Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 71.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,389 shares of the financial services provider's stock after buying an additional 3,087 shares during the period. Vise Technologies Inc.'s holdings in Intercontinental Exchange were worth $1,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its holdings in Intercontinental Exchange by 6.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock valued at $11,022,000 after acquiring an additional 4,787 shares during the period. Governors Lane LP raised its stake in Intercontinental Exchange by 88.0% in 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 last quarter. Avantra Family Wealth Inc. acquired a new position in Intercontinental Exchange in the 4th quarter valued at $702,000. National Pension Service grew its holdings in Intercontinental Exchange by 19.1% in the 4th quarter. National Pension Service now owns 1,239,140 shares of the financial services provider's stock valued at $184,644,000 after buying an additional 198,311 shares in the last quarter. Finally, Hahn Capital Management LLC grew its holdings in Intercontinental Exchange by 69.8% in the 4th quarter. Hahn Capital Management LLC now owns 71,134 shares of the financial services provider's stock valued at $10,600,000 after buying an additional 29,233 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ICE has been the subject of several analyst reports. Bank of America dropped their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 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. Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley raised their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

Insider Activity

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange 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 transaction, the director now owns 21,364 shares of the company's stock, valued at $3,396,876. The trade was a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 552 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total value of $96,335.04. Following the transaction, the insider now directly owns 15,658 shares in the company, valued at approximately $2,732,634.16. This trade represents a 3.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,579 shares of company stock worth $584,818. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Up 0.2%

Shares of ICE traded up $0.32 during midday trading on Friday, hitting $178.85. The company had a trading volume of 550,711 shares, compared to its average volume of 2,999,527. The company's 50-day simple moving average is $168.00 and its 200-day simple moving average is $162.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $102.59 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 1 year low of $131.79 and a 1 year high of $179.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. As a group, sell-side analysts expect 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 will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio is presently 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.