Johnson Investment Counsel Inc. Has $394,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Johnson Investment Counsel Inc. lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,877 shares of the financial services provider’s stock after buying an additional 139 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Intercontinental Exchange were worth $394,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ICE. Gilbert & Cook Inc. lifted its stake in shares of Intercontinental Exchange by 5.5% during the 4th quarter. Gilbert & Cook Inc. now owns 3,636 shares of the financial services provider’s stock worth $467,000 after buying an additional 188 shares during the last quarter. 9258 Wealth Management LLC lifted its stake in shares of Intercontinental Exchange by 29.9% during the 4th quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider’s stock worth $977,000 after buying an additional 1,752 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of Intercontinental Exchange by 38.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,356 shares of the financial services provider’s stock worth $511,000 after buying an additional 1,220 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Intercontinental Exchange by 13.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,876 shares of the financial services provider’s stock worth $1,525,000 after buying an additional 1,420 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Intercontinental Exchange by 14.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 64,554 shares of the financial services provider’s stock worth $8,291,000 after buying an additional 7,913 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In other news, CFO Warren Gardiner sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the sale, the chief executive officer now owns 1,179,993 shares of the company’s stock, valued at $167,181,408.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,096 shares of company stock worth $9,593,983. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ICE shares. Barclays raised their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price target for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $154.93.

Intercontinental Exchange Price Performance

ICE stock opened at $161.36 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71. The firm has a market cap of $92.55 billion, a P/E ratio of 37.01, a P/E/G ratio of 2.81 and a beta of 1.08. The company’s 50-day moving average price is $154.20 and its two-hundred day moving average price is $142.00.

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