As Cognizant Tech Solutions (CTSH) Market Value Rose, Shareholder Bluespruce Investments LP Decreased Its Stake; Baidu (BIDU) Shareholder Artisan Partners Limited Partnership Has Lowered Its Position

January 19, 2018 - By Hazel Jackson

Bluespruce Investments Lp decreased its stake in Cognizant Tech Solutions (CTSH) by 6.62% based on its latest 2017Q3 regulatory filing with the SEC. Bluespruce Investments Lp sold 28,113 shares as the company’s stock rose 12.87% with the market. The hedge fund held 396,790 shares of the edp services company at the end of 2017Q3, valued at $28.78M, down from 424,903 at the end of the previous reported quarter. Bluespruce Investments Lp who had been investing in Cognizant Tech Solutions for a number of months, seems to be less bullish one the $45.48 billion market cap company. The stock increased 0.50% or $0.38 during the last trading session, reaching $77.13. About 1.83 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since January 19, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

Artisan Partners Limited Partnership decreased its stake in Baidu Inc (BIDU) by 13.64% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 1.09 million shares as the company’s stock rose 1.94% with the market. The institutional investor held 6.89 million shares of the technology company at the end of 2017Q3, valued at $1.71B, down from 7.98M at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $88.67B market cap company. The stock increased 0.16% or $0.42 during the last trading session, reaching $255.38. About 1.41M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 19, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on February, 14. They expect $0.88 earnings per share, up 15.79% or $0.12 from last year’s $0.76 per share. CTSH’s profit will be $518.88M for 21.91 P/E if the $0.88 EPS becomes a reality. After $0.93 actual earnings per share reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts -5.38% negative EPS growth.

Since August 4, 2017, it had 0 buys, and 36 sales for $45.65 million activity. Lennox James Patrick had sold 7,315 shares worth $509,779. On Wednesday, August 16 Veeraraghavachary Srinivasan sold $180,000 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 2,500 shares. On Tuesday, October 10 the insider CHATTERJEE DEBASHIS sold $162,060. Mehta Rajeev sold $2.50M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, September 12. Another trade for 479 shares valued at $34,205 was made by Middleton Sean on Friday, September 8. RAMAKRISHNAN CHANDRASEKARAN sold $1.80 million worth of stock.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.27, from 0.76 in 2017Q2. It improved, as 37 investors sold CTSH shares while 296 reduced holdings. 99 funds opened positions while 244 raised stakes. 487.81 million shares or 3.03% less from 503.05 million shares in 2017Q2 were reported. Clearbridge Invests Limited Liability Company invested in 803 shares or 0% of the stock. Capital Wealth Planning Limited Co reported 21,000 shares. Clough Cap Ltd Partnership invested in 328,900 shares or 1.6% of the stock. Nationwide Fund Advsr invested in 0.1% or 362,497 shares. Moon Cap Mgmt reported 71,224 shares or 5.98% of all its holdings. Roundview Ltd Liability invested in 0.28% or 14,233 shares. Bessemer Group Inc accumulated 2.32 million shares. Alta Management Ltd Liability owns 659,076 shares. Barrington Strategic Wealth Mngmt Grp Inc Limited Liability Co stated it has 0.48% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Loring Wolcott Coolidge Fiduciary Ltd Liability Partnership Ma holds 2.46% or 1.75 million shares in its portfolio. Edgewood Management Llc accumulated 16.92M shares. Forte Limited Liability Corporation Adv invested in 30,725 shares or 0.71% of the stock. Glg reported 0.11% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Sheets Smith Wealth Mngmt accumulated 12,101 shares or 0.22% of the stock. Gateway Invest Advisers Ltd Llc holds 355,741 shares.

Among 30 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 24 have Buy rating, 1 Sell and 5 Hold. Therefore 80% are positive. Cognizant Technology Solutions Corp. had 76 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Thursday, November 9 by RBC Capital Markets. On Thursday, November 2 the stock rating was maintained by Credit Suisse with “Buy”. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Wednesday, July 20 by Citigroup. The stock has “Buy” rating by Monness Crespi & Hardt on Thursday, November 5. The company was downgraded on Friday, September 30 by Citigroup. On Friday, February 19 the stock rating was initiated by Cowen & Co with “Outperform”. Bank of America downgraded Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, November 22 to “Underperform” rating. On Sunday, October 29 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Thursday, September 10 by Suntrust Robinson. RBC Capital Markets maintained the shares of CTSH in report on Tuesday, September 5 with “Buy” rating.

Bluespruce Investments Lp, which manages about $352.80 million and $530.54 million US Long portfolio, upped its stake in Class A by 438,394 shares to 1.02 million shares, valued at $44.57M in 2017Q3, according to the filing. It also increased its holding in Vantiv Inc (NYSE:VNTV) by 95,317 shares in the quarter, for a total of 794,528 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on February, 22. They expect $1.66 earnings per share, up 3.75% or $0.06 from last year’s $1.6 per share. BIDU’s profit will be $576.39 million for 38.46 P/E if the $1.66 EPS becomes a reality. After $3.62 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14% negative EPS growth.

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