As Jpmorgan Chase & Co (JPM) Stock Rose, Utah Retirement Systems Cut Holding; Jupiter Asset Management LTD Holding in Virtusa (VRTU) Has Trimmed as Share Value Rose

May 20, 2018 - By Michael Collier

JPMorgan Chase & Co. (NYSE:JPM) Logo

Utah Retirement Systems decreased its stake in Jpmorgan Chase & Co (JPM) by 1% based on its latest 2017Q4 regulatory filing with the SEC. Utah Retirement Systems sold 6,500 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 642,916 shares of the major banks company at the end of 2017Q4, valued at $68.75 million, down from 649,416 at the end of the previous reported quarter. Utah Retirement Systems who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $378.32 billion market cap company. The stock decreased 1.62% or $1.83 during the last trading session, reaching $111.13. About 11.81M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 20, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Jupiter Asset Management Ltd decreased its stake in Virtusa Corp (VRTU) by 6.51% based on its latest 2017Q4 regulatory filing with the SEC. Jupiter Asset Management Ltd sold 8,336 shares as the company’s stock rose 3.96% while stock markets declined. The institutional investor held 119,803 shares of the edp services company at the end of 2017Q4, valued at $5.28M, down from 128,139 at the end of the previous reported quarter. Jupiter Asset Management Ltd who had been investing in Virtusa Corp for a number of months, seems to be less bullish one the $1.40 billion market cap company. The stock increased 0.46% or $0.22 during the last trading session, reaching $47.59. About 206,671 shares traded. Virtusa Corporation (NASDAQ:VRTU) has risen 56.23% since May 20, 2017 and is uptrending. It has outperformed by 44.68% the S&P500.

Among 10 analysts covering Virtusa (NASDAQ:VRTU), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Virtusa had 38 analyst reports since July 29, 2015 according to SRatingsIntel. Suntrust Robinson upgraded Virtusa Corporation (NASDAQ:VRTU) on Friday, February 19 to “Buy” rating. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Buy” rating by Cantor Fitzgerald on Wednesday, March 14. The company was maintained on Wednesday, March 14 by Needham. The rating was upgraded by Needham to “Buy” on Tuesday, April 10. Wedbush maintained the stock with “Neutral” rating in Tuesday, March 13 report. The firm earned “Buy” rating on Thursday, November 10 by Needham. As per Wednesday, January 25, the company rating was maintained by Maxim Group. The company was maintained on Wednesday, November 4 by Maxim Group. The firm has “Hold” rating given on Wednesday, April 4 by SunTrust. As per Friday, March 24, the company rating was upgraded by Cowen & Co.

Jupiter Asset Management Ltd, which manages about $3.48B US Long portfolio, upped its stake in Interdigital Inc (Prn) by 3.50 million shares to 8.00 million shares, valued at $9.56M in 2017Q4, according to the filing. It also increased its holding in Priceline Grp Inc (Prn) by 1.00M shares in the quarter, for a total of 7.00M shares, and has risen its stake in Manchester Utd Plc New (NYSE:MANU).

More recent Virtusa Corporation (NASDAQ:VRTU) news were published by: Benzinga.com which released: “Earnings Scheduled For May 15, 2018” on May 15, 2018. Also Profitconfidential.com published the news titled: “Virtusa Stock Is Heading to Higher Ground” on April 30, 2018. Globenewswire.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for Virtusa, AutoZone, Healthcare Services Group, Vmware …” with publication date: May 17, 2018 was also an interesting one.

Since December 12, 2017, it had 0 buys, and 18 sales for $8.74 million activity. DAVOLI ROBERT E also sold $68,186 worth of Virtusa Corporation (NASDAQ:VRTU) shares. Rajgopal Raj had sold 4,025 shares worth $190,323 on Monday, April 2. $171,081 worth of Virtusa Corporation (NASDAQ:VRTU) was sold by Narayanan Sundararajan on Thursday, March 15. Holler Thomas R had sold 17,479 shares worth $883,273. Kalia Ranjan sold $698,453 worth of Virtusa Corporation (NASDAQ:VRTU) on Thursday, March 15. The insider Modder Roger Keith sold 12,500 shares worth $625,351.

