Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Oak Asset Management LLC

Oak Asset Management LLC lowered its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 28,431 shares of the financial services provider’s stock after selling 120 shares during the quarter. Intercontinental Exchange accounts for about 1.5% of Oak Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Oak Asset Management LLC’s holdings in Intercontinental Exchange were worth $3,907,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in Intercontinental Exchange by 219.8% in 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 purchasing an additional 8,348,126 shares in the last quarter. Norges Bank purchased a new position in Intercontinental Exchange in the 4th quarter valued at $839,259,000. Capital World Investors lifted its holdings in Intercontinental Exchange by 35.6% in the 4th 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 Intercontinental Exchange by 303.1% in the 4th 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 Intercontinental Exchange by 23.8% in the 4th 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. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 2,267 shares of Intercontinental Exchange stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the transaction, the director now directly owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The disclosure for this sale can be found here. Insiders sold a total of 62,894 shares of company stock valued at $8,620,792 in the last three months. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research reports. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Keefe, Bruyette & Woods decreased their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $164.00 price target on shares of Intercontinental Exchange in a report on Friday, May 3rd. The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $143.00 to $167.00 in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.29.

Intercontinental Exchange Stock Down 0.4 %

Shares of ICE opened at $136.89 on Monday. The firm has a market cap of $78.52 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $140.43. The company’s 50-day moving average price is $134.52 and its 200 day moving average price is $132.90. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

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

About Intercontinental Exchange

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.