Ensign Peak Advisors Inc Lowers Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Ensign Peak Advisors Inc decreased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,478,334 shares of the financial services provider’s stock after selling 121,054 shares during the period. Intercontinental Exchange accounts for about 0.6% of Ensign Peak Advisors Inc’s portfolio, making the stock its 29th largest position. Ensign Peak Advisors Inc owned 0.43% of Intercontinental Exchange worth $339,259,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Scarborough Advisors LLC bought a new position in Intercontinental Exchange in the fourth quarter worth approximately $25,000. Annapolis Financial Services LLC raised its position in shares of Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares in the last quarter. New Millennium Group LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter worth $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange during the second quarter valued at about $25,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Intercontinental Exchange in the first quarter valued at about $26,000. Institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the sale, the general counsel now owns 46,815 shares in the company, valued at approximately $6,397,737.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the transaction, the general counsel now owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James W. Namkung sold 1,043 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the sale, the chief accounting officer now directly owns 17,836 shares in the company, valued at $2,675,400. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,166 shares of company stock worth $9,768,190. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. The Goldman Sachs Group raised shares of 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, July 1st. JPMorgan Chase & Co. increased their price objective on Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.08.

Intercontinental Exchange Stock Up 0.6 %

ICE stock opened at $159.82 on Friday. The company has a market capitalization of $91.67 billion, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71. The firm’s fifty day simple moving average is $155.82 and its 200-day simple moving average is $142.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 earnings per share. As a group, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share 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.