Investors sentiment increased to 1.5 in 2017 Q4. Its up 0.70, from 0.8 in 2017Q3. It improved, as 7 investors sold VRTU shares while 51 reduced holdings. 37 funds opened positions while 50 raised stakes. 24.34 million shares or 3.51% less from 25.23 million shares in 2017Q3 were reported. Assetmark owns 64 shares. Tudor Invest Corp Et Al has invested 0.01% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). Citigroup holds 0% in Virtusa Corporation (NASDAQ:VRTU) or 11,059 shares. Cubist Systematic Strategies Limited Liability Company invested in 10,005 shares or 0.02% of the stock. Summit Creek Advisors Limited Company holds 1.18% or 142,422 shares in its portfolio. Jpmorgan Chase And has 0% invested in Virtusa Corporation (NASDAQ:VRTU). Tiaa Cref Investment Ltd Limited Liability Company holds 65,327 shares. Etrade Cap Mngmt Lc reported 9,235 shares. Alliancebernstein Ltd Partnership, New York-based fund reported 425,883 shares. Skyline Asset Lp stated it has 1.61% in Virtusa Corporation (NASDAQ:VRTU). Granahan Incorporated Ma accumulated 381,312 shares or 1.32% of the stock. 134,348 are held by Schwab Charles Investment Mngmt Incorporated. Fmr Limited Liability Corp holds 0.02% or 3.64 million shares in its portfolio. Art Advisors Ltd Liability reported 0.03% in Virtusa Corporation (NASDAQ:VRTU). Arizona State Retirement Systems has invested 0.02% in Virtusa Corporation (NASDAQ:VRTU).

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.26 EPS, up 24.18% or $0.44 from last year’s $1.82 per share. JPM’s profit will be $7.69 billion for 12.29 P/E if the $2.26 EPS becomes a reality. After $2.37 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.64% negative EPS growth.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 120 analyst reports since July 21, 2015 according to SRatingsIntel. Ertse Group downgraded JPMorgan Chase & Co. (NYSE:JPM) on Monday, April 25 to “Hold” rating. Bruyette & Woods” upgraded the shares of JPM in report on Monday, August 17 to “Outperform” rating. The rating was maintained by Argus Research on Wednesday, October 14 with “Buy”. Wells Fargo maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, January 17 with “Buy” rating. Robert W. Baird maintained it with “Hold” rating and $92.0 target in Wednesday, November 15 report. UBS maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Monday, January 18. UBS has “Neutral” rating and $63 target. The firm has “Buy” rating given on Wednesday, January 24 by Credit Suisse. The firm has “Overweight” rating by Morgan Stanley given on Friday, October 13. The firm has “Buy” rating by RBC Capital Markets given on Monday, November 13. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, December 6 report.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.03, from 0.91 in 2017Q3. It fall, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. Commonwealth Financial Bank Of has invested 0.58% in JPMorgan Chase & Co. (NYSE:JPM). Basswood Capital Mgmt Ltd Com, New York-based fund reported 733,012 shares. Davidson accumulated 362,809 shares. Triangle Secs Wealth Mngmt holds 34,112 shares or 2.08% of its portfolio. First Savings Bank Of Omaha invested in 331,703 shares or 2.07% of the stock. Pineno Levin & Ford Asset Mgmt Incorporated has invested 0.1% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Stearns Fincl Ser Grp has invested 0.38% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). 29,919 are held by Symphony Asset Lc. Ibm Retirement Fund holds 89,965 shares or 1.78% of its portfolio. Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.79% in JPMorgan Chase & Co. (NYSE:JPM). Natixis stated it has 1.02% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Cookson Peirce invested 0.11% in JPMorgan Chase & Co. (NYSE:JPM). Inspirion Wealth Advisors Ltd Liability Corporation holds 0.12% in JPMorgan Chase & Co. (NYSE:JPM) or 2,223 shares. Impax Asset Management Ltd Llc holds 0.98% or 159,218 shares. Cove Street Cap Limited Liability invested in 92,941 shares or 1.07% of the stock.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan to open up alternative investments to a broader client base” on May 17, 2018, also Seekingalpha.com with their article: “King Dimon – For Now | JPMorgan” published on April 26, 2018, Livetradingnews.com published: “JPMorgan Chase & Co. (NYSE:JPM) Trending Upwards” on May 11, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan doubles down on AI” published on May 04, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan Chase & Co’s (JPM) CEO Jamie Dimon Hosts Annual Shareholders Meeting Broker Conference Call …” with publication date: May 15, 2018.

Since January 13, 2018, it had 3 insider purchases, and 8 insider sales for $18.63 million activity. Another trade for 48,344 shares valued at $5.43M was sold by Petno Douglas B. 17,057 shares were sold by Scher Peter, worth $1.91M on Saturday, January 13. Giles Nicole had sold 3,783 shares worth $425,399. Shares for $825,327 were bought by CROWN JAMES S. Shares for $1.99M were sold by Friedman Stacey on Saturday, January 13. $7.31M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Erdoes Mary E. on Saturday, January 13.

Virtusa Corporation (NASDAQ:VRTU) Institutional Positions Chart

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By1 Michael Collier

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