FORA Capital LLC Makes New Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

FORA Capital LLC bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 36,510 shares of the financial services provider's stock, valued at approximately $5,440,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $25,000. Redwood Park Advisors LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $33,000. Lee Danner & Bass Inc. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $34,000. BankPlus Trust Department purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $40,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 6,834 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the transaction, the insider now directly owns 17,972 shares in the company, valued at approximately $3,001,144.28. This represents a 27.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 21,364 shares in the company, valued at $3,396,876. This 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 42,368 shares of company stock worth $7,077,789 in the last ninety days. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ICE shares. Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Bank of America cut their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Morgan Stanley lifted their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $185.93.

Intercontinental Exchange Price Performance

ICE stock traded down $5.19 during trading on Monday, hitting $173.14. The stock had a trading volume of 4,617,657 shares, compared to its average volume of 2,958,717. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a twelve month low of $131.79 and a twelve month high of $182.00. The stock has a market capitalization of $99.32 billion, a P/E ratio of 36.22, a PEG ratio of 2.10 and a beta of 1.12. The company's 50-day moving average price is $166.93 and its two-hundred day moving average price is $160.93.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $2.47 billion for 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 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 posted $1.48 EPS. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 1.11%. Intercontinental Exchange's dividend payout ratio is currently 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.