Geo Capital Gestora de Recursos Ltd Sells 11,561 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Geo Capital Gestora de Recursos Ltd lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 14.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 67,818 shares of the financial services provider’s stock after selling 11,561 shares during the period. Intercontinental Exchange accounts for approximately 9.7% of Geo Capital Gestora de Recursos Ltd’s portfolio, making the stock its 2nd largest position. Geo Capital Gestora de Recursos Ltd’s holdings in Intercontinental Exchange were worth $8,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Intercontinental Exchange by 2.2% during the third quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock worth $5,162,041,000 after acquiring an additional 1,012,034 shares in the last quarter. Wellington Management Group LLP boosted its stake in Intercontinental Exchange by 219.8% during the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after acquiring an additional 8,348,126 shares in the last quarter. Capital World Investors boosted its stake in Intercontinental Exchange by 35.6% during the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock worth $1,238,559,000 after acquiring an additional 2,530,119 shares in the last quarter. Parnassus Investments LLC boosted its stake in Intercontinental Exchange by 23.8% during the fourth quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock worth $1,082,646,000 after acquiring an additional 1,621,737 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Intercontinental Exchange by 3.9% during the third quarter. Northern Trust Corp now owns 7,567,921 shares of the financial services provider’s stock worth $832,623,000 after acquiring an additional 282,963 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE ICE traded up $0.41 during trading hours on Friday, reaching $135.67. 1,515,311 shares of the company were exchanged, compared to its average volume of 1,946,882. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $140.43. The business’s 50 day simple moving average is $133.59 and its 200-day simple moving average is $131.22. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $77.82 billion, a P/E ratio of 31.12, a P/E/G ratio of 2.53 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company posted $1.41 earnings per share. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current year.

Insider Buying and Selling

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was purchased at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the transaction, the insider now directly owns 649,934 shares of the company’s stock, valued at $565,442.58. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the completion of the transaction, the director now owns 28,849 shares in the company, valued at $3,882,209.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were acquired at an average price of $0.87 per share, with a total value of $305,265.60. Following the transaction, the insider now directly 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 90 days, insiders sold 63,234 shares of company stock worth $8,668,823. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Citigroup upped their price objective on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $164.00 price objective on shares of Intercontinental Exchange in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.29.

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.