Mattson Financial Services LLC Lowers Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mattson Financial Services LLC reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 30.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,131 shares of the financial services provider's stock after selling 2,626 shares during the period. Mattson Financial Services LLC's holdings in Intercontinental Exchange were worth $985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ICE. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $25,000. REAP Financial Group LLC boosted its stake in shares of Intercontinental Exchange by 116.7% during the fourth quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 91 shares during the period. Menard Financial Group LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $29,000. Redwood Park Advisors LLC bought a new position in Intercontinental Exchange in the 4th quarter worth $33,000. Finally, Lee Danner & Bass Inc. purchased a new stake in Intercontinental Exchange in the fourth quarter worth about $34,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ICE. Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley increased their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Barclays raised their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $188.46.

Insiders Place Their Bets

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. The trade was a 10.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martha A. Tirinnanzi sold 397 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total value of $70,312.67. Following the completion of the transaction, the director now owns 4,526 shares in the company, valued at $801,599.86. This trade represents a 8.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,579 shares of company stock valued at $584,818 over the last quarter. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Stock Performance

Shares of ICE stock traded up $1.42 during mid-day trading on Friday, reaching $179.95. The stock had a trading volume of 5,439,058 shares, compared to its average volume of 3,019,507. The business's fifty day moving average is $168.00 and its 200-day moving average is $162.46. 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 cap of $103.22 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 1-year low of $132.57 and a 1-year high of $182.03.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted 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. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Intercontinental Exchange's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.48 earnings per share. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 yield of 1.07%. Intercontinental Exchange's payout ratio is 39.75%.

About Intercontinental Exchange

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.