Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,350 shares of the financial services provider’s stock after selling 160 shares during the period. Inspire Investing LLC’s holdings in Intercontinental Exchange were worth $378,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ICE. Vanguard Group Inc. increased its stake in Intercontinental Exchange by 7.5% in the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock valued at $6,978,218,000 after purchasing an additional 3,536,913 shares during the last quarter. CCLA Investment Management lifted its holdings in shares of Intercontinental Exchange by 91,838.2% during the 1st quarter. CCLA Investment Management now owns 1,114,291 shares of the financial services provider’s stock worth $152,923,000 after acquiring an additional 1,113,079 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $124,508,000. Janus Henderson Group PLC grew its holdings in Intercontinental Exchange by 589.4% in the first quarter. Janus Henderson Group PLC now owns 804,507 shares of the financial services provider’s stock valued at $110,559,000 after purchasing an additional 687,817 shares during the period. Finally, James Hambro & Partners acquired a new position in Intercontinental Exchange during the second quarter worth approximately $93,340,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the sale, the chief financial officer now owns 16,576 shares of the company’s stock, valued at $2,675,863.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,532 shares of company stock worth $1,358,709. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 1.2 %

Shares of Intercontinental Exchange stock opened at $166.82 on Friday. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $167.23. The company has a market capitalization of $95.69 billion, a PE ratio of 38.26, a P/E/G ratio of 2.62 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. The business has a 50-day moving average of $160.55 and a 200-day moving average of $146.20.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. Intercontinental Exchange’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Barclays boosted their price target on Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a research report on Monday, October 14th. Finally, Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.80.

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.