Caledonia Investments Plc Cut Microsoft (MSFT) Stake by $9.10 Million; Stock Value Rose; As Cognizant Technology Solutio (CTSH) Stock Price Declined, Harding Loevner LP Decreased by $12.81 Million Its Stake

August 12, 2018 - By Megan Stone

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Harding Loevner Lp decreased its stake in Cognizant Technology Solutio (CTSH) by 7.82% based on its latest 2018Q1 regulatory filing with the SEC. Harding Loevner Lp sold 160,114 shares as the company’s stock declined 8.67% with the market. The hedge fund held 1.89 million shares of the edp services company at the end of 2018Q1, valued at $151.91M, down from 2.05 million at the end of the previous reported quarter. Harding Loevner Lp who had been investing in Cognizant Technology Solutio for a number of months, seems to be less bullish one the $43.84B market cap company. The stock decreased 0.92% or $0.7 during the last trading session, reaching $75.56. About 2.59M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 13.31% since August 12, 2017 and is uptrending. It has outperformed by 0.74% the S&P500. Some Historical CTSH News: 07/05/2018 – COGNIZANT TECHNOLOGY SOLUTIONS CORP CTSH.O SEES FY 2018 REVENUE $16.05 BLN TO $16.3 BLN; 03/04/2018 – COGNIZANT TECHNOLOGY SOLUTIONS – AS PART OF STAY ORDER, TO DEPOSIT $75 MLN TO BE KEPT IN SUSPENSE ACCOUNT BY ITD, WITH REMAINDER MARKED UNDER LIEN; 02/05/2018 – Cognizant Tech Solutions Buys Privately-Held Hedera Consulting for Undisclosed Terms; 14/03/2018 – Glancy Prongay & Murray LLP Commences Investigation on Behalf of Cognizant Technology Solutions Corporation Investors (CTSH); 14/05/2018 – Comgest Exits Criteo, Cuts Netease, Buys More Cognizant: 13F; 27/03/2018 – India tax department freezes certain Cognizant bank accounts-report; 07/05/2018 – Cognizant Cuts 2018 Adjusted EPS View on Higher-Than-Expected Tax Rate; 03/04/2018 – COGNIZANT TECHNOLOGY SOLUTIONS – HIGH COURT IN CHENNAI ALSO GRANTED CO’S APPLICATION FOR A LIFTING OF THE ITD’S ATTACHMENT OF CO’S BANK ACCOUNTS

Caledonia Investments Plc decreased its stake in Microsoft Corp (MSFT) by 14.86% based on its latest 2018Q1 regulatory filing with the SEC. Caledonia Investments Plc sold 100,000 shares as the company’s stock rose 3.08% while stock markets declined. The institutional investor held 573,000 shares of the prepackaged software company at the end of 2018Q1, valued at $52.30M, down from 673,000 at the end of the previous reported quarter. Caledonia Investments Plc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $835.84B market cap company. The stock decreased 0.61% or $0.67 during the last trading session, reaching $109. About 14.51M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 41.28% since August 12, 2017 and is uptrending. It has outperformed by 28.71% the S&P500. Some Historical MSFT News: 23/04/2018 – Microsoft Is Accelerating AI Adoption in Asia-Pacific (Video); 31/03/2018 – JUSTICE DEPARTMENT ASKS HIGH COURT TO DROP MICROSOFT EMAIL CASE; 15/05/2018 – TIGER GLOBAL MANAGEMENT DISSOLVES SHARE STAKE IN COMCAST CORP; 13/04/2018 – KBRA Releases Macro-Market Research: The EU’s Hungary Drama; 13/04/2018 – Microsoft represented 16 percent of Arista’s revenue in 2017; 21/03/2018 – Hensel Phelps at Work on $13.5 Billion in Active Projects, Mostly for Tech Leaders Intel, Microsoft, an Industrial Info News Al; 18/04/2018 – Integrated Electronic Payment Processing, Management and Supplier Onboarding for Microsoft Dynamics GP Clients now offered thro; 11/04/2018 – Source-to-Pay Leader Determine, Inc. Increases Position in Top Analyst Firm Spend Matters April 2018 SolutionMap(SM) Rankings; 15/05/2018 – THIRD POINT LLC – CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017; 19/03/2018 – BLACKBERRY – COS HAVE COLLABORATED ON “FIRST-OF-ITS-KIND” SOLUTION CALLED BLACKBERRY ENTERPRISE BRIDGE

More news for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) were recently published by: Fool.com, which released: “Why Cognizant Can’t Satisfy Its Skeptics” on August 02, 2018. Bizjournals.com‘s article titled: “By Hayley Ringle – Reporter, Phoenix Business Journal” and published on August 09, 2018 is yet another important article.

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. HSBC downgraded the shares of CTSH in report on Thursday, June 8 to “Hold” rating. Jefferies maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Wednesday, October 11 with “Buy” rating. Credit Suisse maintained the stock with “Buy” rating in Tuesday, May 8 report. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Wednesday, September 6 by KeyBanc Capital Markets. The firm has “Neutral” rating given on Thursday, September 15 by Goldman Sachs. The stock has “Outperform” rating by BMO Capital Markets on Thursday, November 2. The rating was maintained by Citigroup on Tuesday, October 31 with “Neutral”. Loop Capital initiated Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, January 10 with “Hold” rating. The rating was downgraded by Argus Research on Friday, September 30 to “Hold”. The firm earned “Strong Buy” rating on Wednesday, November 1 by Needham.

