As Pinnacle Financial Partners (PNFP) Shares Declined, Holder Berkshire Asset Management Trimmed Its Holding by $548,856; Fidelity Natl Information Sv (Call) (FIS) Shareholder Incline Global Management Has Raised Holding

April 17, 2018 - By mmahotstuff

Fidelity National Information Services, Inc. (NYSE:FIS) Logo

Jeff Lignelli increased its stake in Fidelity Natl Information Sv (Call) (FIS) by 24.96% based on its latest 2017Q4 regulatory filing with the SEC. Incline Global Management Llc bought 102,253 shares as the company’s stock rose 0.38% while stock markets declined. The hedge fund run by Jeff Lignelli held 512,000 shares of the miscellaneous company at the end of 2017Q4, valued at $48.17 million, up from 409,747 at the end of the previous reported quarter. Incline Global Management Llc who had been investing in Fidelity Natl Information Sv (Call) for a number of months, seems to be bullish on the $32.30 billion market cap company. The stock increased 0.25% or $0.24 during the last trading session, reaching $97.53. About 537,659 shares traded. Fidelity National Information Services, Inc. (NYSE:FIS) has risen 17.75% since April 17, 2017 and is uptrending. It has outperformed by 6.20% the S&P500.

Berkshire Asset Management Llc decreased its stake in Pinnacle Financial Partners (PNFP) by 58.82% based on its latest 2017Q4 regulatory filing with the SEC. Berkshire Asset Management Llc sold 8,316 shares as the company’s stock declined 8.68% with the market. The hedge fund held 5,821 shares of the finance company at the end of 2017Q4, valued at $386,000, down from 14,137 at the end of the previous reported quarter. Berkshire Asset Management Llc who had been investing in Pinnacle Financial Partners for a number of months, seems to be less bullish one the $4.94 billion market cap company. The stock decreased 0.12% or $0.075 during the last trading session, reaching $63.875. About 729,581 shares traded or 23.22% up from the average. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has declined 0.40% since April 17, 2017 and is downtrending. It has underperformed by 11.95% the S&P500.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.51, from 1.47 in 2017Q3. It dropped, as 25 investors sold PNFP shares while 91 reduced holdings. 39 funds opened positions while 72 raised stakes. 58.45 million shares or 5.89% more from 55.20 million shares in 2017Q3 were reported. Moreover, Argent has 0.08% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 3,216 shares. Moreover, Cortina Asset Management Ltd Liability Corp has 0.56% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 193,213 shares. Envestnet Asset Mngmt Inc invested in 0% or 13,218 shares. Shine Inv Advisory Services invested in 0% or 101 shares. Carroll Assocs stated it has 0.05% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Bragg Financial Advsr holds 0.07% or 7,188 shares in its portfolio. 5,300 are held by State Of Alaska Department Of Revenue. Rhumbline Advisers owns 146,427 shares. Vaughan Nelson Investment Management Limited Partnership holds 997,052 shares. 5,633 were accumulated by Fdx Advsr. Tocqueville Asset Mngmt LP holds 0.06% or 75,390 shares in its portfolio. Westfield Cap Management Company LP holds 0.19% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 378,515 shares. Texas Permanent School Fund owns 49,863 shares or 0.04% of their US portfolio. Moreover, Summit Asset Management Llc has 0.27% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Kansas-based Waddell And Reed Fincl has invested 0.03% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP).

Berkshire Asset Management Llc, which manages about $867.20 million and $1.03B US Long portfolio, upped its stake in Nucor (NYSE:NUE) by 25,033 shares to 255,441 shares, valued at $16.24M in 2017Q4, according to the filing. It also increased its holding in Coca Cola (NYSE:KO) by 20,083 shares in the quarter, for a total of 429,793 shares, and has risen its stake in Boeing (NYSE:BA).

Since October 20, 2017, it had 0 insider buys, and 18 sales for $18.79 million activity. The insider BURNS GREGORY L sold $200,333. Samuel Ronald L sold $190,410 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Tuesday, January 30. QUEENER HUGH M also sold $1.43M worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Tuesday, March 6. Sloan Thomas R had sold 15,000 shares worth $989,600 on Friday, December 15. Another trade for 2,162 shares valued at $139,900 was made by Brock Charles E on Friday, February 16. 33,065 Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) shares with value of $2.24M were sold by TURNER M TERRY.

Among 15 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 10 have Buy rating, 1 Sell and 4 Hold. Therefore 67% are positive. Pinnacle Financial Partners had 41 analyst reports since July 23, 2015 according to SRatingsIntel. On Monday, August 24 the stock rating was initiated by Piper Jaffray with “Neutral”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. Bruyette & Woods” downgraded Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Thursday, July 23 to “Mkt Perform” rating. The firm earned “Buy” rating on Thursday, January 18 by Piper Jaffray. Stephens downgraded Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Wednesday, January 18 to “Equal-Weight” rating. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has “Buy” rating given on Wednesday, November 8 by Hilliard Lyons. SunTrust maintained the stock with “Buy” rating in Monday, January 8 report. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has “Hold” rating given on Thursday, July 13 by Keefe Bruyette & Woods. Piper Jaffray maintained Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) rating on Wednesday, October 18. Piper Jaffray has “Buy” rating and $74.0 target. The firm has “Market Perform” rating by Hovde Group given on Monday, January 25.

Since December 15, 2017, it had 0 insider buys, and 7 selling transactions for $87.77 million activity. JAMES STEPHAN A sold $341,545 worth of stock or 3,600 shares. Woodall James W. sold $8.76 million worth of stock or 87,194 shares. Shares for $1.61M were sold by HUNT DAVID K on Friday, December 15.

Among 24 analysts covering Fidelity National Information Services (NYSE:FIS), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Fidelity National Information Services had 66 analyst reports since August 7, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Outperform” rating in Friday, August 7 report. The firm has “Buy” rating by Stephens given on Monday, February 5. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) earned “Buy” rating by Compass Point on Friday, April 15. The firm has “Neutral” rating given on Tuesday, March 28 by Goldman Sachs. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) has “Buy” rating given on Tuesday, October 31 by KeyBanc Capital Markets. RBC Capital Markets maintained the shares of FIS in report on Thursday, November 9 with “Buy” rating. As per Wednesday, October 11, the company rating was maintained by Jefferies. Wedbush initiated the stock with “Outperform” rating in Friday, September 9 report. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) has “Buy” rating given on Friday, October 6 by RBC Capital Markets. The rating was maintained by Robert W. Baird with “Outperform” on Wednesday, January 24.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Institutional Positions Chart

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