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Cushing Asset Management LP Holding in Targa Res (TRGP) Upped by $160.74 Million; As Cognizant Tech Solutions (CTSH) Shares Rose, Holder Provident Trust Co Has Decreased Its Stake by $65.67 Million

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Provident Trust Co decreased its stake in Cognizant Tech Solutions (CTSH) by 23.23% based on its latest 2017Q4 regulatory filing with the SEC. Provident Trust Co sold 924,898 shares as the company’s stock rose 11.69% while stock markets declined. The institutional investor held 3.06 million shares of the edp services company at the end of 2017Q4, valued at $217.04M, down from 3.98 million at the end of the previous reported quarter. Provident Trust Co who had been investing in Cognizant Tech Solutions 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.

Cushing Asset Management Lp increased its stake in Targa Res Corp (TRGP) by 3348.65% based on its latest 2017Q4 regulatory filing with the SEC. Cushing Asset Management Lp bought 3.35M shares as the company’s stock declined 3.67% with the market. The hedge fund held 3.45 million shares of the public utilities company at the end of 2017Q4, valued at $166.98M, up from 100,000 at the end of the previous reported quarter. Cushing Asset Management Lp who had been investing in Targa Res Corp for a number of months, seems to be bullish on the $10.66B market cap company. The stock decreased 0.25% or $0.12 during the last trading session, reaching $48.59. About 1.78M shares traded. Targa Resources Corp. (NYSE:TRGP) has declined 20.04% since May 17, 2017 and is downtrending. It has underperformed by 31.59% the S&P500.

More notable recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Streetinsider.com which released: “Cognizant (CTSH) Reports In-Line Q1 EPS, Beats on Revenues; Offers FY18 EPS/Revenue Outlook” on May 07, 2018, also Nasdaq.com with their article: “Investor Expectations to Drive Momentum within SUPERVALU INC, Dunkin’ Brands Group, Marsh & McLennan …” published on May 11, 2018, Prnewswire.com published: “Cognizant Recognized as Market Leader in Internet of Things Services by Research and Advisory Firm ISG” on May 17, 2018. More interesting news about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) were released by: Themiddlemarket.com and their article: “M&A daily wrap: NFL’s Carolina Panthers, Cam Newton, David Tepper, Appaloosa, Brynwood Partners” published on May 16, 2018 as well as Streetinsider.com‘s news article titled: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” with publication date: May 15, 2018.

Since December 7, 2017, it had 1 insider purchase, and 40 sales for $51.92 million activity. 4,635 shares valued at $330,754 were sold by Kandiah Gajakarnan Vibushanan on Thursday, December 7. Another trade for 1,726 shares valued at $136,354 was sold by CHATTERJEE DEBASHIS. On Friday, February 16 KRISHNASWAMY VENKAT sold $270,417 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 3,318 shares. 1,791 shares were sold by McLoughlin Karen, worth $150,014 on Thursday, March 15. $210,244 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was bought by VELLI JOSEPH M. Middleton Sean had sold 32 shares worth $2,351.

Provident Trust Co, which manages about $2.45 billion US Long portfolio, upped its stake in Unitedhealth Group Inc (NYSE:UNH) by 6,174 shares to 917,599 shares, valued at $202.29 million in 2017Q4, according to the filing. It also increased its holding in Fastenal Inc Com (NASDAQ:FAST) by 19,184 shares in the quarter, for a total of 999,061 shares, and has risen its stake in Southwest Airlines (NYSE:LUV).

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on August, 2. They expect $1.03 earnings per share, up 18.39% or $0.16 from last year’s $0.87 per share. CTSH’s profit will be $603.48 million for 18.30 P/E if the $1.03 EPS becomes a reality. After $0.99 actual earnings per share reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts 4.04% EPS growth.