Harding Loevner Lp, which manages about $36.30 billion and $19.24B US Long portfolio, upped its stake in Fresenius Med Care Ag&Co Kga (NYSE:FMS) by 240,540 shares to 4.24 million shares, valued at $216.42M in 2018Q1, according to the filing. It also increased its holding in Yandex N V (NASDAQ:YNDX) by 87,724 shares in the quarter, for a total of 3.80M shares, and has risen its stake in Grupo Aeroportuario Del Sure (NYSE:ASR).

Since February 14, 2018, it had 1 buying transaction, and 40 insider sales for $12.27 million activity. 232 shares valued at $18,908 were sold by Middleton Sean on Tuesday, July 10. $150,014 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by McLoughlin Karen. $85,390 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Frank Malcolm on Tuesday, June 5. $64,798 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Shaheen Allen. On Tuesday, March 6 the insider Breakiron-Evans Maureen sold $1.66 million. $205,725 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Veeraraghavachary Srinivasan on Tuesday, March 27.

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 $620.84M for 17.65 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.

Investors sentiment decreased to 0.97 in Q1 2018. Its down 0.22, from 1.19 in 2017Q4. It fall, 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. Mitsubishi Ufj Trust And Banking Corporation owns 1.21M shares. Alyeska Invest Gp Lp reported 0.4% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Enterprise Corp holds 0.25% or 5,988 shares in its portfolio. Congress Asset Management Ma accumulated 0.24% or 213,477 shares. Cornerstone Inc owns 2,828 shares. The Iowa-based Dubuque Retail Bank And Tru has invested 0.01% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Massachusetts-based Natixis Limited Partnership has invested 0.18% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Peak6 Investments LP holds 0.01% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 34,075 shares. Muhlenkamp has 94,534 shares. Veritas Inv Management Limited Liability Partnership reported 827,377 shares stake. Psagot Investment House holds 0.27% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 76,995 shares. 1St Source Retail Bank reported 0.11% stake. Natl Asset Mgmt invested in 5,910 shares. Mutual Of America Cap Mngmt Ltd Com invested in 0.15% or 123,296 shares. Of Oklahoma reported 0% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 32 have Buy rating, 1 Sell and 4 Hold. Therefore 86% are positive. Microsoft Corporation had 208 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Wednesday, January 31 with “Buy”. As per Friday, July 21, the company rating was maintained by UBS. The firm has “Buy” rating given on Friday, January 29 by UBS. Morgan Stanley maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, February 2. Morgan Stanley has “Overweight” rating and $110 target. The rating was maintained by Morgan Stanley on Monday, June 19 with “Buy”. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Neutral” rating by Goldman Sachs on Friday, December 18. William Blair upgraded the stock to “Outperform” rating in Friday, October 21 report. The firm has “Outperform” rating given on Wednesday, July 20 by BMO Capital Markets. On Wednesday, September 2 the stock rating was upgraded by Vetr to “Strong-Buy”. The firm has “Buy” rating given on Thursday, February 1 by Stifel Nicolaus.

Since February 16, 2018, it had 1 buying transaction, and 4 sales for $1.39 million activity. The insider PETERSON SANDRA E bought $550,606.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on October, 25. They expect $0.96 earnings per share, up 14.29% or $0.12 from last year’s $0.84 per share. MSFT’s profit will be $7.36 billion for 28.39 P/E if the $0.96 EPS becomes a reality. After $1.13 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -15.04% negative EPS growth.

Investors sentiment decreased to 0.74 in 2018 Q1. Its down 0.03, from 0.77 in 2017Q4. It worsened, as 49 investors sold MSFT shares while 1035 reduced holdings. 142 funds opened positions while 665 raised stakes. 5.38 billion shares or 1.45% less from 5.46 billion shares in 2017Q4 were reported. Kornitzer Capital Mngmt Ks has 1.84% invested in Microsoft Corporation (NASDAQ:MSFT) for 1.18M shares. Canada Pension Plan Board accumulated 18.22M shares or 2.8% of the stock. Schafer Cullen Cap Mgmt owns 1.30M shares for 1.43% of their portfolio. Moreover, Hudson Bay Cap Limited Partnership has 0.24% invested in Microsoft Corporation (NASDAQ:MSFT). Fragasso Gru Inc accumulated 28,492 shares. Prudential Fincl owns 1.99% invested in Microsoft Corporation (NASDAQ:MSFT) for 14.32M shares. Mercer Advisers Inc holds 5.39% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 80,274 shares. Perkins Coie Tru invested in 3.94% or 86,904 shares. Mason Street Advsr Limited Liability Com stated it has 1.07 million shares or 2.3% of all its holdings. Sabal invested in 344,980 shares. Green Square Capital Ltd Limited Liability Company reported 15,032 shares or 0.22% of all its holdings. Gilman Hill Asset Mngmt Ltd Llc stated it has 0.46% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Birch Hill Ltd Co holds 4.2% in Microsoft Corporation (NASDAQ:MSFT) or 555,189 shares. Brandes Investment Ptnrs Lp holds 1.69% or 867,833 shares in its portfolio. Grandfield And Dodd Llc invested in 4.44% or 435,672 shares.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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