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Pathstone Holdings LLC lowered its position in shares of Cognizant Technology Solutions Co. ( NASDAQ:CTSH – Free Report ) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 53,061 shares of the information technology service provider’s stock after selling 390 shares during the period. Pathstone Holdings LLC’s holdings in Cognizant Technology Solutions were worth $4,095,000 at the end of the most recent reporting period. Several other hedge funds also recently bought and sold shares of CTSH. Cibc World Market Inc. grew its stake in Cognizant Technology Solutions by 19,850.5% during the second quarter. Cibc World Market Inc. now owns 3,016,114 shares of the information technology service provider’s stock valued at $205,096,000 after acquiring an additional 3,000,996 shares in the last quarter. Pzena Investment Management LLC grew its stake in Cognizant Technology Solutions by 11.7% during the second quarter. Pzena Investment Management LLC now owns 18,609,898 shares of the information technology service provider’s stock valued at $1,265,473,000 after acquiring an additional 1,943,127 shares in the last quarter. Bank of Montreal Can grew its stake in Cognizant Technology Solutions by 152.8% during the second quarter. Bank of Montreal Can now owns 2,120,012 shares of the information technology service provider’s stock valued at $146,132,000 after acquiring an additional 1,281,236 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Cognizant Technology Solutions by 276.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,588,528 shares of the information technology service provider’s stock valued at $122,603,000 after acquiring an additional 1,167,033 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Cognizant Technology Solutions by 129.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,904,263 shares of the information technology service provider’s stock valued at $139,565,000 after acquiring an additional 1,073,666 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock. Cognizant Technology Solutions Trading Up 0.9 % NASDAQ:CTSH opened at $79.54 on Friday. The company has a fifty day moving average of $76.98 and a 200 day moving average of $73.28. Cognizant Technology Solutions Co. has a 52 week low of $63.79 and a 52 week high of $82.41. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $39.44 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.17 and a beta of 1.05. Cognizant Technology Solutions Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Tuesday, November 19th. Cognizant Technology Solutions’s payout ratio is currently 26.55%. Analysts Set New Price Targets Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Cognizant Technology Solutions from $82.00 to $89.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on shares of Cognizant Technology Solutions from $81.00 to $82.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. Daiwa America upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, August 27th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and a consensus target price of $79.47. View Our Latest Research Report on Cognizant Technology Solutions Cognizant Technology Solutions Profile ( Free Report ) Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. Read More Want to see what other hedge funds are holding CTSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cognizant Technology Solutions Co. ( NASDAQ:CTSH – Free Report ). Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter .In a year that has seen high-profile artists raising their voices against artificial intelligence exploiting works of art, reclusive British singer-songwriter Kate Bush is the latest to add her name to the list. As per The Guardian, the Wuthering Heights singer has called on UK ministers to protect artists from AI using their copyrighted works amid ongoing political uncertainty over how to handle the issue. Bush joins actors Julianne Moore, Kevin Bacon, Rosario Dawson, Stephen Fry and Hugh Bonneville in signing a petition, now backed by over 36,000 creatives, which states the "unlicensed use of creative works for training generative AI is a major, unjust threat to the livelihoods of the people behind those works, and must not be permitted". The latest movement against AI comes as the UK government is expected to launch a consultation into a new system which would allow copyright holders to opt out of having their work mined to train AI algorithms. However, creatives have opposed the approach on the grounds that it is too complicated to opt out from it. Instead, artists would prefer an opt-in arrangement that would allow them to be paid in exchange for algorithms being trained on their work. Bush's foray into the issue comes after Beatles legend Paul McCartney backed calls to stop mass copyright theft by generative AI companies, warning that the technology "could just take over", and that it "would be a very sad thing indeed". Meanwhile, Radiohead singer Thom Yorke and Björn Ulvaeus of Abba, have also signed the same petition as Bush. Speaking on behalf of potentially exploited artists, Ulvaeus has said, "I don't know if it's too late but certainly we have to fight for the writers of music so they can be remunerated in some form or other." COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our
