Daymark Wealth Partners LLC Increases Stock Holdings in Intercontinental Exchange Inc. (NYSE:ICE)

Daymark Wealth Partners LLC boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 7.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,480 shares of the financial services provider's stock after purchasing an additional 1,403 shares during the quarter. Daymark Wealth Partners LLC's holdings in Intercontinental Exchange were worth $3,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Governors Lane LP raised its stake in Intercontinental Exchange by 88.0% during the fourth quarter. Governors Lane LP now owns 127,100 shares of the financial services provider's stock valued at $18,939,000 after buying an additional 59,500 shares during the last quarter. National Pension Service grew its stake in shares of Intercontinental Exchange by 19.1% in the fourth quarter. National Pension Service now owns 1,239,140 shares of the financial services provider's stock worth $184,644,000 after acquiring an additional 198,311 shares during the last quarter. Hahn Capital Management LLC increased its holdings in shares of Intercontinental Exchange by 69.8% during the fourth quarter. Hahn Capital Management LLC now owns 71,134 shares of the financial services provider's stock valued at $10,600,000 after acquiring an additional 29,233 shares in the last quarter. Tema Etfs LLC purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth about $1,107,000. Finally, Otter Creek Advisors LLC raised its position in shares of Intercontinental Exchange by 102.2% in the 4th quarter. Otter Creek Advisors LLC now owns 33,233 shares of the financial services provider's stock worth $4,952,000 after purchasing an additional 16,797 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Insider Activity

In other Intercontinental Exchange news, CAO James W. Namkung sold 612 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $180.00, for a total value of $110,160.00. Following the sale, the chief accounting officer now owns 13,220 shares of the company's stock, valued at $2,379,600. The trade was a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,101,705 shares of the company's stock, valued at approximately $376,667,570.10. This trade represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 227,954 shares of company stock worth $40,796,663 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Performance

ICE traded up $0.44 during mid-day trading on Thursday, reaching $180.97. 1,504,507 shares of the company traded hands, compared to its average volume of 3,004,583. The company's fifty day moving average price is $174.03 and its 200-day moving average price is $165.23. The stock has a market capitalization of $103.81 billion, a P/E ratio of 37.47, a P/E/G ratio of 1.95 and a beta of 1.12. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. Intercontinental Exchange Inc. has a 52-week low of $136.21 and a 52-week high of $181.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. Intercontinental Exchange's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. On average, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange's payout ratio is 39.75%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ICE shares. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods lifted their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Barclays increased their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Bank of America reduced 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 report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $188.46.

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.