Ejf Capital Cut Stake in Connectone Bancorp New (CNOB) as Stock Price Rose; Cim Has Decreased Holding in Cognizant Technology Solutio (CTSH) by $590,862

April 17, 2018 - By Marie Mckinney

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Cim Llc decreased its stake in Cognizant Technology Solutio (CTSH) by 5.7% based on its latest 2017Q4 regulatory filing with the SEC. Cim Llc sold 8,322 shares as the company’s stock rose 11.69% while stock markets declined. The institutional investor held 137,743 shares of the edp services company at the end of 2017Q4, valued at $9.78 million, down from 146,065 at the end of the previous reported quarter. Cim Llc who had been investing in Cognizant Technology Solutio for a number of months, seems to be less bullish one the $48.33 billion market cap company. The stock increased 0.51% or $0.42 during the last trading session, reaching $82.19. About 2.68 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 36.40% since April 17, 2017 and is uptrending. It has outperformed by 24.85% the S&P500.

Emanuel J. Friedman decreased its stake in Connectone Bancorp Inc New (CNOB) by 9.09% based on its latest 2017Q4 regulatory filing with the SEC. Ejf Capital Llc sold 50,000 shares as the company’s stock rose 9.79% while stock markets declined. The hedge fund run by Emanuel J. Friedman held 500,000 shares of the finance company at the end of 2017Q4, valued at $12.88 million, down from 550,000 at the end of the previous reported quarter. Ejf Capital Llc who had been investing in Connectone Bancorp Inc New for a number of months, seems to be less bullish one the $926.64M market cap company. The stock increased 0.35% or $0.1 during the last trading session, reaching $28.85. About 104,018 shares traded. ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has risen 27.02% since April 17, 2017 and is uptrending. It has outperformed by 15.47% the S&P500.

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on May, 7 before the open. They expect $0.98 EPS, up 24.05% or $0.19 from last year’s $0.79 per share. CTSH’s profit will be $576.29M for 20.97 P/E if the $0.98 EPS becomes a reality. After $0.96 actual EPS reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts 2.08% 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 90 analyst reports since August 6, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Wednesday, February 7 with “Buy” rating. The company was upgraded on Friday, January 6 by Wedbush. Credit Suisse maintained the stock with “Buy” rating in Thursday, November 2 report. The firm has “Underperform” rating by CLSA given on Wednesday, September 14. The firm has “Buy” rating given on Thursday, August 3 by RBC Capital Markets. The stock has “Outperform” rating by William Blair on Wednesday, November 1. The firm has “Buy” rating given on Friday, September 30 by HSBC. As per Tuesday, January 31, the company rating was downgraded by Morgan Stanley. Monness Crespi & Hardt maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Thursday, November 5. Monness Crespi & Hardt has “Buy” rating and $77 target. The firm has “Buy” rating given on Tuesday, November 8 by Needham.

Since December 7, 2017, it had 1 buying transaction, and 40 sales for $51.92 million activity. CHATTERJEE DEBASHIS sold $136,354 worth of stock. 19,500 shares valued at $1.40M were sold by fox John nelson JR on Tuesday, December 12. Another trade for 1,791 shares valued at $150,014 was made by McLoughlin Karen on Thursday, March 15. $1.93M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by RAMAKRISHNAN CHANDRASEKARAN. 42,500 shares valued at $3.27 million were sold by Mehta Rajeev on Thursday, January 18. GOMATAM SUMITHRA sold $85,326 worth of stock or 1,060 shares.

Cim Llc, which manages about $285.00M and $255.04 million US Long portfolio, upped its stake in Monster Beverage Corp New by 9,314 shares to 175,012 shares, valued at $11.08M in 2017Q4, according to the filing. It also increased its holding in Disney Walt Co (NYSE:DIS) by 7,155 shares in the quarter, for a total of 85,487 shares, and has risen its stake in Thor Inds Inc (NYSE:THO).

