As Financial Institutions (FISI) Shares Declined, Canandaigua National Bank & Trust Company Cut Stake; Tech Data (TECD) Holder Shayne & Co Upped Position by $482,381

May 18, 2018 - By reb123z

Tech Data Corporation (NASDAQ:TECD) Logo

Canandaigua National Bank & Trust Company decreased its stake in Financial Institutions Inc (FISI) by 3.32% based on its latest 2017Q4 regulatory filing with the SEC. Canandaigua National Bank & Trust Company sold 15,877 shares as the company’s stock declined 7.43% with the market. The institutional investor held 462,306 shares of the finance company at the end of 2017Q4, valued at $14.38M, down from 478,183 at the end of the previous reported quarter. Canandaigua National Bank & Trust Company who had been investing in Financial Institutions Inc for a number of months, seems to be less bullish one the $511.29 million market cap company. The stock increased 0.94% or $0.3 during the last trading session, reaching $32.15. About 19,613 shares traded. Financial Institutions, Inc. (NASDAQ:FISI) has declined 5.83% since May 18, 2017 and is downtrending. It has underperformed by 17.38% the S&P500.

Shayne & Co increased its stake in Tech Data Corp (TECD) by 4.64% based on its latest 2017Q4 regulatory filing with the SEC. Shayne & Co bought 4,973 shares as the company’s stock declined 16.37% with the market. The institutional investor held 112,097 shares of the computer software & peripheral equipment company at the end of 2017Q4, valued at $10.98 million, up from 107,124 at the end of the previous reported quarter. Shayne & Co who had been investing in Tech Data Corp for a number of months, seems to be bullish on the $3.15B market cap company. The stock increased 0.72% or $0.59 during the last trading session, reaching $82.33. About 266,100 shares traded. Tech Data Corporation (NASDAQ:TECD) has declined 9.32% since May 18, 2017 and is downtrending. It has underperformed by 20.87% the S&P500.

Investors sentiment decreased to 1.58 in Q4 2017. Its down 0.24, from 1.82 in 2017Q3. It worsened, as 9 investors sold FISI shares while 31 reduced holdings. 13 funds opened positions while 50 raised stakes. 10.32 million shares or 3.67% less from 10.72 million shares in 2017Q3 were reported. Bridgeway Cap has invested 0.03% in Financial Institutions, Inc. (NASDAQ:FISI). Citadel Advisors Lc accumulated 0% or 34,243 shares. Banc Funds Communication Lc has invested 0.33% in Financial Institutions, Inc. (NASDAQ:FISI). Fmr Ltd accumulated 153,500 shares. 22,600 were reported by Swiss Financial Bank. National Bank & Trust Of New York Mellon reported 0% of its portfolio in Financial Institutions, Inc. (NASDAQ:FISI). Northern reported 285,732 shares. Deutsche Comml Bank Ag holds 0% or 154,106 shares. 23,549 were reported by Federated Investors Pa. Manufacturers Life Com The has invested 0% in Financial Institutions, Inc. (NASDAQ:FISI). Martingale Asset Mngmt Limited Partnership holds 0.03% of its portfolio in Financial Institutions, Inc. (NASDAQ:FISI) for 74,429 shares. Moreover, Victory Cap has 0% invested in Financial Institutions, Inc. (NASDAQ:FISI) for 61,762 shares. The Ontario – Canada-based Mackenzie Corporation has invested 0% in Financial Institutions, Inc. (NASDAQ:FISI). Systematic Lp holds 37,925 shares. The Illinois-based Hightower Advsr has invested 0% in Financial Institutions, Inc. (NASDAQ:FISI).

Analysts await Financial Institutions, Inc. (NASDAQ:FISI) to report earnings on July, 24. They expect $0.57 earnings per share, up 42.50% or $0.17 from last year’s $0.4 per share. FISI’s profit will be $9.06M for 14.10 P/E if the $0.57 EPS becomes a reality. After $0.56 actual earnings per share reported by Financial Institutions, Inc. for the previous quarter, Wall Street now forecasts 1.79% EPS growth.

