Horizon Investment Services Increased Cognizant Technology Solutio (CTSH) Position by $1.55 Million; Market Valuation Declined; Bank Of The West Has Raised Position in Bank New York Mellon (BK) by $344,607

August 12, 2018 - By Matthew Richard

The Bank of New York Mellon Corporation (NYSE:BK) Logo

Horizon Investment Services Llc increased its stake in Cognizant Technology Solutio (CTSH) by 45.49% based on its latest 2018Q1 regulatory filing with the SEC. Horizon Investment Services Llc bought 19,360 shares as the company’s stock declined 8.67% with the market. The institutional investor held 61,920 shares of the edp services company at the end of 2018Q1, valued at $4.99 million, up from 42,560 at the end of the previous reported quarter. Horizon Investment Services Llc who had been investing in Cognizant Technology Solutio for a number of months, seems to be bullish on 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: 28/03/2018 – Financial Chron: Paid all applicable taxes, I-T dept’s position without merit: Cognizant; 14/03/2018 – COGNIZANT LAUNCHES $300M ACCELERATED SHARE BUYBACK; 03/04/2018 – Cognizant Defends Tax Position At Chennai High Court Hearing; High Court Lifts Attachment Of Cognizant Accounts; 07/05/2018 – COGNIZANT TECHNOLOGY SOLUTIONS CORP CTSH.O FY2018 SHR VIEW $4.55, REV VIEW $16.23 BLN — THOMSON REUTERS l/B/E/S; 07/05/2018 – Cognizant Tech Solutions Now Sees 2018 Adjusted EPS at Least $4.47; 07/05/2018 – Cognizant Tech Solutions 1Q EPS 88c; 14/05/2018 – Comgest Exits Criteo, Cuts Netease, Buys More Cognizant: 13F; 07/05/2018 – Cognizant Tech Solutions Sees 2Q Adj EPS $1.09; 29/03/2018 – Cognizant Named a Leader in Gartner Magic Quadrant for CRM and Customer Experience Implementation Services, Worldwide; 02/05/2018 – Cognizant Acquires Hedera Consulting, A Belgian Advisory And Analytics Company

Bank Of The West increased its stake in Bank New York Mellon Corp (BK) by 22.01% based on its latest 2018Q1 regulatory filing with the SEC. Bank Of The West bought 6,757 shares as the company’s stock declined 2.03% with the market. The institutional investor held 37,450 shares of the major banks company at the end of 2018Q1, valued at $1.93M, up from 30,693 at the end of the previous reported quarter. Bank Of The West who had been investing in Bank New York Mellon Corp for a number of months, seems to be bullish on the $51.02B market cap company. The stock decreased 2.43% or $1.27 during the last trading session, reaching $51.02. About 13.59M shares traded or 164.79% up from the average. The Bank of New York Mellon Corporation (NYSE:BK) has risen 20.30% since August 12, 2017 and is uptrending. It has outperformed by 7.73% the S&P500. Some Historical BK News: 08/03/2018 – BNY MELLON CEO CHARLES SCHARF COMMENTS AT INVESTOR DAY; 05/03/2018 – REG-Bank of New York Mellon FRN Variable Rate Fix; 08/05/2018 – Endowment Plans Beat First Dip in Plan Sponsor Returns Since 3Q 2016, according to BNY Mellon U.S. Master Trust Universe/Asset; 28/03/2018 – 87UC: Bank of New York Mellon: FRN Variable Rate Fix; 20/04/2018 – 76WU: Bank of New York Mellon: FRN Variable Rate Fix; 05/04/2018 – THIRTEEN BIG MUTUAL FUND FIRMS AGREE WITH NEW YORK ATTORNEY GENERAL TO BOOST DISCLOSURES TO RETAIL INVESTORS; 12/03/2018 – 62BZ: Bank of New York Mellon: FRN Variable Rate Fix; 08/03/2018 – BNY Mellon’s Scharf plays it pragmatic at debut investor day; 01/05/2018 – 96XH: Bank of New York Mellon: FRN Variable Rate Fix; 19/04/2018 – Bank of New York Mellon 1Q Pretax Operating Margin 35%

