Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Rockland Trust Co.

Rockland Trust Co. increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4,001.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 107,838 shares of the financial services provider’s stock after acquiring an additional 105,209 shares during the quarter. Rockland Trust Co.’s holdings in Intercontinental Exchange were worth $16,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of Intercontinental Exchange by 2.8% in the 2nd quarter. Parallel Advisors LLC now owns 6,016 shares of the financial services provider’s stock worth $824,000 after purchasing an additional 164 shares in the last quarter. Thoroughbred Financial Services LLC bought a new position in shares of Intercontinental Exchange in the second quarter valued at $238,000. Rathbones Group PLC lifted its position in shares of Intercontinental Exchange by 10.5% during the 2nd quarter. Rathbones Group PLC now owns 2,342 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 222 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Intercontinental Exchange by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,631 shares of the financial services provider’s stock worth $254,447,000 after acquiring an additional 144,018 shares in the last quarter. Finally, One Capital Management LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter worth $320,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $145.13 on Wednesday. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99. The stock’s 50-day moving average is $153.62 and its two-hundred day moving average is $155.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $83.33 billion, a P/E ratio of 34.39, a PEG ratio of 2.57 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share. Analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ICE has been the subject of several analyst reports. Keefe, Bruyette & Woods reduced their target price on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a report on Monday. Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. The Goldman Sachs Group raised their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $175.20.

Insider Buying and Selling

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the transaction, the general counsel now directly owns 44,702 shares in the company, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,533 shares of company stock worth $1,196,279. Corporate insiders own 1.10% of the company’s stock.

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.