As Cognizant Technology Solutio (CTSH) Stock Value Rose, Meridian Management Co Cut Stake by $825,912; Wells Fargo & Company Raised Air Prods & Chems (APD) Holding by $543.39 Million; Stock Value Rose

February 22, 2018 - By Migdalia James

Meridian Management Co decreased its stake in Cognizant Technology Solutio (CTSH) by 27.04% based on its latest 2017Q3 regulatory filing with the SEC. Meridian Management Co sold 11,471 shares as the company’s stock rose 12.87% with the market. The institutional investor held 30,950 shares of the edp services company at the end of 2017Q3, valued at $2.25M, down from 42,421 at the end of the previous reported quarter. Meridian Management Co who had been investing in Cognizant Technology Solutio for a number of months, seems to be less bullish one the $48.12 billion market cap company. The stock decreased 0.23% or $0.19 during the last trading session, reaching $81.61. About 3.34M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since February 22, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.




Wells Fargo & Company increased its stake in Air Prods & Chems Inc (APD) by 1703.88% based on its latest 2017Q3 regulatory filing with the SEC. Wells Fargo & Company bought 3.60M shares as the company’s stock rose 1.13% with the market. The institutional investor held 3.81 million shares of the basic industries company at the end of 2017Q3, valued at $576.12 million, up from 211,200 at the end of the previous reported quarter. Wells Fargo & Company who had been investing in Air Prods & Chems Inc for a number of months, seems to be bullish on the $35.59B market cap company. The stock increased 1.13% or $1.81 during the last trading session, reaching $162.57. About 704,741 shares traded. Air Products and Chemicals, Inc. (NYSE:APD) has risen 9.23% since February 22, 2017 and is uptrending. It has underperformed by 7.47% the S&P500.

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 25 have Buy rating, 1 Sell and 7 Hold. Therefore 76% are positive. Cognizant Technology Solutions Corp. had 89 analyst reports since August 6, 2015 according to SRatingsIntel. Sterne Agee CRT initiated Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Thursday, December 17 with “Neutral” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, January 31. The company was maintained on Wednesday, February 7 by SunTrust. Barclays Capital maintained the shares of CTSH in report on Thursday, February 8 with “Overweight” rating. The stock has “Buy” rating by RBC Capital Markets on Thursday, November 9. The stock has “Hold” rating by HSBC on Thursday, June 8. Credit Suisse maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Thursday, November 2. Credit Suisse has “Buy” rating and $89.0 target. Needham maintained the shares of CTSH in report on Wednesday, February 7 with “Buy” rating. As per Friday, September 30, the company rating was downgraded by Citigroup. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Buy”.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.27, from 0.76 in 2017Q2. It increased, 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. Georgia-based Cornercap Invest Counsel Inc has invested 0.15% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Fukoku Mutual Life Communications accumulated 3,400 shares or 0.04% of the stock. Moreover, Flossbach Von Storch Ag has 0.18% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 239,450 shares. Cibc Ww Corp reported 132,801 shares. North Star Invest Mngmt reported 402 shares. X Management Lc reported 7,863 shares. Seizert Cap Prtn Lc reported 0.44% stake. Boltwood Capital Mngmt reported 0.75% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Moneta Grp Inc Invest Advisors Limited Liability accumulated 3,041 shares or 0.03% of the stock. Clough Ptnrs Ltd Partnership stated it has 1.6% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Virginia Retirement Et Al owns 143,300 shares. Manufacturers Life Insurance The owns 1.00M shares. Jane Street Gp Lc owns 9,424 shares. Nordea Mgmt holds 10.08M shares or 1.76% of its portfolio. Veritas Investment Mgmt Ltd Liability Partnership invested 7.36% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on May, 4. They expect $0.99 EPS, up 25.32% or $0.20 from last year’s $0.79 per share. CTSH’s profit will be $583.75M for 20.61 P/E if the $0.99 EPS becomes a reality. After $0.96 actual EPS reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts 3.13% EPS growth.

Since August 28, 2017, it had 0 buys, and 41 sales for $62.43 million activity. RAMAKRISHNAN CHANDRASEKARAN also sold $1.83M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. Mehta Rajeev sold $671,882 worth of stock or 8,559 shares. Lennox James Patrick sold 1,725 shares worth $123,456. $592,000 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by GOMATAM SUMITHRA. $182,500 worth of stock was sold by Veeraraghavachary Srinivasan on Tuesday, September 12. Another trade for 19,500 shares valued at $1.40 million was made by fox John nelson JR on Tuesday, December 12.

Wells Fargo & Company, which manages about $322.95 billion US Long portfolio, decreased its stake in Bank New York Mellon Corp (NYSE:BK) by 272,838 shares to 2.57 million shares, valued at $136.21M in 2017Q3, according to the filing. It also reduced its holding in Aberdeen Asia Pacific Incom (FAX) by 364,098 shares in the quarter, leaving it with 3.23 million shares, and cut its stake in Powershares Etf Trust (PDP).

Among 20 analysts covering Air Products & Chemicals (NYSE:APD), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Air Products & Chemicals had 58 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Tuesday, January 30 by KeyBanc Capital Markets. Global Hunter Securities upgraded the shares of APD in report on Tuesday, August 4 to “” rating. J.P. Morgan downgraded the stock to “Hold” rating in Monday, January 29 report. The stock has “Neutral” rating by Citigroup on Friday, July 29. The firm has “Overweight” rating given on Monday, January 11 by KeyBanc Capital Markets. The rating was maintained by KeyBanc Capital Markets on Thursday, October 26 with “Buy”. The rating was maintained by SunTrust with “Buy” on Friday, January 26. The stock of Air Products and Chemicals, Inc. (NYSE:APD) has “Buy” rating given on Monday, January 29 by Seaport Global. The firm earned “Buy” rating on Monday, January 29 by Credit Suisse. The rating was upgraded by J.P. Morgan on Friday, February 9 to “Buy”.

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