Orrstown Financial Services Boosted Its Stake in Sysco (SYY) by $868,150 as Share Price Rose; Intercontinental Exchange In (ICE) Holding Lifted by Proffitt & Goodson Inc

November 15, 2017 - By Winifred Garcia

Proffitt & Goodson Inc increased its stake in Intercontinental Exchange In (ICE) by 154.29% based on its latest 2017Q2 regulatory filing with the SEC. Proffitt & Goodson Inc bought 10,870 shares as the company’s stock rose 1.58% with the market. The institutional investor held 17,915 shares of the investment bankers and brokers and service company at the end of 2017Q2, valued at $1.18M, up from 7,045 at the end of the previous reported quarter. Proffitt & Goodson Inc who had been investing in Intercontinental Exchange In for a number of months, seems to be bullish on the $39.37 billion market cap company. It closed at $67.3 lastly. It is down 13.80% since November 15, 2016 and is uptrending. It has underperformed by 2.90% the S&P500.

Orrstown Financial Services Inc increased its stake in Sysco Corp (SYY) by 3493.56% based on its latest 2017Q2 regulatory filing with the SEC. Orrstown Financial Services Inc bought 17,363 shares as the company’s stock rose 4.26% with the market. The institutional investor held 17,860 shares of the food distributors company at the end of 2017Q2, valued at $899,000, up from 497 at the end of the previous reported quarter. Orrstown Financial Services Inc who had been investing in Sysco Corp for a number of months, seems to be bullish on the $28.62B market cap company. It closed at $54.93 lastly. It is down 11.23% since November 15, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.




Proffitt & Goodson Inc, which manages about $273.50M and $223.91 million US Long portfolio, decreased its stake in Intel Corp (NASDAQ:INTC) by 15,615 shares to 37,463 shares, valued at $1.26M in 2017Q2, according to the filing. It also reduced its holding in Select Sector Spdr Tr (XLF) by 67,282 shares in the quarter, leaving it with 88,808 shares, and cut its stake in Anthem Inc (NYSE:ANTM).

Investors sentiment decreased to 1.07 in Q2 2017. Its down 0.01, from 1.08 in 2017Q1. It worsened, as 34 investors sold ICE shares while 225 reduced holdings. 70 funds opened positions while 206 raised stakes. 505.99 million shares or 0.95% less from 510.84 million shares in 2017Q1 were reported. Winslow Capital Mgmt Lc, a Minnesota-based fund reported 3.75 million shares. Rainier Inv Limited Liability Corp reported 42,930 shares stake. Pub Employees Retirement Of Ohio holds 0.19% or 532,970 shares. Comerica Bankshares owns 244,056 shares or 0.12% of their US portfolio. Capital Intl Ca holds 1.52% or 348,477 shares in its portfolio. Norinchukin National Bank & Trust The accumulated 23,381 shares or 0.03% of the stock. Sumitomo Life owns 19,420 shares or 0.17% of their US portfolio. Bbva Compass National Bank & Trust holds 56,806 shares. Benjamin F Edwards Inc stated it has 1,500 shares. Tiverton Asset Mgmt Ltd Limited Liability Company holds 206,405 shares. Churchill Management holds 46,212 shares. Thomas White Interest Ltd holds 15,405 shares. Lone Pine Capital Lc owns 6.36M shares or 2.13% of their US portfolio. 12,393 were accumulated by Rothschild Asset Inc. Bluemar Capital Mngmt Ltd Llc has 50,267 shares for 1.91% of their portfolio.

Among 15 analysts covering Intercontinental Exchange (NYSE:ICE), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Intercontinental Exchange had 58 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Buy” on Friday, January 8. RBC Capital Markets maintained the shares of ICE in report on Tuesday, May 10 with “Sector Perform” rating. The firm earned “Buy” rating on Friday, May 20 by Sterne Agee CRT. On Thursday, November 2 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Hold” rating by Argus Research given on Monday, November 2. The company was maintained on Friday, April 8 by Wood. The stock of Intercontinental Exchange Inc (NYSE:ICE) earned “Overweight” rating by Barclays Capital on Friday, September 8. The firm earned “Buy” rating on Tuesday, January 5 by Goldman Sachs. The stock of Intercontinental Exchange Inc (NYSE:ICE) has “Buy” rating given on Friday, March 24 by Wood. The rating was maintained by Standpoint Research on Sunday, August 9 with “Hold”.

