OneDigital Investment Advisors LLC Decreases Stock Position in Intercontinental Exchange Inc. (NYSE:ICE)

OneDigital Investment Advisors LLC reduced its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 27.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,890 shares of the financial services provider's stock after selling 1,879 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Intercontinental Exchange were worth $844,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Governors Lane LP boosted its holdings in shares of Intercontinental Exchange by 88.0% in the fourth quarter. Governors Lane LP now owns 127,100 shares of the financial services provider's stock valued at $18,939,000 after acquiring an additional 59,500 shares during the period. Tema Etfs LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $1,107,000. Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Intercontinental Exchange by 61.0% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 157,800 shares of the financial services provider's stock valued at $23,514,000 after acquiring an additional 59,800 shares during the period. SouthState Corp boosted its holdings in shares of Intercontinental Exchange by 4.5% in the fourth quarter. SouthState Corp now owns 66,417 shares of the financial services provider's stock valued at $9,897,000 after acquiring an additional 2,851 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 18.3% during the first quarter. Sequoia Financial Advisors LLC now owns 12,168 shares of the financial services provider's stock worth $2,099,000 after purchasing an additional 1,879 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Douglas Foley sold 1,600 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $177.48, for a total value of $283,968.00. Following the sale, the senior vice president directly owned 27,313 shares in the company, valued at $4,847,511.24. The trade was a 5.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sharon Bowen sold 795 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total transaction of $145,723.50. Following the completion of the sale, the director owned 15,000 shares in the company, valued at $2,749,500. This represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,749 shares of company stock worth $40,942,387. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded down $0.37 during midday trading on Thursday, reaching $181.79. The company's stock had a trading volume of 353,731 shares, compared to its average volume of 2,974,060. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $183.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. The stock's 50 day simple moving average is $178.11 and its 200 day simple moving average is $167.17. The firm has a market capitalization of $104.28 billion, a PE ratio of 37.60, a P/E/G ratio of 1.95 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The company 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 earnings per share. Intercontinental Exchange's quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.06%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ICE. Keefe, Bruyette & Woods increased their price target on 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 Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group increased their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday. Bank of America decreased their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Morgan Stanley increased their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and an average price target of $191.92.

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.