In memoriam: Michel del Castillo, Child’s-Eye Chronicler of Concentration Camps, Dies at 91
Opposition Leader John Pesutto defamed ousted Liberal MP Moira Deeming, the Federal Court has found, in a high-stakes judgment that could cost him his job. Pesutto was ordered to pay Deeming $300,000 for the damage to her reputation in a damning judgment that found he had defamed her on five separate occasions. Independent MP Moira Deeming (centre) pictured arriving at court ahead of the judgment. Credit: AAPIMAGE Deeming alleged she had been “tarred with the Nazi brush” as part of Pesutto’s “campaign” to expel her from the parliamentary Liberal Party, her barrister Sue Chrysanthou, SC, had told the court. Deeming, who now sits on the crossbench of the Victorian Parliament, had helped organise the Let Women Speak rally on March 18, 2023. Neo-Nazis were among several groups of protesters that arrived at the steps of parliament that day. She condemned the men, said they were not there to support her cause, and told the court she did not see them until they were escorted away by police. Pesutto moved to expel Deeming from the parliamentary party in the following days. She was instead suspended in a last-minute compromise, but was ultimately expelled weeks later, after threatening to bring in lawyers. Handing down his decision on Thursday after hearing more than three weeks of evidence that damaged the party room and threatened stability, Justice David O’Callaghan agreed Pesutto had defamed Deeming. Rumblings to overthrow Pesutto in October did not amount to anything, but many in the party room had privately accepted that a loss for Pesutto would make his position as leader untenable. John Pesutto and Moira Deeming outside the Federal Court during the defamation trial. Credit: The Age Loading In a damning finding, O’Callaghan found Pesutto had defamed Deeming in a media release, one radio and one TV interview, at a press conference and in an expulsion motion and dossier. O’Callaghan said that while Pesutto had defended the case on the grounds of public interest, honest opinion and qualified privilege, all those failed and the defence of contextual truth did not arise. More to come Get alerts on significant breaking news as happens. Sign up for our Breaking News Alert . Save Log in , register or subscribe to save articles for later. License this article Defamation John Pesutto Moira Deeming Victorian Parliament Liberal Party Rachel Eddie is a Victorian state political reporter for The Age. Previously, she was a city reporter and has covered breaking news. Connect via Twitter or email . Most Viewed in Politics Loading
Robert Lewandowski scored his 100th Champions League goal as Barcelona beat Brest 3-0 to climb provisionally second in the Champions League group standings on Tuesday. The veteran striker slotted home from the spot in the 10th minute to fire the Catalans ahead and reach his milestone, adding a second late on after Dani Olmo’s goal to inflict the French side’s first defeat. After dropping points in their last two outings in La Liga, Coach Hansi Flick had urged his players to “eliminate” mistakes in their game and Barca produced a solid display. They got off the mark quickly when Brest goalkeeper Marco Bizot clumsily clattered into the back of Lewandowski after the forward controlled Pedri’s cross on his chest. The striker dusted himself down and dispatched the penalty clinically to open the scoring after 10 minutes and bring up his century. It made Lewandowski only the third player to reach that milestone in the competition, behind former Barcelona great Lionel Messi, on 129, and former Real Madrid star Cristiano Ronaldo, with 140. Under Flick, the forward’s form has improved significantly this season, reaching 22 goals in 19 appearances between La Liga and the Champions League. The 36-year-old has made 125 Champions League appearances with Barcelona and before that German sides Borussia Dortmund and Bayern Munich. “I am very happy, many years ago I did not think I could score more than 100 goals in the Champions League,” Lewandowski told Movistar. “For me the most important thing is that we try to win every game, if I can score, then that’s the perfect solution. “I don’t know how many games we have left before the end of the year but we have to win them all and rest over Christmas.” Barcelona were still without teenage star Lamine Yamal, recovering from an ankle problem, but Raphinha was busy on the right and the Catalans dominated proceedings. Related News Barcelona to extend Lewandowski deal, put Haaland, Gyökeres pursuits on hold La Liga: Leaders Barca suffer late collapse in Celta draw Barcelona reject Arsenal’s €90m Raphinha bid, demand €100m — Report They did not create many clear chances though until Fermin Lopez