Pacer Advisors Inc. Takes $4.29 Million Position in Intercontinental Exchange Inc (NYSE:ICE)

Pacer Advisors Inc. acquired a new stake in Intercontinental Exchange Inc (NYSE:ICE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,852 shares of the financial services provider’s stock, valued at approximately $4,292,000.

Several other institutional investors also recently bought and sold shares of ICE. Geode Capital Management LLC boosted its holdings in Intercontinental Exchange by 1.1% during the first quarter. Geode Capital Management LLC now owns 8,197,829 shares of the financial services provider’s stock worth $660,894,000 after buying an additional 86,261 shares in the last quarter. Veritas Asset Management LLP boosted its holdings in Intercontinental Exchange by 53.6% during the first quarter. Veritas Asset Management LLP now owns 8,111,300 shares of the financial services provider’s stock worth $654,987,000 after buying an additional 2,830,800 shares in the last quarter. Invesco Ltd. boosted its holdings in Intercontinental Exchange by 14.2% during the first quarter. Invesco Ltd. now owns 6,618,215 shares of the financial services provider’s stock worth $534,421,000 after buying an additional 822,449 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Intercontinental Exchange by 9.1% during the first quarter. Wells Fargo & Company MN now owns 5,998,897 shares of the financial services provider’s stock worth $484,412,000 after buying an additional 501,543 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Intercontinental Exchange by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 5,185,861 shares of the financial services provider’s stock worth $418,759,000 after buying an additional 60,948 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

A number of analysts recently weighed in on ICE shares. Deutsche Bank reduced their target price on shares of Intercontinental Exchange from $114.00 to $111.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Rosenblatt Securities raised their price objective on shares of Intercontinental Exchange from $102.00 to $104.00 and gave the stock a “buy” rating in a research note on Friday. Berenberg Bank raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and raised their price objective for the stock from $101.00 to $106.00 in a research note on Monday, April 20th. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $98.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Citigroup raised their price objective on shares of Intercontinental Exchange from $102.00 to $107.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $103.64.

ICE stock opened at $96.78 on Friday. Intercontinental Exchange Inc has a 12-month low of $63.51 and a 12-month high of $101.93. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.33. The company has a market cap of $51.64 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.65 and a beta of 0.54. The company has a 50 day moving average of $93.21 and a two-hundred day moving average of $91.48.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Intercontinental Exchange had a net margin of 29.01% and a return on equity of 14.14%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. On average, research analysts anticipate that Intercontinental Exchange Inc will post 4.42 EPS for the current year.

In other news, Director Jean Marc Forneri sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $96.01, for a total transaction of $288,030.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey C. Sprecher sold 100,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $95.54, for a total transaction of $9,554,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,486 shares of company stock valued at $10,632,325. Insiders own 1.50% of the company’s stock.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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