Market News

As Cognizant Tech (CTSH) Valuation Rose, Suncoast Equity Management Has Upped Its Stake; Page Arthur B Stake in Smucker J M (SJM) Has Decreased by $341,620 as Stock Declined

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Suncoast Equity Management increased its stake in Cognizant Tech (CTSH) by 50.78% based on its latest 2017Q4 regulatory filing with the SEC. Suncoast Equity Management bought 80,203 shares as the company’s stock rose 11.69% while stock markets declined. The institutional investor held 238,151 shares of the edp services company at the end of 2017Q4, valued at $16.91 million, up from 157,948 at the end of the previous reported quarter. Suncoast Equity Management who had been investing in Cognizant Tech for a number of months, seems to be bullish on the $44.40 billion market cap company. The stock increased 0.52% or $0.39 during the last trading session, reaching $75.78. About 2.72M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 36.40% since May 18, 2017 and is uptrending. It has outperformed by 24.85% the S&P500.

Page Arthur B decreased its stake in Smucker J M (SJM) by 22.9% based on its latest 2017Q4 regulatory filing with the SEC. Page Arthur B sold 2,755 shares as the company’s stock declined 2.24% with the market. The institutional investor held 9,278 shares of the packaged foods company at the end of 2017Q4, valued at $1.15M, down from 12,033 at the end of the previous reported quarter. Page Arthur B who had been investing in Smucker J M for a number of months, seems to be less bullish one the $12.65 billion market cap company. The stock decreased 0.64% or $0.72 during the last trading session, reaching $111.32. About 752,385 shares traded. The J. M. Smucker Company (NYSE:SJM) has declined 7.89% since May 18, 2017 and is downtrending. It has underperformed by 19.44% the S&P500.

Among 20 analysts covering J. M. Smucker Company (NYSE:SJM), 6 have Buy rating, 5 Sell and 9 Hold. Therefore 30% are positive. J. M. Smucker Company had 74 analyst reports since August 19, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 13 by Susquehanna. The stock of The J. M. Smucker Company (NYSE:SJM) earned “Long-Term Buy” rating by Hilliard Lyons on Tuesday, July 11. The stock of The J. M. Smucker Company (NYSE:SJM) earned “Neutral” rating by JP Morgan on Thursday, August 24. Barclays Capital maintained the shares of SJM in report on Tuesday, February 20 with “Equal-Weight” rating. The company was upgraded on Friday, July 28 by Jefferies. The company was maintained on Friday, June 10 by Deutsche Bank. Citigroup maintained The J. M. Smucker Company (NYSE:SJM) on Thursday, April 5 with “Buy” rating. Bank of America initiated The J. M. Smucker Company (NYSE:SJM) on Tuesday, December 6 with “Neutral” rating. The company was upgraded on Thursday, September 22 by Hilliard Lyons. Credit Suisse maintained the stock with “Neutral” rating in Monday, July 3 report.

Page Arthur B, which manages about $114.86M US Long portfolio, upped its stake in Eog Resources (NYSE:EOG) by 4,871 shares to 8,751 shares, valued at $945,000 in 2017Q4, according to the filing.

Investors sentiment increased to 0.94 in 2017 Q4. Its up 0.05, from 0.89 in 2017Q3. It improved, as 53 investors sold SJM shares while 236 reduced holdings. 94 funds opened positions while 179 raised stakes. 84.66 million shares or 1.41% more from 83.48 million shares in 2017Q3 were reported. Tobam reported 0.33% stake. Kbc Group Nv invested in 0.08% or 75,868 shares. Martingale Asset Management LP has invested 0.18% in The J. M. Smucker Company (NYSE:SJM). Hl Financial Ser Lc holds 0.03% or 10,539 shares. Tradewinds Ltd Liability stated it has 181 shares. The Ontario – Canada-based Intact Inv has invested 0.01% in The J. M. Smucker Company (NYSE:SJM). Engineers Gate Manager LP invested in 3,705 shares or 0.03% of the stock. Pennsylvania Communication holds 45,073 shares. Clark Estates holds 0.92% or 45,000 shares. Japan-based Asset Mngmt One Com Limited has invested 0.05% in The J. M. Smucker Company (NYSE:SJM). First Republic Management holds 0.01% or 8,919 shares in its portfolio. Moreover, Guggenheim Capital Limited Liability Com has 0.17% invested in The J. M. Smucker Company (NYSE:SJM) for 588,674 shares. Valley National Advisers reported 0% of its portfolio in The J. M. Smucker Company (NYSE:SJM). Kayne Anderson Rudnick Investment Mgmt Ltd Liability Com has 39,945 shares. Goldman Sachs Gru, a New York-based fund reported 667,421 shares.