forced a fine save from Bizot with a diving header. The Dutch goalkeeper made amends for his earlier mistake by denying the Spaniard with his leg. – Olmo on target – Lopez again came close early in the second half when Lewandowski put him in with a neat flick but Bizot was alert to save his low effort. Playmaker Olmo had an effort scrambled off the line by Brendan Chardonnet as Barcelona sought to put the game to bed. The former RB Leipzig midfielder eventually grabbed the second in the 66th minute when he received Gerard Martin’s pass in the box, showing some nifty footwork to dodge Chardonnet and beat Bizot at the near post. Brest thumped RB Salzburg 4-0 and had dropped just two points from their first four matches despite sitting in mid-table in Ligue 1, but were brought down to earth at the Olympic Stadium. Mathias Pereira Lage drilled home to momentarily delight nearly 3,000 travelling supporters but their joy was curtailed when the linesman raised his flag for offside. Barca substitute Pablo Torre should have netted Barcelona’s third when he intercepted a pass with just the goalkeeper to beat, but fired wide. Instead the job fell to Lewandowski and he rolled home his 101st Champions League goal with aplomb, beyond Bizot’s outstretched arm. Brest fall a few places down the table but their strong start to the campaign means they are well placed to secure at least a play-off spot, while Barcelona are aiming to reach the last 16 directly. Flick’s side travel to last season’s runners-up Borussia Dortmund next, before visiting Benfica and hosting Atalanta. AFPNEW YORK , Nov. 24, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of PACS Group Inc. (NYSE: PACS): (i) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") in connection with the Company's April 11, 2024 initial public offering ("IPO"); and/or (ii) securities between April 11, 2024 and November 5, 2024 , both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025 . So what: If you purchased PACS common stock pursuant and/or traceable to the IPO and/or securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the PACS class action, go to https://rosenlegal.com/submit-form/?case_id=30617 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025 . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, the Registration Statement and defendants made false and/or misleading statements and/or failed to disclose that: (1) PACS engaged in a "scheme" to submit false Medicare claims which "drove more than 100% of PACS' operating and net income from 2020 – 2023"; (2) PACS engaged in a "scheme" to "bill thousands of unnecessary respiratory and sensory integration therapies to Medicare"; (3) PACS engaged in a scheme to falsify documentation related to licensure and staffing; and (4) as a result of the foregoing, defendants' positive statements about PACS' business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the PACS class action, go to https://rosenlegal.com/submit-form/?case_id=30617 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/pacs-investors-have-opportunity-to-lead-pacs-group-inc-securities-fraud-lawsuit-302314614.html SOURCE THE ROSEN LAW FIRM, P. A.E-bike Market size to increase by USD 16.48 Billion between 2023 to 2028, Market Segmentation by Battery Type, Propulsion, Geography , Technavio
16th Arab Conference on Peaceful Uses of Atomic Energy Kicks Off in JordanBy ADRIANA GOMEZ LICON, The Associated Press FORT LAUDERDALE, Fla. — Republican senators pushed back on Sunday against criticism from Democrats that Tulsi Gabbard, Donald Trump’s pick to lead U.S. intelligence services, is “compromised” by her comments supportive of Russia and secret meetings, as a congresswoman, with Syria’s president, a close ally of the Kremlin and Iran. Sen. Tammy Duckworth, D-Illinois, a veteran of combat missions in Iraq, said she had concerns about Tulsi Gabbard, Trump’s choice to be director of national intelligence. “I think she’s compromised,” Duckworth said on CNN’s “State of the Union,” citing Gabbard’s 2017 trip to Syria, where she held talks with Syrian President Bashar Assad. Gabbard was a Democratic House member from Hawaii at the time. “The U.S. intelligence community has identified her as having troubling relationships with America’s foes. And so my worry is that she couldn’t pass a background check,” Duckworth said. Gabbard, who said last month she is joining the Republican party, has served in the Army National Guard for more than two decades. She was deployed to Iraq and Kuwait and, according to the Hawaii National Guard, received a Combat Medical Badge in 2005 for “participation in combat operations under enemy hostile fire in support of Operation Iraqi Freedom III.” Duckworth’s comments drew immediate backlash from Republicans. “For her to say ridiculous and outright dangerous words like that is wrong,” Sen. Markwayne Mullin, R-Oklahoma, said on CNN, challenging Duckworth to retract her words. “That’s the most dangerous thing she could say — is that a United States lieutenant colonel in the United States Army is compromised and