Artisan Partners Limited Partnership Has Trimmed Its Cigna (CI) Holding; Blackbaud, Inc. (BLKB) Had 5 Analysts Last Week

May 24, 2018 - By Charlene Higgins

Cigna Corporation (NYSE:CI) Logo

Among 14 analysts covering Blackbaud Inc (NASDAQ:BLKB), 5 have Buy rating, 2 Sell and 7 Hold. Therefore 36% are positive. Blackbaud Inc had 32 analyst reports since October 13, 2015 according to SRatingsIntel. The stock of Blackbaud, Inc. (NASDAQ:BLKB) has “Buy” rating given on Friday, October 27 by Citigroup. The firm has “Neutral” rating given on Tuesday, February 28 by Robert W. Baird. Wunderlich downgraded the shares of BLKB in report on Friday, February 10 to “Hold” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 8. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Underperform” rating by Evercore on Monday, March 12. The company was maintained on Friday, September 29 by Robert W. Baird. The stock of Blackbaud, Inc. (NASDAQ:BLKB) has “Buy” rating given on Thursday, March 22 by Stifel Nicolaus. The firm has “Neutral” rating given on Tuesday, October 13 by B. Riley & Co. The firm has “Buy” rating given on Friday, February 10 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of BLKB in report on Thursday, June 30 with “Buy” rating. See Blackbaud, Inc. (NASDAQ:BLKB) latest ratings:

02/05/2018 Broker: B. Riley & Co Old Rating: Neutral New Rating: Neutral Old Target: $90 New Target: $92 Maintain
22/03/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $105 New Target: $120 Maintain
16/03/2018 Broker: Robert W. Baird Rating: Hold New Target: $105.0 Maintain
12/03/2018 Broker: Evercore Old Rating: In-Line New Rating: Underperform Downgrade
08/02/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $100 New Target: $105 Maintain
06/02/2018 Broker: FBR Capital Rating: Hold New Target: $82.0
02/02/2018 Broker: DA Davidson Rating: Neutral New Target: $95 Initiates Coverage On

Artisan Partners Limited Partnership decreased Cigna Corporation (CI) stake by 14.87% reported in 2017Q4 SEC filing. Artisan Partners Limited Partnership sold 321,713 shares as Cigna Corporation (CI)’s stock declined 18.61%. The Artisan Partners Limited Partnership holds 1.84M shares with $374.02M value, down from 2.16 million last quarter. Cigna Corporation now has $42.73 billion valuation. The stock decreased 0.81% or $1.43 during the last trading session, reaching $175.66. About 676,047 shares traded. Cigna Corporation (NYSE:CI) has risen 13.35% since May 24, 2017 and is uptrending. It has outperformed by 1.80% the S&P500.

More news for Cigna Corporation (NYSE:CI) were recently published by: Fool.com, which released: “These Companies Gave Bonuses or Raises After Tax Reform” on May 24, 2018. Thestreet.com‘s article titled: “The Future of Healthcare Will Have You in Control for a Change: Cigna CEO” and published on May 01, 2018 is yet another important article.

Among 22 analysts covering CIGNA (NYSE:CI), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. CIGNA had 66 analyst reports since July 27, 2015 according to SRatingsIntel. As per Friday, November 3, the company rating was initiated by Credit Suisse. The rating was maintained by Jefferies on Friday, October 13 with “Buy”. The firm earned “Buy” rating on Monday, August 7 by Deutsche Bank. The stock of Cigna Corporation (NYSE:CI) earned “Buy” rating by RBC Capital Markets on Monday, September 11. The firm has “Buy” rating by UBS given on Monday, June 5. Piper Jaffray maintained Cigna Corporation (NYSE:CI) on Tuesday, October 31 with “Buy” rating. The rating was maintained by RBC Capital Markets on Thursday, June 22 with “Outperform”. The stock of Cigna Corporation (NYSE:CI) earned “Overweight” rating by Morgan Stanley on Friday, November 3. Evercore initiated Cigna Corporation (NYSE:CI) rating on Friday, September 23. Evercore has “Hold” rating and $134 target. The rating was maintained by Cowen & Co on Thursday, February 1 with “Buy”.

Since December 11, 2017, it had 0 buys, and 10 insider sales for $17.30 million activity. $44,382 worth of Cigna Corporation (NYSE:CI) was sold by HARRIS ISAIAH JR on Monday, December 11. ZOLLARS WILLIAM D had sold 229 shares worth $37,890. On Friday, March 2 the insider Jones Nicole S sold $1.12M. 36,769 shares were sold by Cordani David, worth $7.05M on Friday, March 2. On Friday, January 12 HENNEY JANE E MD sold $85,184 worth of Cigna Corporation (NYSE:CI) or 400 shares. ZARCONE DONNA F had sold 5,971 shares worth $1.29 million on Tuesday, January 16. Shares for $529,287 were sold by Hocevar Christopher J.

