Highland Capital Management Has Increased Intercontinental Exchange Grou (ICE) Position by $819,056; Factory Mutual Insurance Company Upped Its Holding in Cognizant Technology Solutio (CTSH) by $10.19 Million as Stock Price Rose

August 31, 2017 - By Louis Casey

Highland Capital Management Llc increased its stake in Intercontinental Exchange Grou (ICE) by 284.61% based on its latest 2016Q4 regulatory filing with the SEC. Highland Capital Management Llc bought 14,626 shares as the company’s stock rose 1.58% with the market. The institutional investor held 19,765 shares of the investment bankers and brokers and service company at the end of 2016Q4, valued at $1.12 million, up from 5,139 at the end of the previous reported quarter. Highland Capital Management Llc who had been investing in Intercontinental Exchange Grou for a number of months, seems to be bullish on the $38.06 billion market cap company. The stock rose 0.25% or $0.16 reaching $64.83 per share. About 1.75M shares traded. Intercontinental Exchange Inc (NYSE:ICE) has risen 13.80% since August 31, 2016 and is uptrending. It has underperformed by 2.90% the S&P500.

Factory Mutual Insurance Company increased its stake in Cognizant Technology Solutio (CTSH) by 17.5% based on its latest 2016Q4 regulatory filing with the SEC. Factory Mutual Insurance Company bought 182,000 shares as the company’s stock rose 12.87% with the market. The institutional investor held 1.22M shares of the edp services company at the end of 2016Q4, valued at $68.69 million, up from 1.04M at the end of the previous reported quarter. Factory Mutual Insurance Company who had been investing in Cognizant Technology Solutio for a number of months, seems to be bullish on the $41.80B market cap company. The stock increased 1.58% or $1.1 during the last trading session, reaching $70.77. About 3.35 million shares traded or 0.30% up from the average. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since August 31, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Highland Capital Management Llc, which manages about $1.26 billion and $1.19B US Long portfolio, decreased its stake in Apple Computer (NASDAQ:AAPL) by 17,482 shares to 270,890 shares, valued at $31.38M in 2016Q4, according to the filing. It also reduced its holding in Cigna Corporation (NYSE:CI) by 6,130 shares in the quarter, leaving it with 66,004 shares, and cut its stake in Amazon.Com Inc (NASDAQ:AMZN).

More notable recent Intercontinental Exchange Inc (NYSE:ICE) news were published by: Nasdaq.com which released: “Intercontinental Exchange Inc (ICE) CEO Jeffrey C Sprecher Sold $5.2 million …” on August 25, 2017, also Nasdaq.com with their article: “How To YieldBoost Intercontinental Exchange From 1.2% To 5.9% Using Options” published on August 21, 2017, Nasdaq.com published: “CME Group vs Intercontinental Exchange: Which Stock Allures?” on August 30, 2017. More interesting news about Intercontinental Exchange Inc (NYSE:ICE) were released by: Nasdaq.com and their article: “Intercontinental Exchange (ICE) Q2 Earnings Meet, View Down” published on August 03, 2017 as well as Fool.com‘s news article titled: “Intercontinental Exchange results: The raw numbers” with publication date: August 03, 2017.

Among 14 analysts covering Intercontinental Exchange (NYSE:ICE), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Intercontinental Exchange had 47 analyst reports since August 6, 2015 according to SRatingsIntel. UBS maintained the shares of ICE in report on Thursday, August 4 with “Buy” rating. Sterne Agee CRT initiated Intercontinental Exchange Inc (NYSE:ICE) rating on Friday, May 20. Sterne Agee CRT has “Buy” rating and $300 target. The rating was maintained by RBC Capital Markets on Tuesday, June 6 with “Hold”. The stock of Intercontinental Exchange Inc (NYSE:ICE) earned “Buy” rating by Jefferies on Tuesday, April 11. Barclays Capital maintained the stock with “Overweight” rating in Thursday, August 4 report. Wood maintained the shares of ICE in report on Thursday, April 13 with “Buy” rating. The rating was reinitiated by RBC Capital Markets on Friday, March 31 with “Sector Perform”. As per Monday, June 26, the company rating was maintained by Jefferies. Buckingham Research initiated the shares of ICE in report on Thursday, May 19 with “Buy” rating. The stock has “Hold” rating by Standpoint Research on Sunday, August 9.

