Occudo Quantitative Strategies LP bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,376 shares of the financial services provider's stock, valued at approximately $4,526,000. Intercontinental Exchange accounts for about 0.8% of Occudo Quantitative Strategies LP's investment portfolio, making the stock its 12th biggest holding.
Other large investors have also added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp grew its holdings in Intercontinental Exchange by 20.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 23,872 shares of the financial services provider's stock worth $3,557,000 after acquiring an additional 4,043 shares in the last quarter. Obermeyer Wealth Partners increased its position in Intercontinental Exchange by 9.9% in the fourth quarter. Obermeyer Wealth Partners now owns 1,847 shares of the financial services provider's stock worth $275,000 after buying an additional 167 shares during the period. Morse Asset Management Inc boosted its stake in Intercontinental Exchange by 4.8% during the 4th quarter. Morse Asset Management Inc now owns 27,604 shares of the financial services provider's stock valued at $4,113,000 after purchasing an additional 1,255 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Intercontinental Exchange by 27.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,008 shares of the financial services provider's stock worth $13,412,000 after buying an additional 19,410 shares in the last quarter. Finally, Lighthouse Investment Partners LLC grew its stake in shares of Intercontinental Exchange by 1,711.9% in the fourth quarter. Lighthouse Investment Partners LLC now owns 38,213 shares of the financial services provider's stock worth $5,694,000 after purchasing an additional 36,104 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. UBS Group raised their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Barclays increased their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average price target of $185.93.
Check Out Our Latest Stock Analysis on ICE
Insiders Place Their Bets
In related news, President Benjamin Jackson sold 7,900 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now owns 147,274 shares in the company, valued at $25,247,181.82. The trade was a 5.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the company'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 transaction, the director now directly owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,368 shares of company stock valued at $7,077,789 in the last 90 days. 1.00% of the stock is currently owned by insiders.
Intercontinental Exchange Price Performance
Shares of ICE stock traded up $1.25 during mid-day trading on Friday, reaching $176.10. The company's stock had a trading volume of 2,330,889 shares, compared to its average volume of 2,972,476. 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 firm's 50-day moving average is $167.15 and its two-hundred day moving average is $161.20. Intercontinental Exchange, Inc. has a 1-year low of $131.79 and a 1-year high of $179.44. The company has a market cap of $101.01 billion, a P/E ratio of 36.84, a PEG ratio of 2.10 and a beta of 1.12.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data 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 firm 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 quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.
Intercontinental Exchange Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.09%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.
About Intercontinental Exchange
(
Free Report)
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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