As Nike (NKE) Stock Value Rose, Hendley & Co Lowered Its Holding by $3.44 Million; Leuthold Group Cut Its Cognizant Technology Solutions (CTSH) Position by $634,160 as Shares Declined

June 14, 2018 - By Richard Conner

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Hendley & Co Inc decreased its stake in Nike Inc. (NKE) by 65.66% based on its latest 2018Q1 regulatory filing with the SEC. Hendley & Co Inc sold 52,142 shares as the company’s stock rose 3.73% while stock markets declined. The institutional investor held 27,265 shares of the consumer non-durables company at the end of 2018Q1, valued at $1.81 million, down from 79,407 at the end of the previous reported quarter. Hendley & Co Inc who had been investing in Nike Inc. for a number of months, seems to be less bullish one the $120.43 billion market cap company. The stock increased 0.82% or $0.61 during the last trading session, reaching $74.72. About 3.78M shares traded. NIKE, Inc. (NYSE:NKE) has risen 38.01% since June 14, 2017 and is uptrending. It has outperformed by 25.44% the S&P500. Some Historical NKE News: 14/03/2018 – Nike Investors: Time to Switch Teams to Adidas — Heard on the Street; 15/03/2018 – Nike, Inc. Announces That Mark Parker Will Continue as Chairman, President and CEO beyond 2020; 10/04/2018 – Gender Pay Scorecard: Failing Grades For Facebook, Goldman Sachs And Walmart; Top Marks For Apple, Nike And Wells Fargo; 22/03/2018 – NIKE 3Q CALL HAS ENDED; 04/04/2018 – Nike’s efforts to increase representation of women and minorities will start at the vice president level, the memo said; 22/03/2018 – Nike 3Q Equipment Rev $314M; 19/04/2018 – Fourth Executive Out At Nike As VP Of Footwear Leaves-Portland Business Journal — MarketWatch; 18/04/2018 – NIKE INC NKE.N SAYS GREG THOMPSON, NIKE’S VICE PRESIDENT OF FOOTWEAR, HAS LEFT THE COMPANY; 16/03/2018 – Nike loses another top exec amid probe into alleged inappropriate behavior; 22/03/2018 – Ackman exits Nike stake with $100 million in profit

Leuthold Group Llc decreased its stake in Cognizant Technology Solutions (CTSH) by 15.38% based on its latest 2018Q1 regulatory filing with the SEC. Leuthold Group Llc sold 7,927 shares as the company’s stock declined 8.67% with the market. The hedge fund held 43,600 shares of the edp services company at the end of 2018Q1, valued at $3.51 million, down from 51,527 at the end of the previous reported quarter. Leuthold Group Llc who had been investing in Cognizant Technology Solutions for a number of months, seems to be less bullish one the $46.02 billion market cap company. The stock increased 0.68% or $0.53 during the last trading session, reaching $78.55. About 3.10M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 13.31% since June 14, 2017 and is uptrending. It has outperformed by 0.74% the S&P500. Some Historical CTSH News: 07/05/2018 – Cognizant CFO Sees Benefits of Cost Cuts and ‘Digitization’ Playing Out — Barron’s Blog; 07/05/2018 – Cognizant Tech Solutions 1Q Rev $3.91B; 07/05/2018 – Cognizant Tech Solutions Sees FY Adj EPS $4.47; 22/03/2018 – Accenture has spent more than $3 billion over the last three, years nearly half of it in fiscal 2017 on some 70 acquisitions, to boost its digital and cloud services in order to compete better with Cognizant and IBM; 07/05/2018 – Cognizant Tech Solutions 1Q Adj EPS $1.06; 16/04/2018 – Leading Indian Life Insurers Partner with Cognizant to Develop Industry-Wide Blockchain Solution for Secure Data-Sharing and Im; 07/05/2018 – COGNIZANT CFO – “THIS UPDATED INTERPRETATION OF THE GILTI PROVISION IS ESTIMATED TO HAVE A FULL YEAR EPS IMPACT OF $0.09 PER SHARE” – CONF CALL; 03/04/2018 – COGNIZANT TECHNOLOGY SOLUTIONS – AS PART OF STAY ORDER, TO DEPOSIT $75 MLN TO BE KEPT IN SUSPENSE ACCOUNT BY ITD, WITH REMAINDER MARKED UNDER LIEN

