Genesis Asset Managers Llp Has Lowered Cognizant Technology Solutions (CTSH) Stake; Fuling Global Ord (FORK) Shorts Down By 84.88%

December 13, 2017 - By Maria Brooks

Genesis Asset Managers Llp decreased Cognizant Technology Solutions (CTSH) stake by 44.44% reported in 2017Q2 SEC filing. Genesis Asset Managers Llp sold 3.55M shares as Cognizant Technology Solutions (CTSH)’s stock rose 12.87%. The Genesis Asset Managers Llp holds 4.43M shares with $294.26M value, down from 7.98M last quarter. Cognizant Technology Solutions now has $41.97 billion valuation. The stock decreased 0.38% or $0.27 during the last trading session, reaching $71.18. About 1.60M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since December 13, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Fuling Global Ord (NASDAQ:FORK) had a decrease of 84.88% in short interest. FORK’s SI was 3,100 shares in December as released by FINRA. Its down 84.88% from 20,500 shares previously. With 55,300 avg volume, 0 days are for Fuling Global Ord (NASDAQ:FORK)’s short sellers to cover FORK’s short positions. The SI to Fuling Global Ord’s float is 0.07%. The stock increased 10.63% or $0.43 during the last trading session, reaching $4.43. About 204,742 shares traded. Fuling Global Inc. (NASDAQ:FORK) has 0.00% since December 13, 2016 and is . It has underperformed by 16.70% the S&P500.

Fuling Global Inc. produces and distributes plastic service ware in the PeopleÂ’s Republic of China. The company has market cap of $69.62 million. The firm offers disposable cutlery, including forks, knives, spoons, and utensils; drinking straws; cups and plates; and other plastics products. It has a 13.01 P/E ratio. It sells its products directly, as well as through distributors to dealers, QSRs, manufacturers, and retailers.

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 $518.89M for 20.22 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 73 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, October 3 by Citigroup. Credit Suisse maintained it with “Buy” rating and $89.0 target in Thursday, November 2 report. The stock has “Outperform” rating by Robert W. Baird on Thursday, October 19. RBC Capital Markets maintained it with “Outperform” rating and $68 target in Tuesday, February 9 report. The company was maintained on Monday, October 30 by Barclays Capital. Loop Capital initiated the shares of CTSH in report on Tuesday, January 10 with “Hold” rating. The company was downgraded on Thursday, June 8 by HSBC. Berenberg upgraded the stock to “Buy” rating in Tuesday, August 8 report. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Tuesday, September 5 by RBC Capital Markets. The company was maintained on Monday, October 10 by Jefferies.

Genesis Asset Managers Llp increased Banco Macro Bansud Adr (NYSE:BMA) stake by 136,358 shares to 1.16 million valued at $106.53 million in 2017Q2. It also upped Ultrapar Participacoes Sa (NYSE:UGP) stake by 2.14M shares and now owns 3.07M shares. Liberty Global Plc Lilac Shs Cl A was raised too.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.27, from 0.76 in 2017Q1. It improved, as 53 investors sold CTSH shares while 330 reduced holdings. 86 funds opened positions while 205 raised stakes. 503.05 million shares or 1.75% less from 512.00 million shares in 2017Q1 were reported. Thornburg Inv Inc holds 0.15% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 289,393 shares. Bp Public Limited Liability Company has invested 0.18% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Orrstown Ser holds 19,462 shares or 1.41% of its portfolio. Edgewood Mngmt Ltd Liability Corporation holds 5.04% or 15.47 million shares in its portfolio. Becker Capital Mngmt owns 8,350 shares or 0.02% of their US portfolio. Guardian Capital LP reported 207,239 shares or 0.21% of all its holdings. The New York-based Fred Alger Mgmt has invested 0.62% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Benchmark Cap Advsr reported 5,400 shares or 0.28% of all its holdings. Teacher Retirement Systems Of Texas has 0.42% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Cryder Cap Ptnrs Llp accumulated 11.87% or 487,755 shares. Quantitative Investment Mngmt Ltd Co holds 428,200 shares. Mark Sheptoff Finance Planning Limited Liability accumulated 600 shares or 0.03% of the stock. Montecito State Bank And, a California-based fund reported 4,743 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys, a Pennsylvania-based fund reported 43,759 shares. Qs Invsts Ltd holds 16,065 shares.

Since August 4, 2017, it had 0 insider buys, and 27 selling transactions for $21.98 million activity. 25,000 shares valued at $1.78M were sold by RAMAKRISHNAN CHANDRASEKARAN on Friday, September 1. Kandiah Gajakarnan Vibushanan sold 1,954 shares worth $139,248. On Friday, August 4 Veeraraghavachary Srinivasan sold $177,500 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 2,500 shares. $830,705 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by KLEIN JOHN E. Shares for $2.50M were sold by Mehta Rajeev on Tuesday, September 12. 2,358 shares were sold by Shaheen Allen, worth $165,525 on Tuesday, September 5. 7,315 shares were sold by Lennox James Patrick, worth $509,779.

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