Among 3 analysts covering Financial Institutions (NASDAQ:FISI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Financial Institutions had 7 analyst reports since September 16, 2015 according to SRatingsIntel. Hovde Group maintained Financial Institutions, Inc. (NASDAQ:FISI) on Friday, February 2 with “Buy” rating. The stock of Financial Institutions, Inc. (NASDAQ:FISI) earned “Overweight” rating by Piper Jaffray on Wednesday, September 16. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, September 22. The stock of Financial Institutions, Inc. (NASDAQ:FISI) earned “Hold” rating by Piper Jaffray on Thursday, July 13. The stock of Financial Institutions, Inc. (NASDAQ:FISI) has “Hold” rating given on Tuesday, October 3 by Piper Jaffray. The firm earned “Hold” rating on Tuesday, May 30 by Keefe Bruyette & Woods.

Canandaigua National Bank & Trust Company, which manages about $554.11 million US Long portfolio, upped its stake in Vanguard Small Cap Value (VBR) by 3,260 shares to 20,947 shares, valued at $2.78 million in 2017Q4, according to the filing. It also increased its holding in Ishares Msci Eafe Index Fund (EFA) by 9,765 shares in the quarter, for a total of 214,525 shares, and has risen its stake in Intel Corp. (NASDAQ:INTC).

More notable recent Financial Institutions, Inc. (NASDAQ:FISI) news were published by: Globenewswire.com which released: “Financial Institutions, Inc. Announces Retirement of CFO Kevin B. Klotzbach” on April 30, 2018, also Seekingalpha.com with their article: “Financial Institutions’ (FISI) CEO Marty Birmingham on Q1 2018 Results – Earnings Call Transcript” published on April 27, 2018, Globenewswire.com published: “Financial Institutions, Inc. Announces Agreement to Acquire HNP Capital, LLC, a Leading Rochester Wealth …” on May 08, 2018. More interesting news about Financial Institutions, Inc. (NASDAQ:FISI) were released by: Globenewswire.com and their article: “Financial Institutions, Inc. Announces First Quarter 2018 Results” published on April 26, 2018 as well as Bizjournals.com‘s news article titled: “Five Star Bank CFO to retire next March” with publication date: May 01, 2018.

Since December 13, 2017, it had 2 insider purchases, and 0 selling transactions for $80,529 activity. Glaser Robert M bought $32,340 worth of Financial Institutions, Inc. (NASDAQ:FISI) on Wednesday, December 13.

Investors sentiment increased to 1.39 in Q4 2017. Its up 0.22, from 1.17 in 2017Q3. It is positive, as 25 investors sold TECD shares while 78 reduced holdings. 45 funds opened positions while 98 raised stakes. 35.11 million shares or 3.31% less from 36.31 million shares in 2017Q3 were reported. Dimensional Fund Advsr Limited Partnership has invested 0.12% in Tech Data Corporation (NASDAQ:TECD). Invesco Limited invested in 255,485 shares. Carlson Lp, a Texas-based fund reported 135,554 shares. Manufacturers Life Ins Commerce The stated it has 0.01% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Shell Asset Mngmt invested in 0.02% or 10,523 shares. Texas Permanent School Fund holds 23,467 shares. Alliancebernstein Lp holds 0.01% of its portfolio in Tech Data Corporation (NASDAQ:TECD) for 101,365 shares. Shelton Capital Mngmt accumulated 2,618 shares. Pacad Investment Limited stated it has 0.02% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Us Bankshares De invested in 0% or 487 shares. Amer Century Cos reported 0.03% stake. Guggenheim Cap Ltd Liability invested in 109,711 shares. Gsa Cap Ltd Liability Partnership reported 15,106 shares. Mutual Of America Management invested in 29,617 shares. Art Advisors Limited Liability Corporation invested in 0.11% or 26,513 shares.

Tech Data Corporation (NASDAQ:TECD) Institutional Positions Chart

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