Waverly Advisors LLC Has $1.61 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Waverly Advisors LLC lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 379.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,820 shares of the financial services provider's stock after purchasing an additional 8,564 shares during the period. Waverly Advisors LLC's holdings in Intercontinental Exchange were worth $1,612,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Strategic Advisors LLC raised its position in shares of Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock valued at $201,000 after buying an additional 66 shares during the last quarter. Clear Harbor Asset Management LLC grew its stake in Intercontinental Exchange by 3.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider's stock worth $294,000 after acquiring an additional 70 shares during the period. Johnson Investment Counsel Inc. grew its stake in Intercontinental Exchange by 2.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock worth $465,000 after acquiring an additional 71 shares during the period. Quadcap Wealth Management LLC raised its holdings in Intercontinental Exchange by 1.2% in the 4th quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock valued at $918,000 after acquiring an additional 71 shares during the last quarter. Finally, Colonial Trust Co SC lifted its stake in shares of Intercontinental Exchange by 11.7% during the 4th quarter. Colonial Trust Co SC now owns 687 shares of the financial services provider's stock worth $102,000 after purchasing an additional 72 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 1.5%

Shares of Intercontinental Exchange stock traded up $2.67 during midday trading on Tuesday, reaching $178.79. 1,496,049 shares of the company's stock traded hands, compared to its average volume of 3,001,232. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 52 week low of $131.79 and a 52 week high of $179.44. The company's 50 day simple moving average is $167.81 and its 200 day simple moving average is $162.09. The company has a market cap of $102.56 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the company posted $1.48 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 39.75%.

Analyst Ratings Changes

A number of brokerages have recently commented on ICE. Bank of America lowered their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Barclays lifted their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Wall Street Zen raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, UBS Group upped their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $188.46.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 552 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total transaction of $96,335.04. Following the sale, the insider now directly owns 15,658 shares in the company, valued at approximately $2,732,634.16. The trade was a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the sale, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. The trade was a 5.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,082 shares of company stock worth $1,868,802. Insiders own 1.00% of the company's stock.

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.