Oppenheimer Asset Management Has Lifted Its Position in Cognizant Technology Solutio (CTSH) by $335,742 as Share Price Rose; Express Scripts Hldg Co (ESRX) Shareholder Cortland Associates Decreased Stake as Valuation Declined

October 12, 2017 - By Ellis Scott

Oppenheimer Asset Management Inc increased its stake in Cognizant Technology Solutio (CTSH) by 12.53% based on its latest 2017Q2 regulatory filing with the SEC. Oppenheimer Asset Management Inc bought 5,087 shares as the company’s stock rose 12.87% with the market. The institutional investor held 45,695 shares of the edp services company at the end of 2017Q2, valued at $3.03 million, up from 40,608 at the end of the previous reported quarter. Oppenheimer Asset Management Inc who had been investing in Cognizant Technology Solutio for a number of months, seems to be bullish on the $43.92B market cap company. The stock rose 1.03% or $0.76 reaching $74.36 per share. About 922,673 shares traded. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since October 12, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Cortland Associates Inc decreased its stake in Express Scripts Hldg Co (ESRX) by 1.55% based on its latest 2017Q2 regulatory filing with the SEC. Cortland Associates Inc sold 13,290 shares as the company’s stock declined 14.09% while stock markets rallied. The institutional investor held 844,256 shares of the medical and nursing services company at the end of 2017Q2, valued at $53.90M, down from 857,546 at the end of the previous reported quarter. Cortland Associates Inc who had been investing in Express Scripts Hldg Co for a number of months, seems to be less bullish one the $33.33 billion market cap company. The stock rose 0.26% or $0.15 reaching $57.86. About 1.10M shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since October 12, 2016 and is downtrending. It has underperformed by 33.62% the S&P500.

Cortland Associates Inc, which manages about $580.00M and $521.44 million US Long portfolio, upped its stake in Danaher Corp (NYSE:DHR) by 154,001 shares to 463,348 shares, valued at $39.10M in 2017Q2, according to the filing.

Among 21 analysts covering Express Scripts (NASDAQ:ESRX), 7 have Buy rating, 4 Sell and 10 Hold. Therefore 33% are positive. Express Scripts had 37 analyst reports since July 30, 2015 according to SRatingsIntel. On Monday, February 22 the stock rating was downgraded by Deutsche Bank to “Sell”. The rating was maintained by Jefferies on Tuesday, August 29 with “Buy”. The rating was maintained by Maxim Group with “Buy” on Tuesday, July 18. Jefferies maintained it with “Buy” rating and $6700 target in Friday, May 26 report. Bernstein initiated the stock with “Underperform” rating in Thursday, June 16 report. The firm has “Buy” rating given on Wednesday, January 13 by Mizuho. The rating was maintained by Credit Suisse on Tuesday, April 26 with “Outperform”. Oppenheimer maintained the stock with “Hold” rating in Wednesday, July 26 report. The rating was maintained by RBC Capital Markets on Thursday, July 30 with “Outperform”. The firm earned “Underweight” rating on Thursday, August 10 by Morgan Stanley.

More important recent Express Scripts Holding Company (NASDAQ:ESRX) news were published by: Bloomberg.com which released: “Express Scripts to Buy Medical Gatekeeper for $3.6 Billion” on October 10, 2017, also Nasdaq.com published article titled: “Is Express Scripts Holding (ESRX) a Great Stock for Value Investors?”, Benzinga.com published: “Express Scripts: Another Potential Amazon Victim?” on October 10, 2017. More interesting news about Express Scripts Holding Company (NASDAQ:ESRX) was released by: Benzinga.com and their article: “Wall Street’s M&A Chatter From October 10: SeaWorld, Johnson Controls, Express …” with publication date: October 11, 2017.

Analysts await Express Scripts Holding Company (NASDAQ:ESRX) to report earnings on October, 24 after the close. They expect $1.90 earnings per share, up 9.20% or $0.16 from last year’s $1.74 per share. ESRX’s profit will be $1.09B for 7.61 P/E if the $1.90 EPS becomes a reality. After $1.73 actual earnings per share reported by Express Scripts Holding Company for the previous quarter, Wall Street now forecasts 9.83% EPS growth.

Investors sentiment decreased to 0.56 in Q2 2017. Its down 0.07, from 0.63 in 2017Q1. It dropped, as 113 investors sold ESRX shares while 436 reduced holdings. 75 funds opened positions while 234 raised stakes. 499.72 million shares or 1.80% less from 508.89 million shares in 2017Q1 were reported. Tdam Usa invested 0.12% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Segall Bryant And Hamill Lc reported 0.01% in Express Scripts Holding Company (NASDAQ:ESRX). Choate Investment Advisors invested in 18,836 shares. Burke And Herbert State Bank And Tru accumulated 0.27% or 4,682 shares. 7.09 million are owned by Massachusetts Finance Services Ma. South State owns 0.6% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 73,449 shares. Central Bancorp & stated it has 0.02% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). 65,944 were reported by Dnb Asset Mgmt As. Solaris Asset Mngmt Limited Liability holds 2,337 shares. Endurant Cap LP holds 2.34% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX) for 129,490 shares. Moreover, Parsons Cap Ri has 0.21% invested in Express Scripts Holding Company (NASDAQ:ESRX). Northcoast Asset Mngmt Limited Liability Company reported 2.57% stake. Acadian Asset Llc reported 485,823 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.15% or 231,525 shares in its portfolio. Capstone Asset Management reported 0.1% stake.

More notable recent Cognizant Technology Solutions Corp (NASDAQ:CTSH) news were published by: Seekingalpha.com which released: “Cognizant Technology Solutions (CTSH) Q2 2017 Results – Earnings Call Transcript” on August 03, 2017, also Nytimes.com with their article: “US Justice, State Departments Join Forces to Probe Companies Abusing Visa Programs” published on October 11, 2017, Nasdaq.com published: “Strategy To YieldBoost Cognizant Technology Solutions Corp. From 0.8% To 6.7 …” on September 15, 2017. More interesting news about Cognizant Technology Solutions Corp (NASDAQ:CTSH) were released by: Barrons.com and their article: “IT Leader Finds New Ways to Reward Shareholders” published on October 07, 2017 as well as Seekingalpha.com‘s news article titled: “Cognizant Technology Solutions (CTSH) Q1 2017 Results – Earnings Call Transcript” with publication date: May 05, 2017.

Since April 28, 2017, it had 0 buys, and 20 sales for $8.33 million activity. 12,000 shares were sold by Veeraraghavachary Srinivasan, worth $750,000. The insider CHINTAMANENI RAMAKRISHNA PRASAD sold $361,800. Kandiah Gajakarnan Vibushanan also sold $62,841 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Friday, April 28. Middleton Sean had sold 1,890 shares worth $117,180. The insider SINHA DHARMENDRA KUMAR sold 9,253 shares worth $601,445. The insider KRISHNASWAMY VENKAT sold $412,978.

Oppenheimer Asset Management Inc, which manages about $12.85B and $3.62B US Long portfolio, decreased its stake in Unilever Plc (NYSE:UL) by 20,159 shares to 86,217 shares, valued at $4.67M in 2017Q2, according to the filing. It also reduced its holding in Danaher Corp Del (NYSE:DHR) by 9,700 shares in the quarter, leaving it with 84,791 shares, and cut its stake in Southern Co (NYSE:SO).

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