As Halliburton Co (HAL) Stock Value Declined, Shareholder Sankaty Advisors Cut Its Holding by $1.15 Million; Yacktman Asset Management LP Has Lifted Its Position in Cognizant Technology Solutions (CTSH) as Market Valuation Declined

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Sankaty Advisors Llc decreased its stake in Halliburton Co (HAL) by 25% based on its latest 2018Q3 regulatory filing with the SEC. Sankaty Advisors Llc sold 28,794 shares as the company’s stock declined 20.20% with the market. The hedge fund held 86,383 shares of the oilfield services and equipment company at the end of 2018Q3, valued at $3.50 million, down from 115,177 at the end of the previous reported quarter. Sankaty Advisors Llc who had been investing in Halliburton Co for a number of months, seems to be less bullish one the $28.25B market cap company. The stock increased 4.37% or $1.35 during the last trading session, reaching $32.25. About 16.46M shares traded or 38.25% up from the average. Halliburton Company (NYSE:HAL) has declined 32.63% since January 20, 2018 and is downtrending. It has underperformed by 32.63% the S&P500. Some Historical HAL News: 08/03/2018 PREMIER OIL: HALLIBURTON, DIAMOND DRILLING SIGNED SERVICE DEALS; 27/04/2018 – Exxon Breaks Off Halliburton-Sized Chunk in Market-Value Crash; 23/04/2018 – Halliburton Wrote Down All of Remaining Investment in Venezuela During 1Q; 27/03/2018 – HALLIBURTON: INTL ACTIVITY LOOKS TO BE UP ABOUT 5% IN 2018; 27/05/2018 – ARAMCO AWARDS HALLIBURTON CONTRACT FOR UNCONVENTIONAL GAS PROJ; 23/04/2018 – Halliburton Hits 1Q Estimates — Earnings Review; 18/05/2018 – Halliburton Looks Forward to Active Engagement With Shareholders on Compensation and Other Issues; 23/04/2018 – HALLIBURTON SAYS PRESSURE IN THE INTERNATIONAL MARKET TO LEAD TO SIMILAR 2Q DRILLING AND EVALUATIONS MARGINS AND REVENUES; 27/03/2018 – HALLIBURTON SEES FRACK MARKET REMAININING TIGHT THROUGH 2018; 23/04/2018 – Halliburton revises 2018 capex budget up slightly

Yacktman Asset Management Lp increased its stake in Cognizant Technology Solutions (CTSH) by 0.95% based on its latest 2018Q3 regulatory filing with the SEC. Yacktman Asset Management Lp bought 12,116 shares as the company’s stock declined 11.21% with the market. The hedge fund held 1.29 million shares of the edp services company at the end of 2018Q3, valued at $99.28M, up from 1.27M at the end of the previous reported quarter. Yacktman Asset Management Lp who had been investing in Cognizant Technology Solutions for a number of months, seems to be bullish on the $39.27 billion market cap company. The stock increased 1.91% or $1.27 during the last trading session, reaching $67.82. About 3.90M shares traded or 0.46% up from the average. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has declined 6.31% since January 20, 2018 and is downtrending. It has underperformed by 6.31% the S&P500. Some Historical CTSH News: 30/04/2018 – SOLOMON: CLIENTS SHOULD BE COGNIZANT OF LENGTH OF MARKET RALLY; 07/05/2018 – Cognizant Cuts 2018 Adjusted EPS View on Higher-Than-Expected Tax Rate; 15/05/2018 – CEO D’Souza Gifts 325 Of Cognizant Technology Solutions Corp; 14/03/2018 – Cognizant Launches $300 Million Accelerated Share Repurchase; 03/04/2018 – Cognizant Defends Tax Position At Chennai High Court Hearing; High Court Lifts Attachment Of Cognizant Accounts; 24/05/2018 – Cognizant Interactive Among Top of Ad Age’s Agency Report 2018 Rankings; 07/05/2018 – COGNIZANT SEES 2Q ADJ EPS AT LEAST $1.09, EST. $1.12; 03/04/2018 – Indian court orders tax dept to lift freeze on Cognizant’s funds; 07/05/2018 – COGNIZANT SEES FY ADJ EPS $4.47, EST. $4.55; 22/03/2018 – Cognizant And General Assembly To Launch No-Cost Digital Engineering Education Program

More notable recent Halliburton Company (NYSE:HAL) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For January 17, 2019 – Benzinga” on January 17, 2019, also Seekingalpha.com with their article: “Stocks To Watch: Earnings Heat Check – Seeking Alpha” published on January 19, 2019, Seekingalpha.com published: “If Schlumberger Catches Cold, Will Halliburton Catch Pneumonia? – Seeking Alpha” on December 30, 2018. More interesting news about Halliburton Company (NYSE:HAL) were released by: Seekingalpha.com and their article: “Halliburton On Sale – Seeking Alpha” published on January 08, 2019 as well as Benzinga.com‘s news article titled: “8 Biggest Price Target Changes For Thursday – Benzinga” with publication date: January 17, 2019.

