Banque Cantonale Vaudoise Acquires New Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Banque Cantonale Vaudoise bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,586 shares of the financial services provider’s stock, valued at approximately $354,000.

A number of other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth about $6,334,000. Gilbert & Cook Inc. raised its position in Intercontinental Exchange by 5.5% during the 4th quarter. Gilbert & Cook Inc. now owns 3,636 shares of the financial services provider’s stock worth $467,000 after buying an additional 188 shares during the last quarter. Fisher Asset Management LLC purchased a new position in Intercontinental Exchange during the 4th quarter worth approximately $320,000. Benjamin F. Edwards & Company Inc. lifted its stake in Intercontinental Exchange by 128.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,628 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 915 shares during the period. Finally, 9258 Wealth Management LLC boosted its holdings in shares of Intercontinental Exchange by 29.9% in the 4th quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider’s stock valued at $977,000 after acquiring an additional 1,752 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the sale, the general counsel now directly owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Judith A. Sprieser sold 1,941 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total transaction of $311,899.29. Following the completion of the sale, the director now owns 26,908 shares of the company’s stock, valued at approximately $4,323,846.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the transaction, the general counsel now directly owns 46,815 shares in the company, valued at $6,397,737.90. The disclosure for this sale can be found here. Insiders sold 66,346 shares of company stock valued at $9,472,911 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent research reports. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their target price for the stock from $143.00 to $167.00 in a report on Monday, July 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Barclays boosted their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.93.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $161.55 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $92.75 billion, a PE ratio of 37.05, a P/E/G ratio of 2.84 and a beta of 1.06. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $161.97. The company has a fifty day moving average of $150.14 and a two-hundred day moving average of $140.52.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

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.