Investors sentiment decreased to 0.97 in Q1 2018. Its down 0.22, from 1.19 in 2017Q4. It dived, 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. Cambridge Investment Advsr holds 0.06% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 63,936 shares. Nichols & Pratt Advisers Limited Liability Partnership Ma owns 0.09% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 12,040 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 0.07% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Nomura Asset Co Limited owns 87,630 shares for 0.08% of their portfolio. Tower Research Capital Lc (Trc) accumulated 8,509 shares or 0.06% of the stock. Pub Sector Pension Invest Board stated it has 0.02% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Meridian Mgmt reported 30,845 shares stake. Moreover, Stifel Financial Corp has 0.04% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 152,774 shares. M Secs accumulated 0.19% or 7,660 shares. Alphaone Investment Svcs Ltd Liability owns 1,378 shares or 0.03% of their US portfolio. Atria Invests Limited Liability Co holds 26,594 shares. Girard Ltd reported 18,940 shares. Oregon Employees Retirement Fund holds 0.17% or 139,802 shares. Guinness Atkinson Asset accumulated 5.3% or 107,780 shares. Prudential Incorporated has invested 0.4% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

Since February 14, 2018, it had 1 insider buy, and 40 sales for $12.27 million activity. $150,014 worth of stock was sold by McLoughlin Karen on Thursday, March 15. Lennox James Patrick sold $361,983 worth of stock. 2,874 shares were sold by Friedrich Matthew W., worth $220,871. Another trade for 1,600 shares valued at $126,366 was sold by Mackay Leo S. Jr.. $89,584 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Frank Malcolm. fox John nelson JR also sold $467,313 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares.

More news for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) were recently published by: Bizjournals.com, which released: “By Hayley Ringle – Reporter, Phoenix Business Journal” on August 09, 2018. Seekingalpha.com‘s article titled: “Cognizant Technology -3.8% on Q2 revenue miss, downside rev guide” and published on August 02, 2018 is yet another important article.

Horizon Investment Services Llc, which manages about $205.38 million and $221.71 million US Long portfolio, decreased its stake in Amgen Inc (NASDAQ:AMGN) by 26,374 shares to 1,855 shares, valued at $316,000 in 2018Q1, according to the filing. It also reduced its holding in Alphabet Inc by 291 shares in the quarter, leaving it with 4,668 shares, and cut its stake in Applied Matls Inc (NASDAQ:AMAT).

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. The company was maintained on Thursday, October 19 by Robert W. Baird. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Thursday, August 6 by Needham. Argus Research downgraded the stock to “Hold” rating in Friday, September 30 report. The firm has “Buy” rating given on Wednesday, February 7 by RBC Capital Markets. Citigroup maintained it with “Neutral” rating and $75 target in Tuesday, October 31 report. The rating was maintained by Barclays Capital on Monday, October 30 with “Overweight”. The company was maintained on Monday, October 10 by Jefferies. The company was upgraded on Wednesday, November 1 by William Blair. The rating was maintained by Morgan Stanley on Tuesday, May 8 with “Equal-Weight”. On Tuesday, May 8 the stock rating was maintained by Credit Suisse with “Buy”.

Bank Of The West, which manages about $798.82 million US Long portfolio, decreased its stake in Kroger Co (NYSE:KR) by 13,669 shares to 66,201 shares, valued at $1.59 million in 2018Q1, according to the filing. It also reduced its holding in Altria Group Inc (NYSE:MO) by 10,549 shares in the quarter, leaving it with 32,073 shares, and cut its stake in Schwab Strategic Tr (SCHF).

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. The Bank Of New York Mellon Corporation had 86 analyst reports since July 22, 2015 according to SRatingsIntel. On Monday, November 21 the stock rating was downgraded by Buckingham Research to “Neutral”. The firm earned “Buy” rating on Wednesday, September 9 by Deutsche Bank. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, July 20. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given on Wednesday, October 7 by Jefferies. The firm has “Buy” rating by Argus Research given on Tuesday, July 21. The rating was maintained by RBC Capital Markets with “Hold” on Monday, November 13. The company was upgraded on Friday, April 6 by Vining Sparks. Keefe Bruyette & Woods maintained it with “Hold” rating and $61.0 target in Tuesday, December 12 report. On Thursday, March 17 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Deutsche Bank with “Buy” on Friday, September 9.

Another recent and important The Bank of New York Mellon Corporation (NYSE:BK) news was published by Benzinga.com which published an article titled: “A Look Ahead At Bank Of New York Mellon’s Earnings” on July 18, 2018.

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

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