More recent Intercontinental Exchange Inc (NYSE:ICE) news were published by: Fool.com which released: “Intercontinental Exchange results: The raw numbers” on November 02, 2017. Also Businesswire.com published the news titled: “Intercontinental Exchange Announces Agreement to Acquire Virtu BondPoint” on October 24, 2017. Nasdaq.com‘s news article titled: “Intercontinental Exchange (ICE) Q3 Earnings Beat Estimates” with publication date: November 02, 2017 was also an interesting one.

More important recent SYSCO Corporation (NYSE:SYY) news were published by: Seekingalpha.com which released: “A Look Into Sysco’s Valuation” on November 09, 2017, also Seekingalpha.com published article titled: “Sysco: Financial Think Piece”, Twst.com published: “Sysco Corporation: Sysco Completes Acquisition of Mayca Distribuidores of …” on November 06, 2017. More interesting news about SYSCO Corporation (NYSE:SYY) was released by: Streetinsider.com and their article: “Sysco Corp. (SYY) to Acquire HFM FoodService” with publication date: October 17, 2017.

Orrstown Financial Services Inc, which manages about $91.39 million US Long portfolio, decreased its stake in Vanguard Sm Cap Val Viper (VBR) by 11,134 shares to 12,139 shares, valued at $1.49 million in 2017Q2, according to the filing. It also reduced its holding in Unilever Plc Spon Adr New (NYSE:UL) by 5,978 shares in the quarter, leaving it with 18,246 shares, and cut its stake in Apple Inc Com (NASDAQ:AAPL).

Investors sentiment increased to 0.87 in 2017 Q2. Its up 0.08, from 0.79 in 2017Q1. It improved, as 44 investors sold SYY shares while 351 reduced holdings. 84 funds opened positions while 258 raised stakes. 414.66 million shares or 0.17% more from 413.94 million shares in 2017Q1 were reported. Public Employees Retirement Sys Of Ohio invested in 363,083 shares. California-based Ashfield Capital Partners Limited Company has invested 0.21% in SYSCO Corporation (NYSE:SYY). Northern invested 0.09% in SYSCO Corporation (NYSE:SYY). Badgley Phelps Bell Incorporated invested 0.06% of its portfolio in SYSCO Corporation (NYSE:SYY). Sequent Asset Ltd Com has invested 0.58% in SYSCO Corporation (NYSE:SYY). Sumitomo Mitsui Tru reported 0.12% of its portfolio in SYSCO Corporation (NYSE:SYY). Balyasny Asset Mgmt Ltd Liability Corp holds 47,344 shares. Fulton Bancorporation Na has 4,077 shares for 0.02% of their portfolio. Wade G W reported 0.15% of its portfolio in SYSCO Corporation (NYSE:SYY). Sg Americas Limited Com has 0.05% invested in SYSCO Corporation (NYSE:SYY). Hyman Charles D owns 18,395 shares for 0.12% of their portfolio. Peregrine Asset Advisers reported 0.25% stake. Palisade Asset Mngmt Limited has invested 1.61% in SYSCO Corporation (NYSE:SYY). Lynch And Associates In reported 1.14% of its portfolio in SYSCO Corporation (NYSE:SYY). First Interstate Bankshares holds 4,975 shares or 0.05% of its portfolio.

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Sysco Corporation had 47 analyst reports since August 6, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Buy” rating and $6000 target in Tuesday, June 27 report. The stock of SYSCO Corporation (NYSE:SYY) earned “Neutral” rating by Clevland Research on Friday, March 11. Deutsche Bank initiated SYSCO Corporation (NYSE:SYY) on Monday, July 18 with “Hold” rating. The firm earned “Outperform” rating on Monday, February 6 by Credit Suisse. The firm has “Hold” rating by RBC Capital Markets given on Friday, August 11. The company was maintained on Friday, August 11 by Pivotal Research. As per Friday, December 9, the company rating was upgraded by Goldman Sachs. The rating was initiated by RBC Capital Markets with “Sector Perform” on Wednesday, January 25. Wells Fargo maintained the stock with “Buy” rating in Monday, August 14 report. The stock of SYSCO Corporation (NYSE:SYY) has “Overweight” rating given on Friday, June 23 by J P Morgan Chase Co.

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