Since December 15, 2017, it had 1 buy, and 43 sales for $50.42 million activity. RAMAKRISHNAN CHANDRASEKARAN sold 25,000 shares worth $1.93 million. The insider Kandiah Gajakarnan Vibushanan sold $92,244. Mehta Rajeev also sold $671,882 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. 2,874 shares were sold by Friedrich Matthew W., worth $220,871. 4,710 shares valued at $361,983 were sold by Lennox James Patrick on Tuesday, June 5. Middleton Sean also sold $2,351 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, January 9.

More important recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Prnewswire.com which released: “Cognizant’s Netcentric Named 2018 Adobe Experience Cloud Partner of the Year in EMEA” on June 14, 2018, also Streetinsider.com published article titled: “Cognizant (CTSH) Announces CEO Francisco D’Souza as New Board Vice Chairman”, Prnewswire.com published: “Australian Utility Endeavour Energy chooses Cognizant for their Digital Transformation” on June 06, 2018. More interesting news about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was released by: Seekingalpha.com and their article: “STMicroelectronics Is Inexpensive – Cramer’s Lightning Round (6/1/18)” with publication date: June 04, 2018.

Leuthold Group Llc, which manages about $1.60 billion and $878.80M US Long portfolio, upped its stake in Aflac Inc. (NYSE:AFL) by 48,952 shares to 116,191 shares, valued at $5.09M in 2018Q1, according to the filing. It also increased its holding in Currencyshares Euro Trust (FXE) by 24,302 shares in the quarter, for a total of 137,391 shares, and has risen its stake in Vanguard Short (VTIP).

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on August, 2. They expect $1.03 EPS, up 18.39% or $0.16 from last year’s $0.87 per share. CTSH’s profit will be $603.47M for 19.07 P/E if the $1.03 EPS becomes a reality. After $0.99 actual EPS reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts 4.04% EPS growth.

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. As per Wednesday, July 12, the company rating was maintained by RBC Capital Markets. The rating was maintained by Needham with “Buy” on Tuesday, November 8. On Friday, February 19 the stock rating was initiated by Cowen & Co with “Outperform”. As per Friday, September 30, the company rating was downgraded by Citigroup. Suntrust Robinson initiated the shares of CTSH in report on Thursday, September 10 with “Buy” rating. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, January 31 report. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, November 9 report. The rating was downgraded by Argus Research on Friday, September 30 to “Hold”. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Buy”. Cantor Fitzgerald initiated the shares of CTSH in report on Friday, October 16 with “Buy” rating.

