Cornerstone Investment Partners Has Cut Ibm (IBM) Position by $366,282 as Share Value Declined; Motley Fool Wealth Management Decreased Holding in Cognizant Technology Solutions (CTSH) as Share Value Declined

August 9, 2018 - By Rhonda Roth

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Cornerstone Investment Partners Llc decreased its stake in Ibm Corp (IBM) by 36.9% based on its latest 2018Q1 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 2,394 shares as the company’s stock declined 9.42% with the market. The institutional investor held 4,094 shares of the computer manufacturing company at the end of 2018Q1, valued at $628,000, down from 6,488 at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in Ibm Corp for a number of months, seems to be less bullish one the $132.17B market cap company. The stock decreased 0.36% or $0.52 during the last trading session, reaching $144.8. About 2.42 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since August 9, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 17/05/2018 – Shutterstock and IBM Make it Easy for Marketers to Build Engaging Digital Experiences Using Al; 04/05/2018 – BREAKING: Warren Buffett says Berkshire Hathaway has sold completely out of IBM; 15/03/2018 – Trianz to Mark Presence at IBM Think 2018; 17/04/2018 – IBM Had $3 Billion Remaining in Current Share Repurchase Authorization at End of March; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson; 08/05/2018 – Seneca and IBM team up to offer the first IBM Skills Academy in Ontario; 07/05/2018 – BMC considers sale, draws KKR, Thoma Bravo interest; 24/05/2018 – IBM Leads ‘Call for Code’ to Use Cloud, Data, AI, Blockchain for Natural Disaster Relief; 17/04/2018 – IBM 1Q Cognitive Solutions Rev $4.3B; 15/05/2018 – BERKSHIRE HATHAWAY 13-F FILING WITH U.S. SEC SHOWS IT HAS DISSOLVED ITS SHARE STAKE IN IBM CORP IBM.N

Motley Fool Wealth Management Llc decreased its stake in Cognizant Technology Solutions Corp (CTSH) by 4.74% based on its latest 2018Q1 regulatory filing with the SEC. Motley Fool Wealth Management Llc sold 4,372 shares as the company’s stock declined 8.67% with the market. The institutional investor held 87,857 shares of the edp services company at the end of 2018Q1, valued at $7.07 million, down from 92,229 at the end of the previous reported quarter. Motley Fool Wealth Management Llc who had been investing in Cognizant Technology Solutions Corp for a number of months, seems to be less bullish one the $44.25B market cap company. The stock decreased 1.27% or $0.98 during the last trading session, reaching $76.26. About 3.79M shares traded or 11.04% up from the average. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 13.31% since August 9, 2017 and is uptrending. It has outperformed by 0.74% the S&P500. Some Historical CTSH News: 12/03/2018 – Cognizant Acquisition of Bolder Healthcare Solutions Expected to Close in 2; 07/05/2018 – Cognizant Tech Solutions 1Q Net $520M; 07/05/2018 – Cognizant Tech Solutions Now Sees 2018 Adjusted EPS at Least $4.47; 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; 12/03/2018 Cognizant To Acquire Bolder Healthcare Solutions To Expand Revenue Cycle Management Services For Providers; 14/05/2018 – IDP Education Partners with Cognizant to Help Students Realise Their International Study and Career Goals; 29/03/2018 – FTC: 20180943: Cognizant Technology Solutions Corporation; Edgewater Growth Capital Partners III, LP; 27/03/2018 – The Hindu: I-T dept freezes bank accounts of Cognizant; 16/04/2018 – Leading Indian Life Insurers Partner with Cognizant to Develop Industry-Wide Blockchain Solution for Secure Data-Sharing and Im; 07/05/2018 – COGNIZANT SEES 2Q ADJ EPS AT LEAST $1.09, EST. $1.12

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on November, 7. They expect $1.07 EPS, up 15.05% or $0.14 from last year’s $0.93 per share. CTSH’s profit will be $620.86 million for 17.82 P/E if the $1.07 EPS becomes a reality. After $1.10 actual EPS reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts -2.73% negative 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 93 analyst reports since August 6, 2015 according to SRatingsIntel. On Tuesday, August 11 the stock rating was maintained by Argus Research with “Buy”. The firm earned “Neutral” rating on Friday, September 9 by Wedbush. Cowen & Co maintained the stock with “Buy” rating in Thursday, October 12 report. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, February 7. The firm earned “Buy” rating on Tuesday, June 13 by Oppenheimer. The rating was maintained by Credit Suisse on Tuesday, May 8 with “Buy”. The firm earned “Buy” rating on Wednesday, February 7 by RBC Capital Markets. As per Tuesday, January 31, the company rating was downgraded by Morgan Stanley. HSBC downgraded the shares of CTSH in report on Thursday, June 8 to “Hold” rating. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by Needham on Tuesday, November 8.

Another recent and important Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news was published by Seekingalpha.com which published an article titled: “Cognizant Technology -3.8% on Q2 revenue miss, downside rev guide” on August 02, 2018.

