12,657 Shares in Intercontinental Exchange Inc. $ICE Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. bought a new stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,657 shares of the financial services provider's stock, valued at approximately $1,558,000.

Several other hedge funds have also bought and sold shares of the stock. Ares Financial Consulting LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $25,000. Brooklands Fund Management Ltd purchased a new position in Intercontinental Exchange in the fourth quarter worth $28,000. Swiss RE Ltd. purchased a new position in Intercontinental Exchange in the fourth quarter worth $28,000. Lloyd Advisory Services LLC. bought a new position in Intercontinental Exchange in the fourth quarter valued at $30,000. Finally, Clearstead Trust LLC bought a new position in Intercontinental Exchange in the second quarter valued at $37,000. 89.30% of the stock is currently owned by institutional investors.

Insider Activity at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 4,271 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $151.20, for a total transaction of $645,775.20. Following the transaction, the chief technology officer directly owned 67,988 shares in the company, valued at $10,279,785.60. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 4,573 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total value of $693,083.88. Following the completion of the transaction, the general counsel directly owned 45,473 shares in the company, valued at $6,891,887.88. This trade represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,376 shares of company stock worth $2,746,946 over the last three months. Corporate insiders own 0.84% of the company's stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $157.04 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The stock has a market cap of $88.16 billion, a PE ratio of 22.18, a PEG ratio of 1.53 and a beta of 0.92. The company's fifty day moving average is $141.53 and its 200 day moving average is $151.73. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $181.72.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the prior year, the business posted $1.81 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. Research analysts anticipate that Intercontinental Exchange Inc. will post 8.11 earnings per share for the current year.

Wall Street Analyst Weigh In

ICE has been the subject of several research analyst reports. UBS Group reaffirmed a "buy" rating and set a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Raymond James Financial set a $208.00 price objective on Intercontinental Exchange in a research report on Monday, July 6th. Rothschild & Co Redburn set a $177.00 price objective on Intercontinental Exchange in a report on Thursday, June 11th. Morgan Stanley decreased their price objective on Intercontinental Exchange from $187.00 to $163.00 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Finally, The Goldman Sachs Group dropped their target price on Intercontinental Exchange from $208.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $183.33.

About Intercontinental Exchange

Intercontinental Exchange NYSE: ICE is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

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