Investors sentiment decreased to 0.97 in 2018 Q1. Its down 0.22, from 1.19 in 2017Q4. It fall, as 44 investors sold CTSH shares while 338 reduced holdings. 100 funds opened positions while 269 raised stakes. 491.22 million shares or 0.15% less from 491.94 million shares in 2017Q4 were reported. Manufacturers Life Com The holds 0.09% or 957,746 shares in its portfolio. Peak6 Invs Lp reported 34,075 shares. New Mexico Educational Retirement Board owns 56,178 shares. Samlyn Capital Ltd Liability Corp reported 203,874 shares. Selway Asset reported 2.77% stake. Louisiana State Employees Retirement Sys invested in 35,900 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corporation stated it has 329,732 shares or 0.25% of all its holdings. Carroll Fincl Incorporated owns 417 shares. Moreover, Gulf Fincl Bank (Uk) Limited has 0.19% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 184,573 shares. Wendell David Associates has invested 0.53% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Williams Jones And Assoc Ltd Liability Com has 0.01% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Dnb Asset Mngmt As accumulated 2.31M shares. Martingale Asset Mgmt Limited Partnership invested 0.54% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Mitsubishi Ufj Hldgs Ltd has 180 shares for 0.05% of their portfolio. Sumitomo Mitsui Trust Holdg holds 1.71 million shares or 0.18% of its portfolio.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 26 have Buy rating, 2 Sell and 16 Hold. Therefore 59% are positive. Nike Inc. had 236 analyst reports since July 29, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Friday, July 21 report. Deutsche Bank maintained the stock with “Buy” rating in Thursday, October 26 report. Credit Suisse maintained it with “Outperform” rating and $126 target in Friday, September 25 report. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, September 28. The firm has “Outperform” rating given on Monday, December 18 by Telsey Advisory Group. UBS maintained the stock with “Buy” rating in Wednesday, September 28 report. The stock of NIKE, Inc. (NYSE:NKE) earned “Hold” rating by Piper Jaffray on Friday, December 22. The rating was maintained by Guggenheim with “Buy” on Thursday, December 14. Telsey Advisory Group upgraded the stock to “Outperform” rating in Monday, August 24 report. The company was maintained on Thursday, March 23 by Credit Suisse.

Investors sentiment decreased to 0.65 in Q1 2018. Its down 0.09, from 0.74 in 2017Q4. It fall, as 64 investors sold NKE shares while 515 reduced holdings. 100 funds opened positions while 277 raised stakes. 997.42 million shares or 1.70% less from 1.01 billion shares in 2017Q4 were reported. Thrivent Financial For Lutherans owns 325,959 shares. Cipher Cap Lp has invested 0.23% in NIKE, Inc. (NYSE:NKE). Veritable LP accumulated 63,128 shares or 0.09% of the stock. Cap Limited Liability Company owns 25,512 shares. Amp Capital Invsts holds 361,758 shares or 0.13% of its portfolio. Riverhead Limited Liability Com holds 20,185 shares. Pictet North America Sa holds 3,850 shares or 0.04% of its portfolio. 57,708 were accumulated by Kempen Capital Mngmt Nv. Blackhill has invested 0.02% in NIKE, Inc. (NYSE:NKE). Goldman Sachs Group owns 13.19 million shares. Pinnacle Associates Limited owns 31,112 shares or 0.04% of their US portfolio. New Mexico Educational Retirement Board reported 125,248 shares or 0.32% of all its holdings. Afam Cap stated it has 0.71% in NIKE, Inc. (NYSE:NKE). 1,800 were reported by Highlander Cap Limited. Missouri-based Duncker Streett & has invested 0.64% in NIKE, Inc. (NYSE:NKE).

Since December 15, 2017, it had 0 insider buys, and 10 sales for $56.97 million activity. $650,000 worth of stock was sold by Matheson Monique S. on Friday, December 15. 135,000 shares were sold by PARKER MARK G, worth $8.78M. $6.85M worth of NIKE, Inc. (NYSE:NKE) was sold by EDWARDS TREVOR A. Shares for $7.94M were sold by Slusher John F on Tuesday, January 2.

Hendley & Co Inc, which manages about $216.47 million and $188.94 million US Long portfolio, upped its stake in Johnson & Johnson (NYSE:JNJ) by 3,270 shares to 63,209 shares, valued at $8.10M in 2018Q1, according to the filing.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Bizjournals.com which released: “Nike rebuts reports about dropping Iranian soccer team” on June 11, 2018, also Bizjournals.com with their article: “Study of four massive companies — including Nike — indicates 40 percent of multinational profits go to tax havens” published on June 12, 2018, Seekingalpha.com published: “Nike breaks to new all-time high” on May 16, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Seekingalpha.com and their article: “There Is A Lot Going On Underneath The Market – Cramer’s Mad Money (6/11/18)” published on June 12, 2018 as well as Benzinga.com‘s news article titled: “Nike’s Product Line Is Tipping In A Positive Direction, According To Foot Locker” with publication date: June 11, 2018.

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