Investors sentiment increased to 1.19 in Q4 2017. 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. Woodstock holds 3,934 shares or 0.05% of its portfolio. The California-based California Pub Employees Retirement System has invested 0.14% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Moreover, Northwestern Mutual Wealth Mgmt has 0.06% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 135,103 shares. Mufg Americas invested in 40,737 shares or 0.09% of the stock. Hanson Mcclain stated it has 2 shares. Washington Tru National Bank holds 2,659 shares or 0.03% of its portfolio. Comm State Bank has 0.02% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). First National Bank holds 6,392 shares or 0.07% of its portfolio. Salem Inv Counselors holds 0% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 100 shares. Bancorporation Of Mellon invested in 17.85 million shares or 0.33% of the stock. Columbia Asset Mgmt reported 3,700 shares. Fiera Corporation holds 0.09% or 252,000 shares in its portfolio. Millennium Mgmt Ltd Liability Company, a New York-based fund reported 1.51M shares. Davis R M stated it has 0.81% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Arkansas-based Meridian Mgmt has invested 1.02% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

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 rating was downgraded by Bank of America to “Underperform” on Tuesday, November 22. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by Societe Generale on Monday, September 26. Needham maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Tuesday, November 8. Needham has “Buy” rating and $65 target. The company was maintained on Tuesday, September 5 by RBC Capital Markets. Zacks upgraded the stock to “Sell” rating in Monday, August 10 report. RBC Capital Markets maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Friday, October 6 with “Buy” rating. The stock has “Neutral” rating by Citigroup on Tuesday, October 31. Monness Crespi & Hardt maintained it with “Buy” rating and $77 target in Thursday, November 5 report. On Thursday, October 12 the stock rating was maintained by Robert W. Baird with “Buy”. The firm earned “Buy” rating on Thursday, April 13 by SunTrust.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Targa Resources had 91 analyst reports since August 5, 2015 according to SRatingsIntel. UBS maintained the shares of TRGP in report on Friday, March 2 with “Neutral” rating. The firm has “Buy” rating by Stifel Nicolaus given on Friday, May 4. The firm has “Buy” rating given on Tuesday, March 22 by Jefferies. The rating was upgraded by Goldman Sachs on Thursday, February 1 to “Buy”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, January 17. The stock of Targa Resources Corp. (NYSE:TRGP) earned “Buy” rating by Goldman Sachs on Monday, September 19. The stock of Targa Resources Corp. (NYSE:TRGP) has “Hold” rating given on Thursday, December 1 by Stifel Nicolaus. The firm has “Buy” rating by Citigroup given on Monday, March 14. As per Wednesday, July 12, the company rating was upgraded by Jefferies. Barclays Capital maintained Targa Resources Corp. (NYSE:TRGP) on Wednesday, August 5 with “Overweight” rating.

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.19, from 1.24 in 2017Q3. It dropped, as 31 investors sold TRGP shares while 119 reduced holdings. 45 funds opened positions while 112 raised stakes. 193.64 million shares or 5.92% more from 182.82 million shares in 2017Q3 were reported. Creative Planning reported 36,827 shares. Engy Income Ptnrs Limited owns 1.02M shares. Caisse De Depot Et Placement Du Quebec has invested 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Diversified Trust Com invested in 0.03% or 8,760 shares. Panagora Asset Incorporated reported 9,509 shares stake. Utah Retirement, a Utah-based fund reported 39,400 shares. Blackhill has invested 0.03% in Targa Resources Corp. (NYSE:TRGP). Wexford LP owns 436,040 shares or 1.81% of their US portfolio. Glenmede Trust Company Na holds 0.02% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 102,539 shares. Bb&T Ltd Liability Corp has invested 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Connecticut-based Aqr Cap Management Ltd Limited Liability Company has invested 0% in Targa Resources Corp. (NYSE:TRGP). Reaves W H Company Incorporated owns 323,672 shares for 0.5% of their portfolio. Lvw Advsrs Ltd holds 10,775 shares or 0.15% of its portfolio. First Personal Svcs stated it has 206 shares or 0% of all its holdings. Alps Advisors Inc holds 0.05% or 148,776 shares in its portfolio.

Cushing Asset Management Lp, which manages about $4.99 billion and $3.31B US Long portfolio, decreased its stake in Parsley Energy Inc (NYSE:PE) by 126,730 shares to 212,361 shares, valued at $6.25M in 2017Q4, according to the filing. It also reduced its holding in Dominion Energy Midstrm Prtn (NYSE:DM) by 45,691 shares in the quarter, leaving it with 1.54 million shares, and cut its stake in Xpo Logistics Inc (NYSE:XPO).

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

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