Lapides Asset Management Has Decreased Verifone Systems (PAY) Stake by $667,500; Stock Rose; Quantbot Technologies LP Has Increased Its Centene (CNC) Position by $2.02 Million; Market Value Rose

Centene Corporation (NYSE:CNC) Logo

Quantbot Technologies Lp increased its stake in Centene Corp (CNC) by 25421.33% based on its latest 2018Q1 regulatory filing with the SEC. Quantbot Technologies Lp bought 19,066 shares as the company’s stock rose 15.33% while stock markets declined. The hedge fund held 19,141 shares of the medical specialities company at the end of 2018Q1, valued at $2.05M, up from 75 at the end of the previous reported quarter. Quantbot Technologies Lp who had been investing in Centene Corp for a number of months, seems to be bullish on the $25.40 billion market cap company. The stock increased 1.37% or $1.67 during the last trading session, reaching $123.78. About 1.31 million shares traded. Centene Corporation (NYSE:CNC) has risen 57.37% since June 29, 2017 and is uptrending. It has outperformed by 44.80% the S&P500. Some Historical CNC News: 24/04/2018 – CENTENE CORP CNC.N FY2018 SHR VIEW $7.14, REV VIEW $59.94 BLN — THOMSON REUTERS l/B/E/S; 30/04/2018 – Centene To Sell $2.6B in Shrs of Common Stk; 02/04/2018 – CENTENE CORP – UPON CLOSING OF FIDELIS CARE DEAL, FIDELIS CARE WILL OPERATE AS A FOR-PROFIT HEALTH INSURER IN NEW YORK; 24/04/2018 – Centene Raises 2018 View To EPS $5.91-EPS $6.25; 09/05/2018 – MOODY’S RATES CENTENE ESCROW l CORPORATION SENIOR NOTES BA1; OUTLOOK STABLE; 13/03/2018 – RPT-CENTENE SAYS MADE INITIAL INVESTMENT IN RXADVANCE, A FULL-SERVICE PHARMACY BENEFIT MANAGER; 08/03/2018 Centene Subsidiaries Awarded Contract In Arizona; 14/05/2018 – The Shuman Law Firm Investigates Centene Corp; 02/04/2018 – CENTENE SEES CONTRIBUTING $340M TO NY STATE OVER 5-YR PERIOD; 02/04/2018 – CENTENE – AS PART OF REGULATORY APPROVAL PROCESS FOR FIDELIS CARE DEAL, IT IS EXPECTED THAT CO WILL ENTER UNDERTAKINGS WITH NY STATE DEPT. OF HEALTH

Lapides Asset Management Llc decreased its stake in Verifone Systems Inc (PAY) by 3.99% based on its latest 2018Q1 regulatory filing with the SEC. Lapides Asset Management Llc sold 44,500 shares as the company’s stock rose 34.61% while stock markets declined. The institutional investor held 1.07M shares of the miscellaneous company at the end of 2018Q1, valued at $16.49 million, down from 1.12M at the end of the previous reported quarter. Lapides Asset Management Llc who had been investing in Verifone Systems Inc for a number of months, seems to be less bullish one the $2.53B market cap company. The stock increased 0.09% or $0.02 during the last trading session, reaching $22.82. About 1.87 million shares traded. VeriFone Systems, Inc. (NYSE:PAY) has risen 26.90% since June 29, 2017 and is uptrending. It has outperformed by 14.33% the S&P500. Some Historical PAY News: 09/04/2018 – FRANCISCO PARTNERS GROUP TO BUY VERIFONE FOR $3.4B INCL. DEBT; 25/05/2018 – VERIFONE SYSTEMS – DEAL IS EXPECTED TO CLOSE DURING THIRD CALENDAR QUARTER OF 2018; 08/03/2018 – Verifone 1Q Adj EPS 23c; 08/03/2018 – VERIFONE CEO: MPOS WILL ROLL OUT TO ALL MARKETS IN 12-18 MONTHS; 09/04/2018 – VERIFONE CLIMBS 49% POST-MKT; TO BE ACQUIRED FOR $3.4B W/ DEBT; 08/03/2018 – VERIFONE CEO: TO LAUNCH APP MARKETPLACE IN SECOND HALF OF 2018; 06/03/2018 – Verifone Announces Paysafe as First to Deliver Verifone Connect with Both Carbon and Engage to QSRs and Small and Medium Retailers in the U.S; 08/03/2018 – VERIFONE SYSTEMS INC PAY.N SEES FY 2018 REVENUE ABOUT $1.787 BLN TO $1.812 BLN; 10/04/2018 – S&P PLACED VERIFONE INC. ON CREDIT WATCH ‘NEGATIVE’ FROM ‘STABLE’; RATING ‘BB’; 09/04/2018 – Verifone to Be Acquired by Francisco Partners for $3.4B, Including Debt

Quantbot Technologies Lp, which manages about $581.51 million and $1.16B US Long portfolio, decreased its stake in Worthington Industries (NYSE:WOR) by 8,405 shares to 6,710 shares, valued at $287,000 in 2018Q1, according to the filing. It also reduced its holding in Fortune Brands Home Securi (NYSE:FBHS) by 11,698 shares in the quarter, leaving it with 44,004 shares, and cut its stake in Alexander Baldwin Inc (NYSE:ALEX).