Analysts await The J. M. Smucker Company (NYSE:SJM) to report earnings on June, 14. They expect $2.21 earnings per share, up 22.78% or $0.41 from last year’s $1.8 per share. SJM’s profit will be $251.06M for 12.59 P/E if the $2.21 EPS becomes a reality. After $2.50 actual earnings per share reported by The J. M. Smucker Company for the previous quarter, Wall Street now forecasts -11.60% negative EPS growth.

More recent The J. M. Smucker Company (NYSE:SJM) news were published by: Bizwest.com which released: “Smucker to hold more job sessions for Longmont plant” on May 15, 2018. Also Investorplace.com published the news titled: “5 Top Stock Trades for Friday Morning” on May 10, 2018. Investorplace.com‘s news article titled: “7 Consumer Goods Stocks That Will Rise Again” with publication date: May 11, 2018 was also an interesting one.

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. Argus Research maintained the stock with “Buy” rating in Tuesday, August 11 report. As per Thursday, November 9, the company rating was maintained by RBC Capital Markets. SunTrust upgraded the stock to “Buy” rating in Thursday, April 13 report. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by KeyBanc Capital Markets on Sunday, October 29. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Neutral” rating by Nomura on Thursday, February 8. On Tuesday, February 9 the stock rating was maintained by Needham with “Buy”. Wedbush initiated the stock with “Neutral” rating in Friday, September 9 report. The company was maintained on Wednesday, February 7 by Susquehanna. The firm has “Buy” rating by Needham given on Wednesday, February 7. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, September 15.

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. Moreover, Salem Investment Counselors Inc has 0% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 100 shares. Nomura Asset Mgmt Limited reported 83,124 shares. Paradigm Asset Limited Liability Company has 34,000 shares for 0.66% of their portfolio. Meiji Yasuda Life Company invested 0.04% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 103,917 are owned by Cubist Systematic Strategies Ltd Com. 97,657 are held by Addenda. Moreover, Aviva Plc has 0.21% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 520,375 shares. Pitcairn, a Pennsylvania-based fund reported 10,475 shares. Nordea Inv Management Ab invested in 9.80 million shares. Moreover, Highstreet Asset Mgmt Inc has 0.05% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 10,850 shares. Brandywine Glob Investment Lc owns 71,553 shares for 0.03% of their portfolio. Federated Invsts Pa owns 28,416 shares or 0.01% of their US portfolio. Cape Cod Five Cents Bankshares reported 29,568 shares. Clinton holds 0.06% or 9,333 shares in its portfolio. Strs Ohio invested 0.1% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

Since December 7, 2017, it had 1 buying transaction, and 40 sales for $51.92 million activity. CHATTERJEE DEBASHIS also sold $136,354 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. VELLI JOSEPH M also bought $210,244 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. 1,791 shares were sold by McLoughlin Karen, worth $150,014 on Thursday, March 15. $1.95 million worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by RAMAKRISHNAN CHANDRASEKARAN. Breakiron-Evans Maureen sold $1.66M worth of stock. On Wednesday, February 14 the insider Kandiah Gajakarnan Vibushanan sold $798,094.

Suncoast Equity Management, which manages about $229.33 million and $362.34M US Long portfolio, decreased its stake in Check Point (NASDAQ:CHKP) by 2,955 shares to 110,082 shares, valued at $11.41 million in 2017Q4, according to the filing. It also reduced its holding in Berkshire Hathaway B (BRKB) by 2,475 shares in the quarter, leaving it with 94,010 shares, and cut its stake in Paypal Hldgs Inc.

More important recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Nasdaq.com which released: “Investor Expectations to Drive Momentum within SUPERVALU INC, Dunkin’ Brands Group, Marsh & McLennan …” on May 11, 2018, also Streetinsider.com published article titled: “Cognizant (CTSH) Reports In-Line Q1 EPS, Beats on Revenues; Offers FY18 EPS/Revenue Outlook”, Benzinga.com published: “Cantor’s CoinDesk Consensus Conference Takeaways” on May 17, 2018. More interesting news about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was released by: Themiddlemarket.com and their article: “M&A daily wrap: Mark Zuckerberg, Chad Boeding, Iconiq, Epiq, Houston Rockets, Tilman Fertitta, RSM” with publication date: May 17, 2018.

The J. M. Smucker Company (NYSE:SJM) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *