Doliver Advisors LP Lowers Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Doliver Advisors LP lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 10.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,059 shares of the financial services provider’s stock after selling 586 shares during the quarter. Doliver Advisors LP’s holdings in Intercontinental Exchange were worth $695,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ICE. Nordea Investment Management AB raised its stake in Intercontinental Exchange by 27.3% during the fourth quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock valued at $7,311,000 after purchasing an additional 12,208 shares in the last quarter. Wellington Management Group LLP increased its position in Intercontinental Exchange by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after acquiring an additional 4,251,371 shares during the last quarter. D.A. Davidson & CO. increased its position in Intercontinental Exchange by 8.5% during the fourth quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock valued at $3,253,000 after acquiring an additional 1,991 shares during the last quarter. Point72 Europe London LLP increased its position in Intercontinental Exchange by 10.9% during the fourth quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock valued at $8,515,000 after acquiring an additional 6,500 shares during the last quarter. Finally, LGT Group Foundation increased its position in Intercontinental Exchange by 36.0% during the fourth quarter. LGT Group Foundation now owns 355,555 shares of the financial services provider’s stock valued at $45,724,000 after acquiring an additional 94,039 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,238 shares of Intercontinental Exchange stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total value of $307,411.68. Following the sale, the director now owns 29,347 shares of the company’s stock, valued at approximately $4,031,103.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,267 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the transaction, the director now owns 28,849 shares in the company, valued at approximately $3,882,209.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,238 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total value of $307,411.68. Following the completion of the transaction, the director now owns 29,347 shares in the company, valued at approximately $4,031,103.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,234 shares of company stock valued at $8,668,823. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

ICE traded up $0.88 during trading on Monday, reaching $138.72. 2,342,848 shares of the company’s stock were exchanged, compared to its average volume of 2,336,794. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $140.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $79.57 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The company’s fifty day simple moving average is $133.99 and its 200-day simple moving average is $132.34.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting analysts’ consensus estimates of $1.48. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

ICE has been the topic of a number of analyst reports. Bank of America cut their price objective on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Citigroup upped their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Barclays dropped their target price on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Finally, Argus reissued a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $148.29.

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.