Markets. As per Wednesday, November 9, the company rating was downgraded by Robert W. Baird.

More recent Virtusa Corporation (NASDAQ:VRTU) news were published by: Businesswire.com which released: “Virtusa Announces Fourth Quarter and Fiscal Year 2018 Consolidated Financial Results” on May 15, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For May 15, 2018” on May 15, 2018. Profitconfidential.com‘s news article titled: “Virtusa Stock Is Heading to Higher Ground” with publication date: April 30, 2018 was also an interesting one.

Hartwell J M Limited Partnership, which manages about $535.54 million and $532.32 million US Long portfolio, upped its stake in Procter & Gamble Co (NYSE:PG) by 4,413 shares to 17,148 shares, valued at $1.58M in 2017Q4, according to the filing. It also increased its holding in Vantiv Inc. (NYSE:VNTV) by 38,450 shares in the quarter, for a total of 47,250 shares, and has risen its stake in Citigroup Inc.

Investors sentiment increased to 1.5 in 2017 Q4. Its up 0.70, from 0.8 in 2017Q3. It is positive, as 7 investors sold VRTU shares while 51 reduced holdings. 37 funds opened positions while 50 raised stakes. 24.34 million shares or 3.51% less from 25.23 million shares in 2017Q3 were reported. New York-based Pinebridge Lp has invested 0.06% in Virtusa Corporation (NASDAQ:VRTU). Paw Capital Corp holds 2.77% or 50,000 shares. Vaughan Nelson Inv Lp holds 0.38% of its portfolio in Virtusa Corporation (NASDAQ:VRTU) for 742,650 shares. Parallax Volatility Advisers Ltd Partnership invested 0% in Virtusa Corporation (NASDAQ:VRTU). Rice Hall James Assoc Ltd Co holds 61,706 shares or 0.11% of its portfolio. Millennium Mgmt Ltd invested in 202,154 shares. Vanguard Gru Inc accumulated 2.11 million shares. Arizona State Retirement Systems stated it has 45,901 shares or 0.02% of all its holdings. Scout Invs holds 0.07% or 64,575 shares in its portfolio. Skyline Asset Mgmt Lp holds 1.61% or 456,500 shares in its portfolio. Assetmark Inc, a California-based fund reported 64 shares. Eam invested in 0.29% or 50,057 shares. 82,712 were accumulated by Fil Limited. Trexquant Investment Limited Partnership holds 0.06% or 11,784 shares in its portfolio. 5,614 were reported by Piedmont Advsr Ltd Llc.

Among 10 analysts covering Virtusa (NASDAQ:VRTU), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Virtusa had 38 analyst reports since July 29, 2015 according to SRatingsIntel. Cowen & Co upgraded Virtusa Corporation (NASDAQ:VRTU) on Friday, March 24 to “Outperform” rating. The firm earned “Buy” rating on Thursday, October 12 by Cowen & Co. The company was upgraded on Tuesday, April 10 by Needham. The company was maintained on Tuesday, March 13 by Maxim Group. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Buy” rating by Suntrust Robinson on Friday, February 19. The firm has “Buy” rating given on Thursday, November 9 by Maxim Group. Maxim Group maintained Virtusa Corporation (NASDAQ:VRTU) on Wednesday, January 25 with “Buy” rating. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Outperform” rating by Barrington Research on Tuesday, February 9. Cantor Fitzgerald maintained the stock with “Buy” rating in Wednesday, August 10 report. The stock of Virtusa Corporation (NASDAQ:VRTU) has “Buy” rating given on Thursday, February 8 by Maxim Group.

Since December 12, 2017, it had 0 buys, and 18 insider sales for $8.74 million activity. 1,505 Virtusa Corporation (NASDAQ:VRTU) shares with value of $68,186 were sold by DAVOLI ROBERT E. Shares for $2.03M were sold by Rajgopal Raj on Thursday, March 15. The insider Kalia Ranjan sold $698,453. Shares for $883,273 were sold by Holler Thomas R. $625,351 worth of Virtusa Corporation (NASDAQ:VRTU) shares were sold by Modder Roger Keith. Another trade for 3,422 shares valued at $171,081 was sold by Narayanan Sundararajan.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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