Selway Asset Management Decreased Its Cognizant Tech (CTSH) Holding; Yandex N.V. – Class A Ordinary Shares (YNDX) Shorts Down By 17.57%

April 23, 2018 - By Nellie Frank

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Yandex N.V. – Class A Ordinary Shares (NASDAQ:YNDX) had a decrease of 17.57% in short interest. YNDX’s SI was 3.47 million shares in April as released by FINRA. Its down 17.57% from 4.21M shares previously. With 3.00 million avg volume, 1 days are for Yandex N.V. – Class A Ordinary Shares (NASDAQ:YNDX)’s short sellers to cover YNDX’s short positions. The SI to Yandex N.V. – Class A Ordinary Shares’s float is 1.28%. The stock decreased 1.95% or $0.67 during the last trading session, reaching $33.72. About 5.38M shares traded or 24.15% up from the average. Yandex N.V. (NASDAQ:YNDX) has risen 79.21% since April 23, 2017 and is uptrending. It has outperformed by 67.66% the S&P500.

Selway Asset Management decreased Cognizant Tech (CTSH) stake by 7.87% reported in 2017Q4 SEC filing. Selway Asset Management sold 4,900 shares as Cognizant Tech (CTSH)’s stock rose 11.69%. The Selway Asset Management holds 57,375 shares with $4.08M value, down from 62,275 last quarter. Cognizant Tech now has $48.09B valuation. The stock decreased 0.73% or $0.6 during the last trading session, reaching $81.77. About 3.05 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 36.40% since April 23, 2017 and is uptrending. It has outperformed by 24.85% the S&P500.

Among 9 analysts covering Yandex N.V. (NASDAQ:YNDX), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Yandex N.V. had 23 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, October 25 by Deutsche Bank. As per Tuesday, November 17, the company rating was upgraded by Morgan Stanley. As per Monday, March 14, the company rating was upgraded by Citigroup. The stock of Yandex N.V. (NASDAQ:YNDX) earned “Outperform” rating by Credit Suisse on Friday, December 30. The firm has “Hold” rating given on Friday, April 7 by Standpoint Research. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 31. On Monday, July 18 the stock rating was initiated by HSBC with “Buy”. As per Friday, July 14, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating by Deutsche Bank on Thursday, April 19. The company was downgraded on Tuesday, August 4 by Zacks.

Yandex N.V. operates an Internet search engine in Russia and internationally. The company has market cap of $11.03 billion. The firm offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices. It has a 39.48 P/E ratio. It provides maps and location services, such as Yandex.Maps, Yandex.Navigator, and Yandex.Transport; Yandex.Mail that provides users access to their email accounts; Yandex.Disk, a cloud storage service; Yandex.News, an online news aggregation service; Yandex.Weather, a service that offers hyperlocal weather information; and Yandex Browser for desktops and mobile platforms.

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 90 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by SunTrust on Thursday, September 10 with “Buy”. The company was maintained on Thursday, August 6 by BMO Capital Markets. The stock has “Buy” rating by Jefferies on Wednesday, October 11. The firm has “Outperform” rating given on Friday, February 19 by Cowen & Co. The rating was upgraded by Argus Research on Thursday, February 22 to “Buy”. As per Wednesday, February 7, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by Loop Capital given on Tuesday, January 10. RBC Capital Markets maintained it with “Buy” rating and $77.0 target in Tuesday, September 5 report. As per Thursday, February 8, the company rating was maintained by Nomura. Credit Suisse maintained the stock with “Outperform” rating in Friday, February 9 report.

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on May, 7 before the open. They expect $0.98 EPS, up 24.05% or $0.19 from last year’s $0.79 per share. CTSH’s profit will be $576.29M for 20.86 P/E if the $0.98 EPS becomes a reality. After $0.96 actual EPS reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts 2.08% EPS growth.

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

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