California Public Employees Retirement System Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

California Public Employees Retirement System raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,571,117 shares of the financial services provider's stock after purchasing an additional 31,152 shares during the quarter. California Public Employees Retirement System owned 0.46% of Intercontinental Exchange worth $330,209,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Intercontinental Exchange by 219.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider's stock valued at $1,336,371,000 after acquiring an additional 8,348,126 shares during the period. Invesco Ltd. grew its position in shares of Intercontinental Exchange by 21.1% during the 3rd quarter. Invesco Ltd. now owns 6,073,725 shares of the financial services provider's stock valued at $668,231,000 after acquiring an additional 1,058,536 shares during the period. Vanguard Group Inc. grew its position in shares of Intercontinental Exchange by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider's stock valued at $5,162,041,000 after acquiring an additional 1,012,034 shares during the period. Barclays PLC grew its position in shares of Intercontinental Exchange by 58.8% during the 3rd quarter. Barclays PLC now owns 2,374,570 shares of the financial services provider's stock valued at $261,251,000 after acquiring an additional 879,646 shares during the period. Finally, Third Point LLC grew its position in shares of Intercontinental Exchange by 29.2% during the 3rd quarter. Third Point LLC now owns 2,389,934 shares of the financial services provider's stock valued at $262,941,000 after acquiring an additional 539,934 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the business's stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares in the company, valued at $161,893,392.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the business's stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares in the company, valued at $161,893,392.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Elizabeth Kathryn King sold 3,783 shares of the business's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $499,469.49. Following the completion of the sale, the insider now directly owns 17,242 shares of the company's stock, valued at $2,276,461.26. The disclosure for this sale can be found here. Insiders sold a total of 157,491 shares of company stock worth $21,454,204 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Bank of America decreased their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a "buy" rating on the stock in a research note on Friday. Barclays raised their price target on shares of Intercontinental Exchange from $153.00 to $155.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Wednesday, February 14th. Morgan Stanley raised their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $152.00 target price on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $148.08.

Intercontinental Exchange Trading Up 0.3 %

Intercontinental Exchange stock traded up $0.44 during trading on Monday, hitting $131.65. The company had a trading volume of 1,864,690 shares, compared to its average volume of 2,390,983. Intercontinental Exchange, Inc. has a 1-year low of $103.81 and a 1-year high of $140.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. The company's 50 day simple moving average is $136.27 and its 200-day simple moving average is $124.64. The stock has a market cap of $75.39 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the firm earned $1.25 EPS. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. As a group, analysts expect that Intercontinental Exchange, Inc. will post 5.98 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.45 dividend. This is an increase from Intercontinental Exchange's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. Intercontinental Exchange's payout ratio is 42.86%.

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.

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