Woodline Partners LP Buys Shares of 34,482 Intercontinental Exchange, Inc. (NYSE:ICE)

Woodline Partners LP acquired a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 34,482 shares of the financial services provider's stock, valued at approximately $5,138,000.

Several other institutional investors and hedge funds have also bought and sold shares of ICE. Vident Advisory LLC lifted its stake in Intercontinental Exchange by 3.4% in the fourth 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. Sone Capital Management LLC bought a new position in Intercontinental Exchange in the 4th quarter worth $6,446,000. Twinbeech Capital LP raised its holdings in Intercontinental Exchange by 3,304.1% in the 4th quarter. Twinbeech Capital LP now owns 181,133 shares of the financial services provider's stock worth $26,991,000 after purchasing an additional 175,812 shares in the last quarter. Texas Bank & Trust Co purchased a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $478,000. Finally, Teza Capital Management LLC boosted its stake in shares of Intercontinental Exchange by 75.2% during the 4th quarter. Teza Capital Management LLC now owns 26,130 shares of the financial services provider's stock valued at $3,894,000 after purchasing an additional 11,217 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 552 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 15,658 shares of the company's stock, valued at $2,732,634.16. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now directly owns 21,364 shares in the company, valued at $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,082 shares of company stock worth $1,868,802 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on ICE. UBS Group increased their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods increased their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research 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 upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Bank of America decreased their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average target price of $188.46.

Intercontinental Exchange Stock Up 1.4%

Shares of NYSE ICE traded up $2.40 during trading on Tuesday, reaching $178.52. The company had a trading volume of 2,831,511 shares, compared to its average volume of 3,005,912. Intercontinental Exchange, Inc. has a 12-month low of $131.79 and a 12-month high of $179.44. 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 business's 50-day moving average is $167.81 and its 200 day moving average is $162.09. The stock has a market cap of $102.40 billion, a PE ratio of 37.35, a P/E/G ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

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.