Waverly Advisors LLC Acquires 8,564 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Waverly Advisors LLC lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 379.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,820 shares of the financial services provider's stock after purchasing an additional 8,564 shares during the quarter. Waverly Advisors LLC's holdings in Intercontinental Exchange were worth $1,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Worldquant Millennium Advisors LLC boosted its holdings in Intercontinental Exchange by 168.9% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 914,963 shares of the financial services provider's stock valued at $136,339,000 after purchasing an additional 574,686 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its position in shares of Intercontinental Exchange by 1.3% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 16,347 shares of the financial services provider's stock worth $2,436,000 after buying an additional 215 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at $5,138,000. Vident Advisory LLC increased its holdings in shares of Intercontinental Exchange by 3.4% in the 4th quarter. Vident Advisory LLC now owns 21,784 shares of the financial services provider's stock worth $3,246,000 after acquiring an additional 723 shares during the period. Finally, Sone Capital Management LLC bought a new stake in Intercontinental Exchange in the 4th quarter valued at about $6,446,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 552 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $174.52, for a total transaction of $96,335.04. Following the completion of the sale, the insider now directly owns 15,658 shares in the company, valued at $2,732,634.16. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the sale, the director now owns 21,364 shares of the company's stock, valued at $3,396,876. This trade represents a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ICE. 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 report on Friday, May 2nd. Barclays raised their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley boosted their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, UBS Group lifted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $188.46.

Intercontinental Exchange Stock Down 0.3%

Shares of ICE traded down $0.47 on Wednesday, hitting $178.07. The company's stock had a trading volume of 496,392 shares, compared to its average volume of 3,271,731. Intercontinental Exchange, Inc. has a fifty-two week low of $131.79 and a fifty-two week high of $179.43. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm's fifty day moving average price is $167.87 and its 200-day moving average price is $162.21. The firm has a market capitalization of $102.15 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its 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 firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.08%. Intercontinental Exchange's payout ratio is presently 39.75%.

Intercontinental Exchange Company 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.