Price T Rowe Associates Inc. MD Reduces Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Price T Rowe Associates Inc. MD lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,405,057 shares of the financial services provider’s stock after selling 34,923 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.42% of Intercontinental Exchange worth $330,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Scarborough Advisors LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC grew its stake in Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in Intercontinental Exchange in the first quarter worth $26,000. Stuart Chaussee & Associates Inc. bought a new position in Intercontinental Exchange in the fourth quarter worth $28,000. Finally, Venturi Wealth Management LLC lifted its position in Intercontinental Exchange by 82.3% during the first quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock valued at $28,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,267 shares of Intercontinental Exchange stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the sale, the director now owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Judith A. Sprieser sold 2,267 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total value of $305,070.19. Following the transaction, the director now owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the sale, the insider now directly owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,992 shares of company stock worth $9,197,801. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 1.3 %

NYSE:ICE traded up $1.97 on Friday, reaching $151.00. 2,066,933 shares of the stock traded hands, compared to its average volume of 2,815,487. The company has a market capitalization of $86.61 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 2.68 and a beta of 1.06. 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, Inc. has a 12 month low of $104.49 and a 12 month high of $151.72. The company’s fifty day simple moving average is $139.66 and its 200 day simple moving average is $135.62.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 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 firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the business posted $1.41 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. Equities analysts predict that Intercontinental Exchange, Inc. will post 6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ICE shares. Argus reiterated a “buy” rating and issued a $153.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Bank of America dropped their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price objective for the company from $143.00 to $167.00 in a research report on Monday, July 1st. Finally, Keefe, Bruyette & Woods dropped their target price on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $152.07.

Intercontinental Exchange Company 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.