Intercontinental Exchange Inc. (NYSE:ICE) Stock Holdings Lifted by Sei Investments Co.

Key Points

• Sei Investments Co. increased its stake in Intercontinental Exchange (ICE) by 1.1%, acquiring an additional 5,449 shares, bringing their total to 483,241 shares valued at approximately $83 million.
• Intercontinental Exchange recently reported a quarterly earnings per share (EPS) of $1.81, exceeding analysts' expectations and demonstrating a year-over-year revenue growth of 9.8%.
• The company announced a quarterly dividend of $0.48 per share, reflecting an annualized yield of 1.1% and a payout ratio of 36.85%.

Sei Investments Co. lifted its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 483,241 shares of the financial services provider's stock after acquiring an additional 5,449 shares during the quarter. Intercontinental Exchange accounts for approximately 0.8% of Sei Investments Co.'s holdings, making the stock its 29th largest position. Sei Investments Co. owned 0.08% of Intercontinental Exchange worth $83,359,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Governors Lane LP boosted its position in Intercontinental Exchange by 88.0% during the 4th quarter. Governors Lane LP now owns 127,100 shares of the financial services provider's stock valued at $18,939,000 after purchasing an additional 59,500 shares during the period. Tema Etfs LLC acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $1,107,000. Capital Investment Advisory Services LLC acquired a new position in Intercontinental Exchange during the 1st quarter valued at approximately $349,000. Sequoia Financial Advisors LLC boosted its position in Intercontinental Exchange by 18.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,168 shares of the financial services provider's stock valued at $2,099,000 after purchasing an additional 1,879 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $28,949,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ICE. Barclays boosted their price objective on Intercontinental Exchange from $206.00 to $212.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Keefe, Bruyette & Woods lifted their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Morgan Stanley lifted their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. UBS Group lifted their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Piper Sandler lifted their target price on Intercontinental Exchange from $180.00 to $202.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus price target of $194.92.

Insider Activity at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $177.48, for a total transaction of $283,968.00. Following the transaction, the senior vice president directly owned 27,313 shares of the company's stock, valued at approximately $4,847,511.24. The trade was a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $179.12, for a total value of $689,253.76. Following the transaction, the general counsel directly owned 48,480 shares in the company, valued at $8,683,737.60. The trade was a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 443,488 shares of company stock valued at $80,323,823 over the last ninety days. Company insiders own 1.00% of the company's stock.

Intercontinental Exchange Price Performance

Shares of ICE traded down $1.56 during midday trading on Friday, reaching $181.12. The stock had a trading volume of 2,840,944 shares, compared to its average volume of 3,072,402. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The firm's 50 day moving average price is $182.02 and its 200-day moving average price is $173.50. The company has a market capitalization of $103.68 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.15 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.04. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 EPS. On average, analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th 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 1.1%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 36.85%.

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.