Janney Montgomery Scott Has Cut Its Hess (HES) Stake as Shares Rose; Parnassus Investments Stake in Cognizant Tech Solutions (CTSH) Decreased by $320,000

August 12, 2018 - By William Brooks

Hess Corporation (NYSE:HES) Logo

Parnassus Investments decreased its stake in Cognizant Tech Solutions (CTSH) by 0.99% based on its latest 2018Q1 regulatory filing with the SEC. Parnassus Investments sold 4,000 shares as the company’s stock declined 8.67% with the market. The institutional investor held 400,000 shares of the edp services company at the end of 2018Q1, valued at $32.20M, down from 404,000 at the end of the previous reported quarter. Parnassus Investments who had been investing in Cognizant Tech Solutions 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 2.59 million 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 – COGNIZANT TECHNOLOGY SOLUTIONS CORP CTSH.O : BERNSTEIN STARTS WITH MARKET PERFORM RATING; 15/05/2018 – STARBOARD EXITED FTNT, STC, TYPE, CTSH IN 1Q: 13F; 27/03/2018 – COGNIZANT TECHNOLOGY – HIGH COURT OF CHENNAI INSTRUCTED INCOME TAX DEPARTMENT TO NOT TAKE FURTHER ACTION PENDING FURTHER HEARINGS BEFORE COURT; 28/03/2018 – Financial Chron: Paid all applicable taxes, I-T dept’s position without merit: Cognizant; 03/04/2018 – COGNIZANT SAYS HIGH COURT LIFTS ATTACHMENT OF CTSH ACCOUNTS; 14/03/2018 – COGNIZANT TECHNOLOGY SOLUTIONS CORP – WILL FUND ASR PROGRAM ON MARCH 14, 2018 FROM CASH ON HAND AND ITS EXISTING CREDIT FACILITY; 03/04/2018 – Indian court orders tax dept to lift freeze on Cognizant’s funds; 12/03/2018 Cognizant To Acquire Bolder Healthcare Solutions To Expand Revenue Cycle Management Services For Providers; 07/05/2018 – COGNIZANT SEES FY ADJ EPS $4.47, EST. $4.55; 23/04/2018 – DJ Cognizant Technology Solutions Corp, Inst Holders, 1Q 2018 (CTSH)

Janney Montgomery Scott Llc decreased its stake in Hess Corp (HES) by 60.73% based on its latest 2018Q1 regulatory filing with the SEC. Janney Montgomery Scott Llc sold 45,792 shares as the company’s stock rose 23.82% while stock markets declined. The institutional investor held 29,607 shares of the integrated oil company at the end of 2018Q1, valued at $1.50 million, down from 75,399 at the end of the previous reported quarter. Janney Montgomery Scott Llc who had been investing in Hess Corp for a number of months, seems to be less bullish one the $19.26 billion market cap company. The stock increased 0.42% or $0.27 during the last trading session, reaching $64.27. About 2.88 million shares traded. Hess Corporation (NYSE:HES) has risen 23.77% since August 12, 2017 and is uptrending. It has outperformed by 11.20% the S&P500. Some Historical HES News: 25/04/2018 – HESS CORP – EXPLORATION & PRODUCTION CAPITAL AND EXPLORATORY EXPENDITURES WERE $384 MLN IN QUARTER, COMPARED TO $393 MLN IN PRIOR-YEAR QUARTER; 13/03/2018 – Height Securities Advises Hess Infrastructure Partners LP on Divestment of CPC-1232 Railcar Fleet; 26/04/2018 – HESS CORP – TO ACQUIRE A 15 PERCENT PARTICIPATING INTEREST IN KAIETEUR BLOCK, OFFSHORE GUYANA; 08/03/2018 – ELLIOTT MGMT SUPPORTS CHANGES AT HESS; 13/04/2018 – HESS CORP HES.N : CREDIT SUISSE RAISES TARGET PRICE TO $48 FROM $42; 08/03/2018 – HESS: $1.0B SHR REPURCHASE PROGRAM; 08/03/2018 – Hess Sets Another Buyback Amid Fight With Activist Investor; 25/04/2018 – HESS CORP HES.N SAYS EXPECTS ITS GUYANA INVESTMENT TO START GENERATING CASH AFTER SECOND PHASE COMES ONLINE IN 2022; 25/04/2018 – HESS CORP – QTRLY TOTAL REVENUES AND NON-OPERATING INCOME $1,390 MLN VS $1,275 MLN REPORTED LAST YEAR; 23/04/2018 – HESS CORP HES.N : SIMMONS RAISES TARGET PRICE TO $58 FROM $52

Since February 14, 2018, it had 1 insider purchase, and 40 insider sales for $12.27 million activity. $478,981 worth of stock was sold by fox John nelson JR on Wednesday, February 14. Frank Malcolm sold $89,584 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Monday, March 5. Another trade for 5,036 shares valued at $387,058 was made by Shaheen Allen on Tuesday, June 5. 36 shares were sold by Middleton Sean, worth $2,878 on Friday, July 6. Breakiron-Evans Maureen had sold 20,000 shares worth $1.62M. $92,244 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Kandiah Gajakarnan Vibushanan on Friday, June 8.

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. 4,979 are owned by Amica Retiree Medical Trust. Dubuque Commercial Bank &, Iowa-based fund reported 390 shares. Thrivent Fin For Lutherans stated it has 0.01% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Baystate Wealth Management Limited holds 340 shares. Spectrum Asset (Nb Ca) holds 0.92% or 12,800 shares. Muhlenkamp Communications Inc holds 94,534 shares or 2.76% of its portfolio. Moreover, Credit Suisse Ag has 0.08% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 1.11M shares. Sheets Smith Wealth Mgmt accumulated 0.24% or 12,185 shares. Psagot Invest House reported 76,995 shares. Pictet Savings Bank And stated it has 23,926 shares or 0.68% of all its holdings. Moreover, Groesbeck Invest Nj has 2.2% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 27,516 are held by Ontario Teachers Pension Plan Board. Renaissance Technology Limited Liability Com accumulated 935,352 shares. Quantum Cap Mgmt holds 0.1% or 5,351 shares in its portfolio. Wetherby Asset Mngmt invested in 0.13% or 11,368 shares.

