Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Webster Bank N. A.

Webster Bank N. A. trimmed its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,269 shares of the financial services provider’s stock after selling 1,300 shares during the period. Webster Bank N. A.’s holdings in Intercontinental Exchange were worth $2,786,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ICE. Wellington Management Group LLP lifted its position in shares of Intercontinental Exchange by 219.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock valued at $1,336,371,000 after acquiring an additional 8,348,126 shares during the last quarter. Norges Bank purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $839,259,000. Capital World Investors lifted its holdings in shares of Intercontinental Exchange by 35.6% in the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock valued at $1,238,559,000 after purchasing an additional 2,530,119 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Intercontinental Exchange by 303.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider’s stock valued at $305,832,000 after purchasing an additional 1,790,493 shares in the last quarter. Finally, Parnassus Investments LLC lifted its holdings in shares of Intercontinental Exchange by 23.8% in the fourth quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock valued at $1,082,646,000 after purchasing an additional 1,621,737 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were acquired at an average cost of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the purchase, the insider now owns 649,934 shares of the company’s stock, valued at approximately $565,442.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the transaction, the general counsel now directly owns 46,815 shares in the company, valued at $6,397,737.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average cost of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the transaction, the insider now owns 649,934 shares of the company’s stock, valued at $565,442.58. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 62,894 shares of company stock worth $8,620,792. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ICE shares. Rosenblatt Securities restated a “buy” rating and issued a $164.00 target price on shares of Intercontinental Exchange in a report on Friday, May 3rd. Barclays reduced their target price on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Morgan Stanley increased their target price on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Argus reaffirmed a “buy” rating and issued a $153.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.29.

Intercontinental Exchange Stock Down 0.4 %

NYSE ICE traded down $0.58 during trading on Friday, hitting $136.89. 4,067,356 shares of the company traded hands, compared to its average volume of 2,343,006. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $140.43. The business has a fifty day simple moving average of $134.52 and a 200 day simple moving average of $132.72. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $78.52 billion, a P/E ratio of 31.40, a PEG ratio of 2.56 and a beta of 1.06.

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

Intercontinental Exchange 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.