Investors sentiment increased to 1 in Q3 2018. Its up 0.08, from 0.92 in 2018Q2. It improved, as 77 investors sold HAL shares while 278 reduced holdings. 85 funds opened positions while 271 raised stakes. 658.95 million shares or 1.94% less from 671.97 million shares in 2018Q2 were reported. 37,500 were accumulated by Hudson Bay Mgmt Ltd Partnership. Kayne Anderson Rudnick Inv Management Lc reported 204,039 shares. Impala Asset Ltd Com holds 90,240 shares. Gabelli Funds Ltd Company invested 0.31% in Halliburton Company (NYSE:HAL). Ingalls And Snyder Ltd Limited Liability Company, New York-based fund reported 13,353 shares. Twin Tree Mngmt Lp has invested 0.01% in Halliburton Company (NYSE:HAL). 9,312 are held by Lombard Odier Asset Management (Europe) Limited. Victory Capital Mgmt Incorporated holds 13,062 shares. Hightower Advisors Llc reported 0.02% of its portfolio in Halliburton Company (NYSE:HAL). Edge Wealth Mngmt Ltd Liability has invested 0% in Halliburton Company (NYSE:HAL). State Of Wisconsin Investment Board owns 1.17M shares. Tradewinds Cap Management holds 2,846 shares or 0.04% of its portfolio. Cubist Systematic Strategies Ltd Liability Corp, Connecticut-based fund reported 3,577 shares. Bridges Management Inc accumulated 28,048 shares. Meyer Handelman holds 237,500 shares or 0.47% of its portfolio.

Since September 20, 2018, it had 0 insider purchases, and 7 selling transactions for $1.15 million activity. Brown James S also sold $648,034 worth of Halliburton Company (NYSE:HAL) shares. Pope Lawrence J sold $93,680 worth of stock or 2,000 shares.

Analysts await Halliburton Company (NYSE:HAL) to report earnings on January, 22 before the open. They expect $0.37 earnings per share, down 30.19% or $0.16 from last year’s $0.53 per share. HAL’s profit will be $324.13 million for 21.79 P/E if the $0.37 EPS becomes a reality. After $0.50 actual earnings per share reported by Halliburton Company for the previous quarter, Wall Street now forecasts -26.00% negative EPS growth.

Among 45 analysts covering Halliburton Company (NYSE:HAL), 40 have Buy rating, 0 Sell and 5 Hold. Therefore 89% are positive. Halliburton Company had 175 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Halliburton Company (NYSE:HAL) earned “Buy” rating by Loop Capital on Thursday, October 20. The rating was maintained by Citigroup with “Buy” on Monday, June 25. The rating was maintained by Jefferies with “Buy” on Wednesday, April 4. The rating was maintained by BMO Capital Markets on Wednesday, October 11 with “Buy”. The firm has “Buy” rating given on Monday, October 5 by Citigroup. The firm has “Market Perform” rating given on Tuesday, January 26 by Cowen & Co. The stock of Halliburton Company (NYSE:HAL) earned “Buy” rating by UBS on Tuesday, January 26. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, October 20 report. The firm has “Buy” rating given on Thursday, October 20 by DA Davidson. On Wednesday, April 25 the stock rating was maintained by Barclays Capital with “Overweight”.

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 22 have Buy rating, 2 Sell and 9 Hold. Therefore 67% are positive. Cognizant Technology Solutions Corp. had 103 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America on Tuesday, November 22 to “Underperform”. On Wednesday, October 11 the stock rating was maintained by Jefferies with “Buy”. Cowen & Co downgraded the shares of CTSH in report on Monday, November 26 to “Market Perform” rating. SunTrust maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Wednesday, February 7. SunTrust has “Buy” rating and $90.0 target. The firm earned “Buy” rating on Monday, November 26 by Goldman Sachs. Sterne Agee CRT initiated the stock with “Neutral” rating in Thursday, December 17 report. The rating was maintained by Needham on Thursday, August 6 with “Buy”. Citigroup maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Wednesday, July 20 with “Buy” rating. The rating was downgraded by Morgan Stanley on Tuesday, January 31 to “Equal-Weight”. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, September 6.

Yacktman Asset Management Lp, which manages about $30.82 billion and $8.34B US Long portfolio, decreased its stake in Microsoft Corp. (NASDAQ:MSFT) by 16,498 shares to 4.26 million shares, valued at $486.87 million in 2018Q3, according to the filing. It also reduced its holding in Stryker Corporation (NYSE:SYK) by 3,319 shares in the quarter, leaving it with 38,927 shares, and cut its stake in Pepsico Inc. (NYSE:PEP).

Investors sentiment decreased to 1.03 in Q3 2018. Its down 0.09, from 1.12 in 2018Q2. It dived, as 40 investors sold CTSH shares while 306 reduced holdings. 93 funds opened positions while 265 raised stakes. 470.99 million shares or 2.83% less from 484.73 million shares in 2018Q2 were reported. Natixis holds 0.15% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 339,368 shares. Architects reported 0% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Savings Bank Of Montreal Can owns 646,749 shares or 0.04% of their US portfolio. Moreover, Veritas Llp has 7.16% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Girard Prtnrs stated it has 23,215 shares. Guyasuta Inv invested in 2,687 shares. Moreover, Morgan Stanley has 0.04% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 1.99 million shares. Franklin has invested 0.45% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Rmb Management Ltd holds 365,464 shares. Manchester Capital Management Limited Liability Corporation holds 2,728 shares or 0.03% of its portfolio. Pitcairn holds 0.07% or 8,654 shares in its portfolio. Plante Moran Financial Lc reported 625 shares. Commerzbank Aktiengesellschaft Fi reported 0.04% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Country State Bank stated it has 0% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Aperio Group Limited Com reported 0.14% stake.

Since August 21, 2018, it had 0 insider purchases, and 20 sales for $2.08 million activity. Telesmanic Robert sold $54,470 worth of stock. 7,251 shares valued at $448,683 were sold by Frank Malcolm on Thursday, January 3. Shaheen Allen also sold $26,361 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. On Friday, December 14 Friedrich Matthew W. sold $30,666 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 449 shares. $57,052 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Lennox James Patrick on Friday, September 14. 1,654 shares were sold by Kandiah Gajakarnan Vibushanan, worth $114,126.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Institutional Positions Chart

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