Investors sentiment increased to 11.77 in Q4 2016. Its up 10.76, from 1.01 in 2016Q3. It is positive, as 32 investors sold ICE shares while 16 reduced holdings. 77 funds opened positions while 488 raised stakes. 1.03 billion shares or 903.33% more from 102.32 million shares in 2016Q3 were reported. Falcon Edge Capital Lp holds 3.81% in Intercontinental Exchange Inc (NYSE:ICE) or 638,500 shares. Voloridge Investment Mngmt Ltd Liability Com invested 0.31% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE). Earnest Prtnrs Lc has invested 0.58% in Intercontinental Exchange Inc (NYSE:ICE). Nationwide Fund Advisors has 0.19% invested in Intercontinental Exchange Inc (NYSE:ICE). Mitsubishi Ufj Trust & invested in 1.26M shares or 0.15% of the stock. Altrinsic Advsr Lc holds 1.51 million shares or 3.16% of its portfolio. Calamos Advisors Llc owns 0.37% invested in Intercontinental Exchange Inc (NYSE:ICE) for 815,858 shares. Qs Invsts Ltd Liability accumulated 0% or 9,435 shares. Meritage Grp Inc Limited Partnership invested in 5.24% or 3.46 million shares. Greystone Managed Invs holds 0.41% or 165,054 shares in its portfolio. Paloma Ptnrs accumulated 0.03% or 56,029 shares. Gotham Asset Mgmt Limited Liability Co reported 4,031 shares stake. Quantum Capital reported 6,725 shares. Par Cap Mgmt Inc has 0.17% invested in Intercontinental Exchange Inc (NYSE:ICE). Eagle Asset Mgmt owns 678,808 shares for 0.25% of their portfolio.

Since March 2, 2017, it had 0 insider purchases, and 21 sales for $8.88 million activity. Veeraraghavachary Srinivasan sold 12,000 shares worth $750,000. 1,500 shares were sold by Kandiah Gajakarnan Vibushanan, worth $97,985 on Friday, May 19. 4,186 shares valued at $282,815 were sold by Shaheen Allen on Tuesday, June 6. Another trade for 4,000 shares valued at $271,000 was made by KRISHNASWAMY VENKAT on Monday, June 5. $46,230 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by CHATTERJEE DEBASHIS. Shares for $361,800 were sold by CHINTAMANENI RAMAKRISHNA PRASAD.

More notable recent Cognizant Technology Solutions Corp (NASDAQ:CTSH) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Cognizant Technology Solutions, Alaska Air Group and Moody’s” on August 16, 2017, also Nasdaq.com with their article: “See Which Of The Latest 13F Filers Holds Cognizant Technology Solutions” published on August 09, 2017, Dallasnews.com published: “Cognizant, expecting 1000 jobs for new Irving office, reveals long-term Texas …” on August 11, 2017. More interesting news about Cognizant Technology Solutions Corp (NASDAQ:CTSH) were released by: Nasdaq.com and their article: “Schwartz Investment Counsel Inc Buys Hexcel Corp, Cognizant Technology …” published on August 11, 2017 as well as Gurufocus.com‘s news article titled: “TPG Group Holdings (SBS) Advisors, Inc. Buys Etsy Inc, Gardner Denver Holdings …” with publication date: August 30, 2017.

Factory Mutual Insurance Company, which manages about $8.43B US Long portfolio, decreased its stake in Flex Ltd (NASDAQ:FLEX) by 932,000 shares to 1.86M shares, valued at $26.73M in 2016Q4, according to the filing. It also reduced its holding in Kinder Morgan Inc Del (NYSE:KMI) by 50,000 shares in the quarter, leaving it with 1.63M shares, and cut its stake in Qualcomm Inc (NASDAQ:QCOM).

Among 26 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 17 have Buy rating, 2 Sell and 7 Hold. Therefore 65% are positive. Cognizant Technology Solutions Corp. had 50 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Underperform” rating by CLSA on Wednesday, September 14. The company was maintained on Tuesday, November 8 by Needham. Cantor Fitzgerald initiated the stock with “Buy” rating in Friday, October 16 report. The stock has “Outperform” rating by Wedbush on Friday, January 6. The firm has “Buy” rating by SunTrust given on Thursday, April 13. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, January 31. The rating was maintained by BMO Capital Markets on Thursday, August 6 with “Outperform”. The stock has “Buy” rating by Cowen & Co on Friday, July 28. The firm has “Neutral” rating by Sterne Agee CRT given on Thursday, December 17. The rating was upgraded by Zacks on Monday, August 10 to “Sell”.

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.04, from 0.93 in 2016Q3. It dropped, as 82 investors sold CTSH shares while 305 reduced holdings. 103 funds opened positions while 243 raised stakes. 513.54 million shares or 2.92% more from 498.98 million shares in 2016Q3 were reported. Bridges Invest Mngmt Inc invested in 0.26% or 32,979 shares. Rand Wealth Limited Company reported 32,805 shares. Brown Advisory Inc reported 6.57 million shares or 1.31% of all its holdings. Wedgewood Prns invested in 2.53M shares or 3.46% of the stock. Provident Mgmt reported 443,738 shares. 220 are owned by Tarbox. Montecito Bancorp Trust holds 4,819 shares. Moreover, Lorber David A has 0.7% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH). 11,347 were reported by First Commonwealth Corp Pa. Parkside National Bank And Tru invested in 0% or 115 shares. 167,012 were reported by North Star Asset. Moreover, Jane Street Grp Limited Co has 0.04% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 155,233 shares. Forte Ltd Adv holds 32,075 shares or 0.67% of its portfolio. Moreover, Douglass Winthrop Advisors Limited has 0.01% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 3,800 shares. Argent Trust stated it has 0.09% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH).

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