CTSH

We have made the following changes in the income/stability portfolio: We sold our position in DXC at $31.79. This raised $8100. We purchased 200 shares of Cognizant for $71.49. This cost $14,310. And we added 70 shares of Dassault to the portfolio at a price of $219,99. This cost $15,410. The net of these transactions…

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Thursday’s price action has seen some consolidation in the IT sector after a halcyon performance on Wednesday. No more than anyone else, I have no idea if the bottom is in-I hope it is, and I have made my portfolio bets that way, but sentiment in the last few weeks has been like quicksilver. Sometimes…

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Cognizant (CTSH) We are buying 200 shares of Cognizant (CTSH) in our income/stability portfolio, using up our cash balance, and a little more. We are buying the shares at a price of $64.63, the closing price on Monday, which will take $12,926. We had sold Cognizant shares back in August at $75/share in the wake…

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Impinj Impinj reported its results last evening. The shares have seen a relatively significant negative reaction so far-although they have fallen about 11% as I write this-a more or less typical reaction to earnings in this fraught season. The results were a beat-even compared to the upside pre-announcement release. The guidance was more or less…

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Cognizant We are selling our position in Cognizant shares at last night’s closing price of $75.10/share. We have held 153 shares in the portfolio over the past year that we bought at a price of $$70.90. The sale will provide us with a return of about 6% in addition to the dividend that Cognizant has…

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Cognizant reported the results of its fiscal Q1 early yesterday. The results were not well received, and the shares declined by a bit more than 5% in Monday’s trading. That left the shares up by just about 13% over the past 8+ months, one of the poorer performances in our overall portfolio and below the…

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Spring Cleaning

We are making two changes to the high growth portfolio this day. We are selling Red Hat shares at today’s opening price. This will raise about $22,000 in cash and will increase the cash balance in the portfolio to about $30,000. We are also selling 11% of all of the other portfolio holdings at the…

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Cognizant Earnings

Cognizant reported the results of its September ending quarter earlier this morning. Overall, compared to prior fears, the results were decent if not spectacular. The company reported revenues that were in line and reported earnings per share that were a slight beat. It forecast earnings per share to be in line with prior consensus with…

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Cognizant

It was reported today that Cognizant Technology (CTSH) has announced that it’s conducting an internal investigation into whether payments with regards to facilities in India may have violated the U.S Foreign Corrupt Practices Act. The investigation is being overseen by the company’s audit committee as well as outside counsel. Most tellingly, Gordon Coburn, the President…

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