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Cognizant Technology Solutio (CTSH) Holder Schwartz Investment Counsel Trimmed Position by $17.76 Million; Bank Of America (BAC) Holding Maintained by Beach Investment Counsel Inc

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Beach Investment Counsel Inc increased its stake in Bank Of America (BAC) by 15.94% based on its latest 2017Q4 regulatory filing with the SEC. Beach Investment Counsel Inc bought 109,731 shares as the company’s stock declined 1.20% with the market. The hedge fund held 797,959 shares of the major banks company at the end of 2017Q4, valued at $23.56M, up from 688,228 at the end of the previous reported quarter. Beach Investment Counsel Inc who had been investing in Bank Of America for a number of months, seems to be bullish on the $314.93 billion market cap company. The stock decreased 0.51% or $0.16 during the last trading session, reaching $31.06. About 43.59 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 17, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Schwartz Investment Counsel Inc decreased its stake in Cognizant Technology Solutio (CTSH) by 0.04% based on its latest 2017Q4 regulatory filing with the SEC. Schwartz Investment Counsel Inc sold 250 shares as the company’s stock rose 11.69% while stock markets declined. The institutional investor held 611,000 shares of the edp services company at the end of 2017Q4, valued at $43.39B, down from 611,250 at the end of the previous reported quarter. Schwartz Investment Counsel Inc who had been investing in Cognizant Technology Solutio for a number of months, seems to be less bullish one the $44.17B market cap company. The stock decreased 0.09% or $0.07 during the last trading session, reaching $75.39. About 2.03M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 36.40% since May 17, 2017 and is uptrending. It has outperformed by 24.85% the S&P500.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, December 5 the stock rating was maintained by Raymond James with “Buy”. Standpoint Research downgraded Bank of America Corporation (NYSE:BAC) on Thursday, December 1 to “Hold” rating. The company was maintained on Wednesday, January 11 by Citigroup. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Friday, January 29 by Credit Agricole. Renaissance Macro Securities LLC maintained the shares of BAC in report on Sunday, July 23 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Wednesday, October 7 report. Jefferies maintained the shares of BAC in report on Tuesday, June 6 with “Buy” rating. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, November 8 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by BMO Capital Markets on Tuesday, July 18. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, December 21.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. 82,019 are owned by Clifford Swan Inv Counsel Limited Company. Checchi Cap Advisers Ltd Liability Corp stated it has 0.34% in Bank of America Corporation (NYSE:BAC). Hall Laurie J Trustee reported 14,074 shares or 0.24% of all its holdings. Gendell Jeffrey L holds 2.24M shares or 4.57% of its portfolio. Riggs Asset Managment Co invested in 3.97% or 333,833 shares. 32,548 are held by Rnc Capital Management Ltd Liability Co. Wills Fincl Incorporated, a Virginia-based fund reported 9,402 shares. Gradient Limited Liability Corporation owns 5,084 shares. Oxbow Advsrs Ltd Liability accumulated 133,480 shares. First Midwest Natl Bank Division holds 97,770 shares or 0.36% of its portfolio. Vaughan David Invs Il owns 25,890 shares. Alpine Woods Capital Invsts Lc invested in 1.26M shares. Illinois-based Barbara Oil has invested 0.75% in Bank of America Corporation (NYSE:BAC). Architects owns 170,968 shares for 0.84% of their portfolio. First Dallas Securities holds 2.29% or 122,227 shares.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank of America affirms gun pledge” on May 11, 2018, also Investorplace.com with their article: “Trade of the Day: Bank of America Corp Is Getting Back on Its Feet for a Trade” published on May 10, 2018, Seekingalpha.com published: “Bank Of America: Don’t Let $30 Slip Away” on May 13, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Benzinga.com and their article: “Warren Buffett Pushing More Cash To Equities; ‘Big 5’ Stocks Still At The Top” published on May 16, 2018 as well as Investorplace.com‘s news article titled: “5 Top Stock Trades for Friday Morning” with publication date: May 10, 2018.

Beach Investment Counsel Inc, which manages about $1.43 billion and $1.03B US Long portfolio, decreased its stake in Morgan Stanley (NYSE:MS) by 6,910 shares to 175,630 shares, valued at $9.22 million in 2017Q4, according to the filing. It also reduced its holding in Home Depot (NYSE:HD) by 2,590 shares in the quarter, leaving it with 65,426 shares, and cut its stake in Pepsico (NYSE:PEP).

Schwartz Investment Counsel Inc, which manages about $1.74 billion and $1689.15 billion US Long portfolio, upped its stake in Hexcel Corp New (NYSE:HXL) by 116,900 shares to 739,000 shares, valued at $45.71B in 2017Q4, according to the filing. It also increased its holding in Cisco Sys Inc (NASDAQ:CSCO) by 9,000 shares in the quarter, for a total of 915,000 shares, and has risen its stake in Texas Pac Ld Tr (NYSE:TPL).

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.16, from 1.03 in 2017Q3. It increased, 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. Great West Life Assurance Can stated it has 571,316 shares. Northern invested 0.13% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 200 are owned by Peddock Capital Advisors Limited Liability Corp. Nuwave Investment Mngmt Ltd Liability Corp holds 1.17% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 14,045 shares. The Pennsylvania-based Janney Montgomery Scott Ltd Liability Corporation has invested 0.08% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Indiana Trust & Invest Mgmt holds 0.4% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 12,006 shares. Veritable Ltd Partnership accumulated 27,971 shares or 0.04% of the stock. Amf Pensionsforsakring Ab invested in 0.55% or 784,365 shares. Williams Jones Assocs Limited Liability invested 0% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Laurion Mgmt Ltd Partnership stated it has 0% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Lazard Asset Mgmt holds 201,344 shares. Umb Natl Bank N A Mo stated it has 0.01% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Btim Corp reported 0.21% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Banque Pictet & Cie has 423,306 shares. Davis R M invested in 0.81% or 290,237 shares.

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 92 analyst reports since August 6, 2015 according to SRatingsIntel. The company was upgraded on Friday, August 4 by Loop Capital. The firm earned “Buy” rating on Thursday, August 3 by RBC Capital Markets. Needham maintained the stock with “Buy” rating in Tuesday, November 8 report. Wedbush upgraded it to “Outperform” rating and $70 target in Friday, January 6 report. On Thursday, April 13 the stock rating was upgraded by SunTrust to “Buy”. The stock has “Outperform” rating by BMO Capital Markets on Thursday, November 2. On Thursday, February 8 the stock rating was maintained by Bank of America with “Buy”. Berenberg upgraded it to “Buy” rating and $85 target in Tuesday, August 8 report. The rating was maintained by KeyBanc Capital Markets on Sunday, October 29 with “Buy”. The firm has “Buy” rating by Robert W. Baird given on Friday, September 8.

Since December 7, 2017, it had 1 buying transaction, and 40 sales for $51.92 million activity. Mehta Rajeev also sold $3.30M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. McLoughlin Karen sold 12,500 shares worth $942,113. $80,207 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Lennox James Patrick on Tuesday, March 13. $136,354 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by CHATTERJEE DEBASHIS on Wednesday, February 7. 25,000 shares valued at $1.95 million were sold by RAMAKRISHNAN CHANDRASEKARAN on Monday, January 22. $17.77M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by DSOUZA FRANCISCO on Wednesday, January 10.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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