Intercontinental Exchange Inc. (NYSE:ICE) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lessened its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ICE. REAP Financial Group LLC boosted its stake in Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after purchasing an additional 91 shares during the last quarter. Tsfg LLC boosted its stake in Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after purchasing an additional 103 shares during the last quarter. Menard Financial Group LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth $29,000. Rakuten Securities Inc. boosted its stake in Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock worth $29,000 after purchasing an additional 143 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in Intercontinental Exchange during the 1st quarter worth $31,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ICE. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Barclays raised their price target on Intercontinental Exchange from $198.00 to $206.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group raised their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Finally, Bank of America cut their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.58.

Insider Transactions at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,630 shares of the company'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 transaction, the director directly owned 21,364 shares of the company's stock, valued at $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sharon Bowen sold 795 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $183.30, for a total value of $145,723.50. Following the completion of the transaction, the director directly owned 15,000 shares of the company's stock, valued at $2,749,500. This trade represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 228,749 shares of company stock valued at $40,942,387 over the last three months. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Down 0.2%

Shares of ICE stock traded down $0.36 during trading hours on Thursday, reaching $181.80. 1,894,320 shares of the stock were exchanged, compared to its average volume of 2,980,389. The business's fifty day moving average is $178.11 and its two-hundred day moving average is $167.17. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $183.99. The firm has a market capitalization of $104.28 billion, a P/E ratio of 37.64, a P/E/G ratio of 1.96 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

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.