Intercontinental Exchange Inc. $ICE Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd trimmed its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 5.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 318,989 shares of the financial services provider’s stock after selling 16,850 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Intercontinental Exchange were worth $53,743,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ICE. Optivise Advisory Services LLC boosted its position in Intercontinental Exchange by 3.1% during the 2nd quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 54 shares during the period. ICONIQ Capital LLC boosted its holdings in shares of Intercontinental Exchange by 2.2% during the second quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 56 shares during the period. SBI Securities Co. Ltd. grew its position in Intercontinental Exchange by 5.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 58 shares in the last quarter. Institute for Wealth Management LLC. increased its stake in Intercontinental Exchange by 1.9% in the 2nd quarter. Institute for Wealth Management LLC. now owns 3,255 shares of the financial services provider’s stock valued at $597,000 after buying an additional 60 shares during the period. Finally, Confluence Wealth Services Inc. lifted its position in Intercontinental Exchange by 1.0% in the 2nd quarter. Confluence Wealth Services Inc. now owns 6,113 shares of the financial services provider’s stock worth $1,121,000 after buying an additional 62 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total value of $22,962,000.00. Following the transaction, the chief executive officer directly owned 1,801,705 shares in the company, valued at approximately $275,805,001.40. This trade represents a 7.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction on Friday, December 12th. The stock was sold at an average price of $163.20, for a total transaction of $261,120.00. Following the completion of the transaction, the senior vice president owned 24,196 shares in the company, valued at $3,948,787.20. This trade represents a 6.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 166,068 shares of company stock valued at $25,470,702. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

ICE opened at $172.40 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $98.30 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The stock has a 50-day moving average of $163.18 and a 200-day moving average of $166.98. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.71. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. As a group, equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ICE. Barclays set a $182.00 price target on shares of Intercontinental Exchange and gave the company an “overweight” rating in a report on Thursday, January 8th. UBS Group reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Wednesday, January 7th. Morgan Stanley set a $180.00 price target on Intercontinental Exchange and gave the company an “equal weight” rating in a report on Thursday, January 15th. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Buy” and a consensus target price of $193.50.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.