In a bold move echoing the growing call for social responsibility, Gateway Investment Advisers LLC has significantly reduced its investment in Cognizant Technology Solutions Co. by 40.4% during the last quarter. This decision, as reported in its latest SEC filings, signals a potent reminder of the crucial role investors play in advocating for ethical business practices. Amid increasing scrutiny over the tech industry's policies on labor, privacy, and environmental impacts, such financial shifts underscore the urgent need for companies like Cognizant to align more closely with progressive, sustainable values.
Gateway Investment Advisers Pulls Back on Tech, Highlighting the Need for Corporate Accountability
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Jan-21
Technology
Score: 0.50
Gateway Investment Advisers LLC lowered its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH – Free Report) by 40.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institu…
From ETF Daily News
Jan-21
Technology
Right Variant
Score: 0.80
In a concerning trend for shareholder freedom and the principles of the free market, Gateway Investment Advisers LLC has opted to slash its investment in Cognizant Technology Solutions Co. by 40.4%, as per recent SEC filings. This significant reduction during the fourth quarter may reflect broader issues within the technology sector or specific concerns with Cognizant's performance. However, it also raises questions about the influence of politicized investment strategies over sound, profit-driven decision-making. Such movements away from merit-based investment could spell troubling times ahead for the unimpeded operation of the free market.
From ETF Daily News