Sapient Capital LLC Takes $12.86 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Sapient Capital LLC purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,103 shares of the financial services provider's stock, valued at approximately $12,856,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ICE. Commonwealth Equity Services LLC grew its holdings in Intercontinental Exchange by 4.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider's stock valued at $4,534,000 after buying an additional 1,716 shares in the last quarter. Simon Quick Advisors LLC grew its stake in Intercontinental Exchange by 12.8% during the third quarter. Simon Quick Advisors LLC now owns 2,051 shares of the financial services provider's stock valued at $226,000 after acquiring an additional 232 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Intercontinental Exchange by 2.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 35,309 shares of the financial services provider's stock valued at $3,885,000 after acquiring an additional 954 shares during the last quarter. Stonegate Investment Group LLC lifted its stake in Intercontinental Exchange by 11.7% in the 3rd quarter. Stonegate Investment Group LLC now owns 2,096 shares of the financial services provider's stock worth $231,000 after purchasing an additional 220 shares in the last quarter. Finally, NorthRock Partners LLC boosted its holdings in shares of Intercontinental Exchange by 16.5% during the 3rd quarter. NorthRock Partners LLC now owns 3,139 shares of the financial services provider's stock valued at $345,000 after purchasing an additional 445 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods decreased their target price on Intercontinental Exchange from $156.00 to $155.00 and set an "outperform" rating on the stock in a research report on Friday. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an "equal weight" rating in a report on Tuesday, April 9th. Citigroup upped their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. UBS Group upped their target price on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, February 12th. Finally, StockNews.com cut Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average price target of $147.92.

Insider Buying and Selling at Intercontinental Exchange

In related news, insider Elizabeth Kathryn King sold 3,783 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $132.03, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Douglas Foley sold 7,070 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the transaction, the senior vice president now directly owns 18,383 shares of the company's stock, valued at approximately $2,501,742.47. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Elizabeth Kathryn King sold 3,783 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $499,469.49. Following the sale, the insider now 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 157,832 shares of company stock valued at $21,499,127 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Trading Up 3.1 %

Shares of NYSE:ICE traded up $3.96 on Friday, hitting $130.50. 3,991,238 shares of the company's stock were exchanged, compared to its average volume of 2,404,087. The business's 50 day simple moving average is $135.01 and its two-hundred day simple moving average is $126.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market capitalization of $74.73 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02. Intercontinental Exchange, Inc. has a 12 month low of $103.81 and a 12 month high of $140.43.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. The company had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The firm's quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS. Analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.80 annualized dividend and a yield of 1.38%. Intercontinental Exchange's payout ratio is currently 41.28%.

About Intercontinental Exchange

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.