Barbara Oil Co. Purchases Shares of 7,500 Intercontinental Exchange Inc. $ICE

Barbara Oil Co. purchased a new position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,500 shares of the financial services provider's stock, valued at approximately $954,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock valued at $514,000 after buying an additional 1,169 shares during the period. Empowered Funds LLC increased its stake in Intercontinental Exchange by 9.0% during the first quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider's stock valued at $2,483,000 after acquiring an additional 1,189 shares during the period. Sivia Capital Partners LLC increased its stake in Intercontinental Exchange by 16.2% during the second quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider's stock valued at $381,000 after acquiring an additional 289 shares during the period. NewEdge Advisors LLC raised its holdings in Intercontinental Exchange by 27.9% in the 2nd quarter. NewEdge Advisors LLC now owns 21,213 shares of the financial services provider's stock valued at $3,892,000 after acquiring an additional 4,628 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Intercontinental Exchange by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 266,496 shares of the financial services provider's stock valued at $48,894,000 after acquiring an additional 6,373 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Insiders Place Their Bets

In related news, SVP Douglas Foley sold 7,300 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the completion of the sale, the senior vice president owned 19,063 shares in the company, valued at $2,838,099.44. This trade represents a 27.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 12th. The shares were 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 of the company's stock, valued at $10,279,785.60. This represents a 5.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,200 shares of company stock worth $3,035,385 in the last quarter. 0.84% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $161.29 on Monday. The stock's fifty day simple moving average is $142.34 and its 200 day simple moving average is $151.54. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $181.65. The firm has a market cap of $90.55 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 1.57 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.81 earnings per share. On average, analysts expect that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ICE has been the topic of several recent research reports. The Goldman Sachs Group decreased their price objective on Intercontinental Exchange from $208.00 to $180.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $178.00 target price on shares of Intercontinental Exchange in a research note on Friday, July 31st. Raymond James Financial set a $208.00 target price on Intercontinental Exchange in a research report on Monday, July 6th. Barclays reiterated an "overweight" rating and set a $182.00 price target (up from $180.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Finally, Weiss Ratings cut shares of Intercontinental Exchange from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average target price of $183.33.

Intercontinental Exchange Profile

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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