Intercontinental Exchange, Inc. (NYSE:ICE) is Long Road Investment Counsel LLC’s 10th Largest Position

Long Road Investment Counsel LLC raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,985 shares of the financial services provider’s stock after acquiring an additional 150 shares during the period. Intercontinental Exchange makes up 3.0% of Long Road Investment Counsel LLC’s portfolio, making the stock its 10th biggest position. Long Road Investment Counsel LLC’s holdings in Intercontinental Exchange were worth $6,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of 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 worth $2,105,994,000 after purchasing an additional 4,251,371 shares in the last quarter. Point72 Europe London LLP lifted its stake in shares of 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 worth $8,515,000 after purchasing an additional 6,500 shares in the last quarter. Perpetual Ltd lifted its stake in shares of Intercontinental Exchange by 0.4% during the first quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock worth $204,495,000 after purchasing an additional 6,272 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Intercontinental Exchange by 819.7% during the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock worth $18,764,000 after purchasing an additional 122,169 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Intercontinental Exchange by 7.0% in the first quarter. Russell Investments Group Ltd. now owns 317,544 shares of the financial services provider’s stock worth $43,617,000 after acquiring an additional 20,802 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the 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 completion of the transaction, the general counsel now directly owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,166 shares of company stock valued at $9,768,190. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays boosted their price target on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. boosted their price target on Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $158.08.

Intercontinental Exchange Stock Up 0.6 %

NYSE:ICE opened at $159.84 on Friday. The firm has a market capitalization of $91.68 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. The stock has a 50 day moving average of $155.82 and a 200-day moving average of $142.77. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $163.71. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last posted its 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 during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. Analysts predict that Intercontinental Exchange, Inc. will post 6.04 EPS 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.