Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Port Capital LLC

Port Capital LLC raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 382,087 shares of the financial services provider's stock after purchasing an additional 2,511 shares during the period. Intercontinental Exchange accounts for about 2.6% of Port Capital LLC's portfolio, making the stock its 16th biggest position. Port Capital LLC owned about 0.07% of Intercontinental Exchange worth $56,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Prana Capital Management LP grew its holdings in Intercontinental Exchange by 74.7% during the 4th quarter. Prana Capital Management LP now owns 673,729 shares of the financial services provider's stock valued at $100,392,000 after purchasing an additional 288,159 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Intercontinental Exchange by 11.5% during the fourth quarter. ProShare Advisors LLC now owns 123,082 shares of the financial services provider's stock valued at $18,340,000 after buying an additional 12,726 shares during the last quarter. Quadcap Wealth Management LLC raised its holdings in shares of Intercontinental Exchange by 1.2% in the fourth quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock worth $918,000 after buying an additional 71 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Intercontinental Exchange by 17.5% during the 4th quarter. Quantinno Capital Management LP now owns 45,272 shares of the financial services provider's stock worth $6,746,000 after acquiring an additional 6,731 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in Intercontinental Exchange by 0.8% during the 4th quarter. Pathstone Holdings LLC now owns 82,815 shares of the financial services provider's stock valued at $12,340,000 after acquiring an additional 663 shares during the period. 89.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the business's stock in a transaction 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 owns 17,972 shares in the company, valued at approximately $3,001,144.28. This trade represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,468 shares of company stock valued at $5,763,545. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Down 0.3%

ICE stock traded down $0.61 during trading on Tuesday, reaching $176.15. 848,679 shares of the company traded hands, compared to its average volume of 3,294,205. The business has a 50 day simple moving average of $167.46 and a 200 day simple moving average of $161.42. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $101.04 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 23.42% and a return on equity of 12.95%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $1.48 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.09%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley increased their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Bank of America dropped their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Barclays lifted their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $185.93.

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.