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.16, from 1.03 in 2017Q3. It is positive, as 46 investors sold CTSH shares while 285 reduced holdings. 107 funds opened positions while 288 raised stakes. 491.94 million shares or 0.85% more from 487.81 million shares in 2017Q3 were reported. Buckingham Management Inc has 15,474 shares for 0.23% of their portfolio. 50,656 are owned by Dillon. Laurion Cap Mgmt Ltd Partnership owns 6,400 shares or 0% of their US portfolio. South Dakota Invest Council stated it has 0.13% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Chesley Taft Ltd Com holds 0.59% or 97,430 shares in its portfolio. 12,182 are held by Advisor Prns Limited Co. 36,250 were accumulated by Deltec Asset Mgmt Limited Liability Com. Eagle Ridge Inv Mgmt has 100,397 shares. Boston Common Asset Management Limited Liability holds 64,731 shares or 0.55% of its portfolio. Moreover, Bartlett & Lc has 0% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 1,466 shares. Paradigm Asset Limited Liability Corp, New York-based fund reported 34,000 shares. Financial Bank Of America De invested in 0.03% or 2.38 million shares. Carroll Fincl Associate accumulated 417 shares or 0% of the stock. Teachers Retirement System Of The State Of Kentucky reported 67,400 shares. 16,445 are held by Girard Ltd.

Analysts await ConnectOne Bancorp, Inc. (NASDAQ:CNOB) to report earnings on April, 25 before the open. They expect $0.53 EPS, up 43.24% or $0.16 from last year’s $0.37 per share. CNOB’s profit will be $17.02 million for 13.61 P/E if the $0.53 EPS becomes a reality. After $0.51 actual EPS reported by ConnectOne Bancorp, Inc. for the previous quarter, Wall Street now forecasts 3.92% EPS growth.

Ejf Capital Llc, which manages about $7.64B and $1.25B US Long portfolio, upped its stake in Comerica Inc (NYSE:CMA) by 440,000 shares to 740,000 shares, valued at $64.24 million in 2017Q4, according to the filing. It also increased its holding in Simon Ppty Group Inc New (NYSE:SPG) by 3,000 shares in the quarter, for a total of 6,000 shares, and has risen its stake in Flagstar Bancorp Inc (NYSE:FBC).

Among 6 analysts covering Connectone Bancorp (NASDAQ:CNOB), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Connectone Bancorp had 13 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, February 26 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained it with “Buy” rating and $3000 target in Thursday, July 27 report. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The rating was maintained by Raymond James on Tuesday, April 3 with “Strong Buy”. The firm has “Sell” rating by Zacks given on Monday, August 10. The company was maintained on Thursday, November 17 by FBR Capital. The rating was maintained by Maxim Group on Monday, December 19 with “Buy”. The firm has “Buy” rating by Maxim Group given on Tuesday, December 15. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Wednesday, September 6 report. The rating was initiated by Piper Jaffray on Monday, March 7 with “Overweight”.

Investors sentiment decreased to 1.49 in 2017 Q4. Its down 0.08, from 1.57 in 2017Q3. It turned negative, as 4 investors sold CNOB shares while 33 reduced holdings. 13 funds opened positions while 42 raised stakes. 20.62 million shares or 2.86% less from 21.22 million shares in 2017Q3 were reported. Moreover, Gsa Partners Llp has 0.02% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). 19,640 were reported by Systematic Fin Mngmt Lp. Legal And General Gru Plc reported 8,146 shares stake. Mutual Of America Mgmt Limited Co invested in 2,000 shares or 0% of the stock. Price T Rowe Incorporated Md has 19,056 shares for 0% of their portfolio. Kennedy holds 0.09% or 194,371 shares in its portfolio. Cap Advsrs Ltd Liability Com reported 0.04% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Bnp Paribas Arbitrage reported 13,810 shares or 0% of all its holdings. National Bank Of Mellon Corp invested in 0% or 201,570 shares. Assetmark Inc has 22 shares. Wells Fargo Mn holds 57,249 shares or 0% of its portfolio. California State Teachers Retirement holds 0% or 47,619 shares. Glenmede Trust Na holds 1,084 shares. Alliancebernstein Limited Partnership invested in 66,931 shares. Brown Advisory holds 1.27M shares.

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

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