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on November, 7. They expect $1.07 earnings per share, up 15.05% or $0.14 from last year’s $0.93 per share. CTSH’s profit will be $620.84 million for 17.65 P/E if the $1.07 EPS becomes a reality. After $1.10 actual earnings per share reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts -2.73% negative EPS growth.

Parnassus Investments, which manages about $10.39 billion and $24.75B US Long portfolio, upped its stake in Charles Schwab Corp. (NYSE:SCHW) by 73,714 shares to 13.45M shares, valued at $702.60M in 2018Q1, according to the filing. It also increased its holding in Waste Management Inc. (NYSE:WM) by 38,126 shares in the quarter, for a total of 5.46M shares, and has risen its stake in Mattel Inc. (NASDAQ:MAT).

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 rating was maintained by RBC Capital Markets on Wednesday, July 12 with “Buy”. Robert W. Baird maintained the shares of CTSH in report on Friday, September 8 with “Buy” rating. The firm has “Buy” rating given on Friday, January 12 by Robert W. Baird. Jefferies maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Monday, October 10. Jefferies has “Buy” rating and $63 target. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Friday, October 6 by RBC Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Thursday, February 8. The firm has “Buy” rating given on Tuesday, February 9 by Needham. The rating was maintained by Cowen & Co on Wednesday, November 1 with “Buy”. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Thursday, November 2 by Credit Suisse. The firm has “Outperform” rating by Credit Suisse given on Friday, February 9.

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 24 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. Hess Corp. had 71 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, January 11 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of Hess Corporation (NYSE:HES) has “Neutral” rating given on Monday, February 12 by Credit Suisse. Credit Suisse upgraded the shares of HES in report on Wednesday, July 22 to “Outperform” rating. The stock has “Buy” rating by Piper Jaffray on Sunday, April 22. The firm earned “Neutral” rating on Thursday, April 26 by Macquarie Research. The rating was initiated by Morgan Stanley on Tuesday, January 12 with “Equal-Weight”. The firm has “Hold” rating given on Friday, July 28 by BMO Capital Markets. Argus Research upgraded Hess Corporation (NYSE:HES) rating on Tuesday, August 18. Argus Research has “Buy” rating and $70 target. Barclays Capital downgraded the shares of HES in report on Wednesday, July 11 to “Underweight” rating. J.P. Morgan downgraded the shares of HES in report on Thursday, September 14 to “Hold” rating.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.13, from 0.94 in 2017Q4. It fall, as 41 investors sold HES shares while 169 reduced holdings. 49 funds opened positions while 121 raised stakes. 252.61 million shares or 1.34% less from 256.03 million shares in 2017Q4 were reported. Vantage Advsr Limited Liability Co stated it has 0% of its portfolio in Hess Corporation (NYSE:HES). Raymond James And Associates holds 0% or 30,418 shares. Citadel Advsrs accumulated 350,810 shares. Overbrook Mngmt Corporation holds 0.08% of its portfolio in Hess Corporation (NYSE:HES) for 7,250 shares. State Board Of Administration Of Florida Retirement Sys invested in 393,162 shares. Raymond James Fincl Serv Advsr holds 0.01% or 40,762 shares. Orrstown Financial Service has invested 0% of its portfolio in Hess Corporation (NYSE:HES). Needham Inv Management Lc invested in 0.25% or 17,000 shares. Millennium Management Ltd Liability accumulated 3.39 million shares. Highlander Capital Management Llc invested 0.12% in Hess Corporation (NYSE:HES). Prospector Ptnrs Limited Liability reported 98,000 shares. Credit Suisse Ag holds 0.09% or 1.85M shares in its portfolio. 77,865 were reported by Td Asset Management. The Florida-based Texas Yale Corp has invested 0.03% in Hess Corporation (NYSE:HES). Employees Retirement Systems Of Texas reported 0.08% in Hess Corporation (NYSE:HES).

Since March 6, 2018, it had 11 buys, and 9 selling transactions for $4.03 million activity. Another trade for 516 shares valued at $25,016 was made by Meyers Kevin Omar on Tuesday, March 6. Shares for $25,016 were bought by Reynolds Fredric G. MCMANUS DAVID bought 516 shares worth $25,016. Truelove Brian D. sold $67,959 worth of stock. On Tuesday, March 6 the insider HESS JOHN B sold $2.48 million. Lowery-Yilmaz Barbara J sold $72,437 worth of stock or 1,508 shares.

Analysts await Hess Corporation (NYSE:HES) to report earnings on October, 24. They expect $-0.11 earnings per share, up 89.72% or $0.96 from last year’s $-1.07 per share. After $-0.23 actual earnings per share reported by Hess Corporation for the previous quarter, Wall Street now forecasts -52.17% EPS growth.

Janney Montgomery Scott Llc, which manages about $15.70 billion and $9.94 billion US Long portfolio, upped its stake in Heico Corp New (NYSE:HEI) by 3,889 shares to 13,392 shares, valued at $1.16 million in 2018Q1, according to the filing. It also increased its holding in Legg Low Vol Hi Div Etf by 42,877 shares in the quarter, for a total of 145,425 shares, and has risen its stake in Vngrd Sp 500 Etf (VOO).

Hess Corporation (NYSE:HES) Institutional Positions Chart

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