Fidelis Capital Partners LLC Decreases Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Fidelis Capital Partners LLC reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,763 shares of the financial services provider’s stock after selling 1,100 shares during the period. Fidelis Capital Partners LLC’s holdings in Intercontinental Exchange were worth $1,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICE. 1832 Asset Management L.P. boosted its position in shares of Intercontinental Exchange by 2,142.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 24,080 shares of the financial services provider’s stock worth $3,296,000 after buying an additional 23,006 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in Intercontinental Exchange by 16,435.7% during the second quarter. Frank Rimerman Advisors LLC now owns 4,630 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 4,602 shares during the last quarter. Long Road Investment Counsel LLC lifted its holdings in shares of Intercontinental Exchange by 0.3% in the second quarter. Long Road Investment Counsel LLC now owns 50,985 shares of the financial services provider’s stock valued at $6,979,000 after purchasing an additional 150 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Intercontinental Exchange by 5.0% during the 2nd quarter. ProShare Advisors LLC now owns 116,480 shares of the financial services provider’s stock worth $15,945,000 after purchasing an additional 5,564 shares in the last quarter. Finally, Transatlantique Private Wealth LLC increased its stake in shares of Intercontinental Exchange by 5.7% during the 2nd quarter. Transatlantique Private Wealth LLC now owns 7,028 shares of the financial services provider’s stock worth $945,000 after purchasing an additional 382 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $159.84 on Friday. The business has a 50-day moving average of $155.82 and a two-hundred day moving average of $142.77. The firm has a market capitalization of $91.68 billion, a PE ratio of 36.66, a P/E/G ratio of 2.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the sale, the general counsel now directly owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business’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 transaction, the general counsel now directly owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the sale, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at approximately $2,202,819.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,166 shares of company stock valued at $9,768,190. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ICE shares. Citigroup increased their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Barclays lifted their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, August 15th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.08.

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.