Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 55.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,460 shares of the financial services provider’s stock after acquiring an additional 1,596 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Intercontinental Exchange were worth $611,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new position in Intercontinental Exchange in the fourth quarter valued at about $839,259,000. Wellington Management Group LLP lifted its holdings in shares of Intercontinental Exchange by 35.0% in the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after acquiring an additional 4,251,371 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Intercontinental Exchange by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock worth $6,978,218,000 after purchasing an additional 3,536,913 shares during the period. Capital World Investors increased its holdings in Intercontinental Exchange by 35.6% in the 4th quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock valued at $1,238,559,000 after purchasing an additional 2,530,119 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Intercontinental Exchange by 303.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider’s stock valued at $305,832,000 after purchasing an additional 1,790,493 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ICE shares. Barclays lifted their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Argus reiterated a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Citigroup increased their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $154.93.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $160.48 on Friday. The firm has a market capitalization of $92.05 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 2.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The business’s fifty day moving average price is $152.10 and its 200 day moving average price is $141.16. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion for 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 quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. On average, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 1,941 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $160.69, for a total transaction of $311,899.29. Following the transaction, the director now owns 26,908 shares of the company’s stock, valued at $4,323,846.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Judith A. Sprieser sold 1,941 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total transaction of $311,899.29. Following the transaction, the director now directly owns 26,908 shares in the company, valued at $4,323,846.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the sale, the chief accounting officer now directly owns 16,665 shares of the company’s stock, valued at $2,666,400. The disclosure for this sale can be found here. Insiders have sold 66,346 shares of company stock valued at $9,472,911 in the last ninety days. Insiders own 1.10% of the company’s stock.

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.