is an asset of Russia.” In recent days, other Democrats have accused Gabbard without evidence of being a “Russian asset.” Sen. Elizabeth Warren, a Massachusetts Democrat, has claimed, without offering details, that Gabbard is in Russian President Vladimir “Putin’s pocket.” Mullin and others say the criticism from Democrats is rooted in the fact that Gabbard left their party and has become a Trump ally. Democrats say they worry that Gabbard’s selection as national intelligence chief endangers ties with allies and gives Russia a win. Rep. Adam Schiff, a California Democrat just elected to the Senate, said he would not describe Gabbard as a Russian asset, but said she had “very questionable judgment.” “The problem is if our foreign allies don’t trust the head of our intelligence agencies, they’ll stop sharing information with us,” Schiff said on NBC’s “Meet the Press.” Gabbard in 2022 endorsed one of Russia’s justifications for invading Ukraine: the existence of dozens of U.S.-funded biolabs working on some of the world’s nastiest pathogens. The labs are part of an international effort to control outbreaks and stop bioweapons, but Moscow claimed Ukraine was using them to create deadly bioweapons. Gabbard said she just voiced concerns about protecting the labs. Sen. Eric Schmitt, R-Missouri, said he thought it was “totally ridiculous” that Gabbard was being cast as a Russian asset for having different political views. “It’s insulting. It’s a slur, quite frankly. There’s no evidence that she’s a asset of another country,” he said on NBC. Sen. James Lankford, another Oklahoma Republican, acknowledged having “lots of questions” for Gabbard as the Senate considers her nomination to lead the intelligence services. Lankford said on NBC that he wants to ask Gabbard about her meeting with Assad and some of her past comments about Russia. “We want to know what the purpose was and what the direction for that was. As a member of Congress, we want to get a chance to talk about past comments that she’s made and get them into full context,” Lankford said.IRVING, Texas, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") XELA XELAP), a global business process automation leader, will host a conference call with the financial community to discuss the Company's financial results for the third quarter 2024 at 4:30 p.m. ET on November 29, 2024. Hosting the call and reviewing the results will be Matt Brown, Interim Chief Financial Officer of the Company. The conference call will be broadcast live on Exela's Investor Relations website at https://investors.exelatech.com/ . Third Quarter 2024 Results Webcast and Call Access Information: Date: November 29, 2024 Time: 4:30 p.m. (ET) Webcast (listen-only) https://edge.media-server.com/mmc/p/q7pxv7i2 Call-in Numbers: 833-255-2831 (please dial-in 10 minutes prior to the start) International: +1-412-902-6724 Passcode: Exela Technologies Earnings Call Shortly after the conclusion of the call, a replay will be available through December 6, 2024 at 877-344-7529 or +1-412-317-0088 (international). The replay passcode is 8557685. To automatically receive Exela financial news by e-mail, please visit the Exela Investor Relations website, http://investors.exelatech.com/ , and subscribe to E-mail Alerts. For more Exela news, commentary, and industry perspectives, visit: Website: https://investors.exelatech.com/ X: @ExelaTech LinkedIn: exela-technologies Facebook: @exelatechnologies Instagram: @exelatechnologies The information posted on the Company's website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in the Company should monitor the Company's website and its social media accounts in addition to the Company's press releases, SEC filings and public conference calls and webcasts. About Exela Exela Technologies is a business process outsourcing and automation leader, leveraging a global footprint and proprietary technology to help turn the complex into the simple through user friendly software platforms and solutions that enable our customers' digital transformation. We have decades of expertise earned from serving more than 4,000 customers worldwide, including many of the world's largest enterprises and over 60% of the Fortune® 100, in many mission-critical environments across multiple industries, including banking, healthcare, insurance and manufacturing. Our technology-enabled solutions allow global organizations to address critical challenges resulting from the massive amounts of data obtained and created through their daily operations. Our solutions address the life cycle of transaction processing and enterprise information management, from enabling payment gateways and data exchanges across multiple systems, to matching inputs against contracts and handling exceptions, to ultimately depositing payments and distributing communications. Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 12,600 employees operating in 20 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner. Investor and/or Media Contacts: ir@exelatech.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.