Teza Capital Management LLC Has $3.89 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Teza Capital Management LLC increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 75.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,130 shares of the financial services provider's stock after purchasing an additional 11,217 shares during the quarter. Intercontinental Exchange makes up 0.6% of Teza Capital Management LLC's investment portfolio, making the stock its 29th largest holding. Teza Capital Management LLC's holdings in Intercontinental Exchange were worth $3,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ICE. Sierra Ocean LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $25,000. Redwood Park Advisors LLC acquired a new position in Intercontinental Exchange in the 4th quarter worth approximately $33,000. Lee Danner & Bass Inc. acquired a new position in Intercontinental Exchange in the 4th quarter worth approximately $34,000. BankPlus Trust Department purchased a new position in Intercontinental Exchange during the 4th quarter worth approximately $40,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Intercontinental Exchange during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange 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 transaction of $418,170.00. Following the completion of the sale, the director now owns 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 Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now directly owns 155,174 shares in the company, valued at approximately $25,855,091.88. This represents a 9.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,468 shares of company stock valued at $5,763,545. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on ICE shares. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Bank of America dropped their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays boosted their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $185.93.

Intercontinental Exchange Stock Down 0.3%

Shares of ICE traded down $0.54 during mid-day trading on Tuesday, hitting $176.21. 2,150,776 shares of the company's stock were exchanged, compared to its average volume of 2,978,088. The stock has a market cap of $101.08 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 2.10 and a beta of 1.12. The firm has a fifty day moving average of $167.60 and a two-hundred day moving average of $161.52. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a twelve month low of $131.79 and a twelve month high of $179.44.

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. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.09%. Intercontinental Exchange's dividend 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.