FACT Capital LP Sells 7,790 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

FACT Capital LP decreased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,764 shares of the financial services provider's stock after selling 7,790 shares during the period. Intercontinental Exchange accounts for approximately 4.6% of FACT Capital LP's holdings, making the stock its 12th biggest holding. FACT Capital LP's holdings in Intercontinental Exchange were worth $10,545,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $25,000. Redwood Park Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $33,000. Lee Danner & Bass Inc. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $34,000. BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $40,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $44,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the sale, the president now directly owns 155,174 shares in the company, valued at $25,855,091.88. The trade was a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now owns 21,364 shares of the company's stock, valued at $3,396,876. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,368 shares of company stock valued at $7,077,789. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock traded up $2.26 on Friday, hitting $178.73. 3,313,509 shares of the stock were exchanged, compared to its average volume of 2,952,055. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $102.52 billion, a PE ratio of 37.39, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a one year low of $131.79 and a one year high of $179.44. The firm's 50 day moving average is $166.93 and its two-hundred day moving average is $160.93.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the company earned $1.48 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio is 39.75%.

Analyst Upgrades and Downgrades

Several analysts have commented on ICE shares. UBS Group raised their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Bank of America decreased their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Barclays raised their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.93.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.