Cognizant Technology Solutions (CTSH) Shareholder Quantitative Investment Management Has Cut Holding; At&T (T) Share Value Declined While Wedbush Securities Has Raised Its Holding

January 16, 2018 - By Dolores Ford

Wedbush Securities Inc increased its stake in At&T Inc (T) by 7.44% based on its latest 2017Q3 regulatory filing with the SEC. Wedbush Securities Inc bought 13,112 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 189,445 shares of the telecommunications equipment company at the end of 2017Q3, valued at $7.42M, up from 176,333 at the end of the previous reported quarter. Wedbush Securities Inc who had been investing in At&T Inc for a number of months, seems to be bullish on the $225.67 billion market cap company. The stock decreased 0.38% or $0.14 during the last trading session, reaching $36.76. About 13.47M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since January 16, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Quantitative Investment Management Llc decreased its stake in Cognizant Technology Solutions Corp (CTSH) by 7.17% based on its latest 2017Q3 regulatory filing with the SEC. Quantitative Investment Management Llc sold 30,700 shares as the company’s stock rose 12.87% with the market. The hedge fund held 397,500 shares of the edp services company at the end of 2017Q3, valued at $28.83 million, down from 428,200 at the end of the previous reported quarter. Quantitative Investment Management Llc who had been investing in Cognizant Technology Solutions Corp for a number of months, seems to be less bullish one the $44.06B market cap company. The stock increased 0.23% or $0.17 during the last trading session, reaching $74.73. About 1.98 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since January 16, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.02, from 1.15 in 2017Q2. It improved, as 77 investors sold T shares while 609 reduced holdings. 106 funds opened positions while 696 raised stakes. 3.34 billion shares or 1.04% more from 3.31 billion shares in 2017Q2 were reported. Asset Advsr invested in 0.14% or 19,410 shares. Burke Herbert Financial Bank Tru invested in 32,512 shares. National Bank Of Nova Scotia Trust, Ontario – Canada-based fund reported 12,328 shares. Tcw Group Inc Inc Inc accumulated 2.61M shares. Estabrook Capital reported 1.04% stake. Carlson Capital Management holds 40,361 shares. Moreover, Roundview Ltd Co has 0.43% invested in AT&T Inc. (NYSE:T) for 39,177 shares. New York-based Wafra Investment Advisory Gru Ny has invested 1.58% in AT&T Inc. (NYSE:T). Moreover, Deprince Race And Zollo Inc has 0.82% invested in AT&T Inc. (NYSE:T) for 926,839 shares. Advsr Asset Mngmt Inc reported 0.71% of its portfolio in AT&T Inc. (NYSE:T). Stadion Money Ltd has 51,477 shares for 0.07% of their portfolio. Aviance Partners Ltd Liability Com holds 0.53% of its portfolio in AT&T Inc. (NYSE:T) for 40,251 shares. Rwc Asset Mngmt Llp reported 31,843 shares. Wetherby Asset Mngmt Inc invested 0.6% of its portfolio in AT&T Inc. (NYSE:T). Exchange Management holds 0% or 15 shares.

Wedbush Securities Inc, which manages about $769.93M US Long portfolio, decreased its stake in M D C Holdings Inc (NYSE:MDC) by 15,590 shares to 44,577 shares, valued at $1.48 million in 2017Q3, according to the filing. It also reduced its holding in Guggenheim Enhanced (GPM) by 74,980 shares in the quarter, leaving it with 57,386 shares, and cut its stake in Neuberger Berman High (NHS).

Among 29 analysts covering AT&T Inc. (NYSE:T), 10 have Buy rating, 1 Sell and 18 Hold. Therefore 34% are positive. AT&T Inc. had 68 analyst reports since July 27, 2015 according to SRatingsIntel. The company was downgraded on Monday, October 24 by Drexel Hamilton. The stock of AT&T Inc. (NYSE:T) has “Hold” rating given on Monday, October 2 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, February 4 by DA Davidson. The company was maintained on Monday, March 14 by Citigroup. The firm has “Sell” rating given on Friday, April 1 by Moffet Nathanson. On Tuesday, August 22 the stock rating was maintained by Jefferies with “Buy”. As per Saturday, September 5, the company rating was maintained by Oppenheimer. Bank of America downgraded the shares of T in report on Thursday, July 13 to “Neutral” rating. On Monday, August 28 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of AT&T Inc. (NYSE:T) earned “Neutral” rating by Buckingham Research on Friday, June 24.

Since August 4, 2017, it had 0 insider buys, and 34 sales for $42.82 million activity. 14,369 shares were sold by McLoughlin Karen, worth $1.03 million. RAMAKRISHNAN CHANDRASEKARAN sold $1.80 million worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Monday, September 11. Another trade for 1,726 shares valued at $125,998 was sold by CHATTERJEE DEBASHIS. $830,705 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by KLEIN JOHN E. 10,000 shares valued at $697,469 were sold by GOMATAM SUMITHRA on Monday, August 7. Another trade for 32 shares valued at $2,351 was sold by Middleton Sean.

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on February, 14. They expect $0.88 earnings per share, up 15.79% or $0.12 from last year’s $0.76 per share. CTSH’s profit will be $518.89 million for 21.23 P/E if the $0.88 EPS becomes a reality. After $0.93 actual earnings per share reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts -5.38% negative EPS growth.

Among 30 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 23 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Cognizant Technology Solutions Corp. had 75 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Cowen & Co given on Friday, February 19. The stock has “Buy” rating by Societe Generale on Monday, September 26. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Friday, September 30 by HSBC. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Market Perform” rating by William Blair on Wednesday, November 23. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Outperform” rating by BMO Capital Markets on Thursday, November 2. On Thursday, September 10 the stock rating was initiated by SunTrust with “Buy”. The company was maintained on Thursday, November 2 by Morgan Stanley. Citigroup maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Wednesday, July 20 with “Buy” rating. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Friday, January 12 by Robert W. Baird. The firm earned “Buy” rating on Thursday, October 12 by Robert W. Baird.

Quantitative Investment Management Llc, which manages about $1.89 billion and $8.76 billion US Long portfolio, upped its stake in Seabridge Gold Inc (NYSE:SA) by 75,000 shares to 95,300 shares, valued at $1.16M in 2017Q3, according to the filing. It also increased its holding in Regions Financial Corp (NYSE:RF) by 567,300 shares in the quarter, for a total of 990,800 shares, and has risen its stake in Hibbett Sports Inc (NASDAQ:HIBB).

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