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Major prime broker Nomura is accumulating shares of this company, 13F shows

Published 05/16/2024, 10:43 AM
© Reuters.

Prime broker Nomura has accumulated shares of an information technology company, according to its 13F filing for Q1 2024.

Nomura opened a position in Cognizant during the first quarter. This move resulted in Nomura owning a substantial 13.3 million shares by the end of the period.

That is 2.43% of its portfolio and it ranks seventh on CTSH's list of first quarter holders. According to Whale Wisdom, Cognizant (NASDAQ:CTSH) was Nomura's top buy. The site shows that it is Nomura's eighth-largest holding.

At the start of May, CTSH reported its latest quarterly earnings. The company posted a first-quarter profit of $1.12 per share, $0.01 better than the analyst estimate of $1.11. Revenue for the quarter came in at $4.76 billion, above the consensus estimate of $4.72 billion.

Over the last week, Cognizant shares have risen over 4%. However, so far in 2024, the stock is down 6.7%.

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