Roffman Miller Associates Inc. PA Has $20.10 Million Stock Holdings in Intercontinental Exchange Inc. (NYSE:ICE)

Roffman Miller Associates Inc. PA raised its stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,530 shares of the financial services provider's stock after buying an additional 3,538 shares during the period. Roffman Miller Associates Inc. PA's holdings in Intercontinental Exchange were worth $20,101,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. GPS Wealth Strategies Group LLC increased its holdings in shares of Intercontinental Exchange by 17.2% in the first quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider's stock valued at $74,000 after buying an additional 63 shares in the last quarter. Values Added Financial LLC raised its stake in Intercontinental Exchange by 4.4% during the 1st quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 64 shares during the period. MV Capital Management Inc. raised its stake in Intercontinental Exchange by 15.7% during the 1st quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 68 shares during the period. Johnson Investment Counsel Inc. raised its stake in Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after purchasing an additional 71 shares during the period. Finally, Quadcap Wealth Management LLC raised its stake in Intercontinental Exchange by 1.2% during the 4th quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock valued at $918,000 after purchasing an additional 71 shares during the period. Institutional investors own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director owned 21,364 shares of the company's stock, valued at approximately $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sharon Bowen sold 795 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $183.30, for a total transaction of $145,723.50. Following the transaction, the director directly owned 15,000 shares of the company's stock, valued at $2,749,500. This represents a 5.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 228,749 shares of company stock valued at $40,942,387 in the last three months. Company insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded down $2.19 on Tuesday, reaching $180.90. 1,950,345 shares of the stock were exchanged, compared to its average volume of 2,986,623. The stock has a market cap of $103.77 billion, a PE ratio of 37.45, a PEG ratio of 1.98 and a beta of 1.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. Intercontinental Exchange Inc. has a twelve month low of $140.32 and a twelve month high of $184.76. The firm has a fifty day moving average price of $177.54 and a two-hundred day moving average price of $166.98.

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. 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%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 EPS. Sell-side analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were 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 dividend payout ratio is currently 39.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays boosted 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. Morgan Stanley boosted their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Bank of America lowered their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. 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 report on Friday, May 2nd. Finally, UBS Group upped their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average price target of $189.62.

Intercontinental Exchange 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.