Artisan Partners Limited Partnership increased Northrop Grumman Corp (NYSE:NOC) stake by 28,631 shares to 32,853 valued at $10.08M in 2017Q4. It also upped Progressive Corp Ohio (NYSE:PGR) stake by 1.23 million shares and now owns 15.58M shares. Allergan Plc was raised too.

Analysts await Cigna Corporation (NYSE:CI) to report earnings on August, 3. They expect $3.56 EPS, up 22.34% or $0.65 from last year’s $2.91 per share. CI’s profit will be $865.92 million for 12.34 P/E if the $3.56 EPS becomes a reality. After $4.11 actual EPS reported by Cigna Corporation for the previous quarter, Wall Street now forecasts -13.38% negative EPS growth.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.05, from 0.96 in 2017Q3. It worsened, as 38 investors sold CI shares while 280 reduced holdings. 92 funds opened positions while 197 raised stakes. 208.24 million shares or 0.93% more from 206.32 million shares in 2017Q3 were reported. Minnesota-based Leuthold Gru Limited Com has invested 0.87% in Cigna Corporation (NYSE:CI). Finance Architects holds 398 shares or 0.01% of its portfolio. Guggenheim Capital Limited Liability Company owns 346,890 shares for 0.17% of their portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt holds 0.04% or 20,900 shares in its portfolio. Parkside Natl Bank & Tru invested in 0.01% or 125 shares. Raymond James Advisors Inc reported 21,299 shares stake. Systematic Limited Partnership has invested 0.04% in Cigna Corporation (NYSE:CI). Ci invested 0% in Cigna Corporation (NYSE:CI). Equitec Proprietary Ltd Limited Liability Company reported 1.05% of its portfolio in Cigna Corporation (NYSE:CI). Trexquant Invest Ltd Partnership reported 14,362 shares or 0.32% of all its holdings. Town Country State Bank Co Dba First Bankers Co holds 0.13% of its portfolio in Cigna Corporation (NYSE:CI) for 1,302 shares. 1,465 were accumulated by Reynders Mcveigh Cap Mgmt Lc. Amalgamated Bankshares holds 31,488 shares. Co Of Vermont stated it has 0.02% of its portfolio in Cigna Corporation (NYSE:CI). 10,012 are held by Ls Invest Advsrs Llc.

Since February 9, 2018, it had 0 insider buys, and 15 sales for $11.47 million activity. 6,020 shares were sold by MOONEY KEVIN W, worth $628,547 on Tuesday, February 27. $61,038 worth of Blackbaud, Inc. (NASDAQ:BLKB) was sold by ELLIS GEORGE H. Boruff Brian sold $907,632 worth of stock. 10,954 shares were sold by BOOR ANTHONY W, worth $1.03M. Another trade for 2,000 shares valued at $203,500 was sold by Nelson Joyce. 1,500 shares were sold by Olson Jon W, worth $154,830. On Monday, February 26 Leitch Andrew M sold $1.03 million worth of Blackbaud, Inc. (NASDAQ:BLKB) or 10,000 shares.

The stock decreased 0.15% or $0.15 during the last trading session, reaching $98.55. About 313,330 shares traded or 20.40% up from the average. Blackbaud, Inc. (NASDAQ:BLKB) has risen 34.35% since May 24, 2017 and is uptrending. It has outperformed by 22.80% the S&P500.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.29, from 1.35 in 2017Q3. It fall, as 14 investors sold Blackbaud, Inc. shares while 85 reduced holdings. 38 funds opened positions while 67 raised stakes. 49.80 million shares or 4.39% less from 52.08 million shares in 2017Q3 were reported. California Employees Retirement Sys holds 0.01% in Blackbaud, Inc. (NASDAQ:BLKB) or 79,925 shares. Sei Investments Com reported 316,278 shares or 0.1% of all its holdings. 2,793 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Virginia Retirement Et Al holds 0.01% in Blackbaud, Inc. (NASDAQ:BLKB) or 11,500 shares. Oppenheimer Asset Management, a New York-based fund reported 14,756 shares. Envestnet Asset Mgmt holds 0% or 19,081 shares. Vanguard reported 4.13 million shares. Connecticut-based Night Owl Capital Ltd has invested 3.7% in Blackbaud, Inc. (NASDAQ:BLKB). Regions has invested 0% in Blackbaud, Inc. (NASDAQ:BLKB). Eqis Mngmt reported 15,511 shares. Manufacturers Life The accumulated 114,092 shares. Texas Permanent School Fund invested in 32,507 shares. Gemmer Asset Mngmt Limited Com owns 0% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 80 shares. Veritable Lp invested in 0.01% or 7,106 shares. Neuberger Berman Grp Limited Com stated it has 698,132 shares.

Cigna Corporation (NYSE:CI) Institutional Positions Chart

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