Another recent and important Centene Corporation (NYSE:CNC) news was published by Streetinsider.com which published an article titled: “Centene (CNC) Kansas Subsidiary Wins Medicaid Contract” on June 22, 2018.

Since January 8, 2018, it had 0 insider purchases, and 9 selling transactions for $30.83 million activity. 4,800 shares were sold by BOWERS CHRISTOPHER D, worth $490,896 on Monday, March 12. BROOKS MARK J also sold $425,955 worth of Centene Corporation (NYSE:CNC) on Monday, March 12. Hunter Jesse N had sold 5,000 shares worth $541,700. Williamson Keith H sold $115,000 worth of stock or 1,000 shares. The insider NEIDORFF MICHAEL F sold $27.05 million.

Investors sentiment decreased to 1.06 in Q1 2018. Its down 0.13, from 1.19 in 2017Q4. It turned negative, as 41 investors sold CNC shares while 192 reduced holdings. 68 funds opened positions while 178 raised stakes. 149.01 million shares or 1.27% less from 150.93 million shares in 2017Q4 were reported. Motco holds 0% or 12 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt reported 0.02% of its portfolio in Centene Corporation (NYSE:CNC). Morgan Stanley invested in 0.02% or 622,776 shares. Exxonmobil Tx accumulated 26,560 shares. Citadel Limited Liability Corporation, Illinois-based fund reported 99,336 shares. Benjamin F Edwards And holds 0.01% or 800 shares. Pub Employees Retirement Of Ohio invested in 87,093 shares. Aviva Public Limited Co owns 86,365 shares. Glenmede Tru Com Na reported 0.13% of its portfolio in Centene Corporation (NYSE:CNC). Gideon invested in 2,190 shares. Kingdon Capital Limited Co reported 1.08% stake. Quantbot Tech Ltd Partnership holds 0.18% of its portfolio in Centene Corporation (NYSE:CNC) for 19,141 shares. State Of Alaska Department Of Revenue owns 0.09% invested in Centene Corporation (NYSE:CNC) for 38,367 shares. Savant Ltd accumulated 0.09% or 3,820 shares. Signaturefd Lc has invested 0.01% in Centene Corporation (NYSE:CNC).

Among 20 analysts covering Centene Corporation (NYSE:CNC), 16 have Buy rating, 1 Sell and 3 Hold. Therefore 80% are positive. Centene Corporation had 66 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Centene Corporation (NYSE:CNC) has “Buy” rating given on Friday, October 2 by Citigroup. The rating was initiated by Bernstein on Thursday, June 16 with “Market Perform”. The firm has “Neutral” rating given on Wednesday, February 7 by Credit Suisse. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, July 26. Citigroup downgraded the stock to “Neutral” rating in Thursday, March 23 report. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, May 26 report. The rating was initiated by JP Morgan on Wednesday, December 21 with “Overweight”. The rating was maintained by Jefferies on Wednesday, July 27 with “Buy”. Citigroup maintained the shares of CNC in report on Wednesday, July 26 with “Sell” rating. As per Friday, October 13, the company rating was maintained by Jefferies.

More news for VeriFone Systems, Inc. (NYSE:PAY) were recently published by: Seekingalpha.com, which released: “Stocks To Watch: Eyes On Apple’s WWDC, SCOTUS And DC” on June 02, 2018. Prnewswire.com‘s article titled: “Rising Popularity of Mobile Point-of-Sale Devices Skyrockets in a Growing Billion Dollar Industry” and published on June 26, 2018 is yet another important article.

Lapides Asset Management Llc, which manages about $912.08 million and $455.80 million US Long portfolio, upped its stake in Verint Systems Inc (NASDAQ:VRNT) by 25,800 shares to 562,400 shares, valued at $23.96M in 2018Q1, according to the filing. It also increased its holding in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 144,700 shares in the quarter, for a total of 1.76M shares, and has risen its stake in Ncr Corp (NYSE:NCR).

Centene Corporation (NYSE:CNC) Institutional Positions Chart