Motley Fool Wealth Management Llc, which manages about $130.00M and $1.36B US Long portfolio, upped its stake in Resmed Inc (NYSE:RMD) by 6,497 shares to 178,085 shares, valued at $17.54M in 2018Q1, according to the filing. It also increased its holding in Ishares Msci South Korea Capped Etf (EWY) by 6,463 shares in the quarter, for a total of 96,106 shares, and has risen its stake in Crown Castle International Corp (NYSE:CCI).

Investors sentiment decreased to 0.97 in 2018 Q1. Its down 0.22, from 1.19 in 2017Q4. It dived, 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. 28,625 are owned by Forte Cap Ltd Liability Adv. Badgley Phelps Bell invested 0.77% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 1.05 million are held by Price T Rowe Associate Md. North Star Mngmt stated it has 604 shares. Riverpark Advsrs Ltd Company has 2.15% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Quantum Cap has invested 0.1% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Bright Rock Cap Management Lc reported 64,150 shares. Los Angeles Equity Research has 0.18% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 395,828 shares. Moreover, Blue Fin Cap has 0.12% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 2,605 shares. Sather Grp reported 348,459 shares. Clough Capital Prtn Lp stated it has 161,900 shares. Sensato Ltd invested 1.63% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Tdam Usa owns 7,765 shares for 0.04% of their portfolio. Ww Asset Inc reported 0.15% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Rathbone Brothers Public Limited Company reported 51,973 shares.

Since February 14, 2018, it had 1 insider buy, and 40 insider sales for $12.27 million activity. 1,091 shares were sold by Frank Malcolm, worth $89,584. Another trade for 4,710 shares valued at $361,983 was sold by Lennox James Patrick. $18,908 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Middleton Sean on Tuesday, July 10. Another trade for 5,500 shares valued at $438,909 was made by CHATTERJEE DEBASHIS on Friday, June 15. Veeraraghavachary Srinivasan sold $205,725 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, March 27. Kandiah Gajakarnan Vibushanan had sold 1,200 shares worth $92,244 on Friday, June 8.

Among 34 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 4 Sell and 16 Hold. Therefore 41% are positive. International Business Machines had 134 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, August 31 with “Hold”. Citigroup maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, October 21 with “Neutral” rating. Bank of America upgraded the shares of IBM in report on Thursday, November 10 to “Buy” rating. Stifel Nicolaus maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, April 18 with “Buy” rating. GBH Insights maintained the stock with “Buy” rating in Thursday, January 18 report. The firm earned “Market Perform” rating on Tuesday, April 19 by Bernstein. The stock of International Business Machines Corporation (NYSE:IBM) earned “Neutral” rating by Citigroup on Wednesday, October 18. RBC Capital Markets maintained the shares of IBM in report on Tuesday, August 15 with “Hold” rating. The firm earned “Hold” rating on Thursday, October 12 by RBC Capital Markets. The company was initiated on Wednesday, January 4 by Guggenheim.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on October, 16. They expect $3.43 EPS, up 3.94% or $0.13 from last year’s $3.3 per share. IBM’s profit will be $3.13B for 10.55 P/E if the $3.43 EPS becomes a reality. After $3.08 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 11.36% EPS growth.

Cornerstone Investment Partners Llc, which manages about $8.61B and $2.29B US Long portfolio, upped its stake in Accenture Plc (NYSE:ACN) by 269,775 shares to 286,337 shares, valued at $43.95 million in 2018Q1, according to the filing.

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It is positive, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Moreover, Glenmede Com Na has 0.25% invested in International Business Machines Corporation (NYSE:IBM) for 393,410 shares. Jefferies Gru Limited Liability has 8,086 shares for 0.01% of their portfolio. Texas-based King Luther Capital Management has invested 0.25% in International Business Machines Corporation (NYSE:IBM). Grimes Co holds 31,895 shares or 0.47% of its portfolio. Janney Lc has 2,236 shares for 0.01% of their portfolio. 1St Source Comml Bank holds 0.49% or 38,904 shares in its portfolio. Boltwood Capital holds 0.35% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 3,314 shares. Wealthfront invested 0.04% in International Business Machines Corporation (NYSE:IBM). Natl Bank stated it has 0.17% in International Business Machines Corporation (NYSE:IBM). Moreover, Sequoia has 0.13% invested in International Business Machines Corporation (NYSE:IBM). Hall Laurie J Trustee stated it has 1,423 shares. Edge Wealth Mngmt Limited Co stated it has 24,074 shares or 0.98% of all its holdings. Penobscot holds 23,460 shares or 0.86% of its portfolio. Connors Investor Inc invested in 1,742 shares or 0.04% of the stock. Mckinley Carter Wealth Service holds 5,315 shares or 0.27% of its portfolio.

Since February 23, 2018, it had 0 insider buys, and 3 sales for $4.46 million activity. Shares for $1.67 million were sold by Gherson Diane J on Friday, August 3.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “The Deals Keep Coming for IBM” on July 26, 2018, also Seekingalpha.com with their article: “IBM +1% on Q2 revenue beat” published on July 18, 2018, 247Wallst.com published: “IBM Is Still Not Microsoft (Update)” on July 20, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “The Strategic Transformation Of GM And Ford” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “IBM About To Pummel The Bears” with publication date: July 31, 2018.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Institutional Positions Chart

Recent Posts