World Investment Advisors Sells 2,064 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

World Investment Advisors lessened its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 16.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,861 shares of the financial services provider's stock after selling 2,064 shares during the quarter. World Investment Advisors' holdings in Intercontinental Exchange were worth $1,873,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock worth $514,000 after purchasing an additional 1,169 shares during the last quarter. Assetmark Inc. raised its holdings in Intercontinental Exchange by 7.8% during the 4th quarter. Assetmark Inc. now owns 17,762 shares of the financial services provider's stock worth $2,647,000 after purchasing an additional 1,281 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Intercontinental Exchange by 37.1% during the 4th quarter. Proficio Capital Partners LLC now owns 2,238 shares of the financial services provider's stock worth $333,000 after purchasing an additional 606 shares during the last quarter. E Fund Management Co. Ltd. bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $214,000. Finally, Andra AP fonden bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $1,624,000. Institutional investors own 89.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ICE. Bank of America lowered their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. UBS Group raised their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Barclays raised their price objective on shares of Intercontinental Exchange from $198.00 to $206.00 and gave the stock an "overweight" rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $192.58.

Insider Activity

In other news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction 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 sale, the director directly owned 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of Intercontinental Exchange stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $179.12, for a total value of $689,253.76. Following the sale, the general counsel owned 48,480 shares in the company, valued at $8,683,737.60. The trade was a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,749 shares of company stock worth $40,942,387. Company insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Down 0.2%

NYSE ICE traded down $0.28 during mid-day trading on Friday, hitting $181.55. The company's stock had a trading volume of 146,980 shares, compared to its average volume of 2,969,281. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $104.14 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 1.96 and a beta of 1.11. The company's 50 day simple moving average is $178.33 and its 200 day simple moving average is $167.39. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $183.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The firm 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 22.84% and a return on equity of 13.27%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. Analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.06%. Intercontinental Exchange's dividend payout ratio is 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.