Schmidt P J Investment Management Inc. raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,525 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Intercontinental Exchange were worth $1,023,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Liberty Capital Management Inc. raised its position in Intercontinental Exchange by 58.7% in the first quarter. Liberty Capital Management Inc. now owns 11,644 shares of the financial services provider’s stock valued at $697,000 after buying an additional 4,309 shares during the period. Park National Corp OH increased its stake in Intercontinental Exchange by 26.1% in the first quarter. Park National Corp OH now owns 58,817 shares of the financial services provider’s stock valued at $3,522,000 after buying an additional 12,191 shares in the last quarter. Macquarie Group Ltd. increased its stake in Intercontinental Exchange by 379.4% in the fourth quarter. Macquarie Group Ltd. now owns 3,398,113 shares of the financial services provider’s stock valued at $191,722,000 after buying an additional 2,689,297 shares in the last quarter. Highbridge Capital Management LLC increased its stake in Intercontinental Exchange by 123.7% in the fourth quarter. Highbridge Capital Management LLC now owns 29,613 shares of the financial services provider’s stock valued at $1,671,000 after buying an additional 16,373 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Intercontinental Exchange during the fourth quarter valued at about $1,088,000. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
Intercontinental Exchange Inc. (ICE) traded down 0.39% on Wednesday, reaching $67.02. The company had a trading volume of 1,783,965 shares. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 25.88 and a beta of 0.71. The firm has a 50 day moving average price of $65.64 and a 200-day moving average price of $61.09. Intercontinental Exchange Inc. has a 12 month low of $52.27 and a 12 month high of $67.48.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Intercontinental Exchange had a net margin of 26.48% and a return on equity of 10.67%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.68 EPS. Analysts forecast that Intercontinental Exchange Inc. will post $3.01 earnings per share for the current fiscal year.
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ICE has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Jefferies Group LLC restated a “buy” rating and set a $70.00 price objective on shares of Intercontinental Exchange in a research report on Monday, April 10th. Keefe, Bruyette & Woods restated a “buy” rating and set a $65.50 price objective on shares of Intercontinental Exchange in a research report on Wednesday, April 12th. Deutsche Bank AG reiterated a “buy” rating and set a $66.00 price target (down previously from $67.00) on shares of Intercontinental Exchange in a research report on Monday, May 15th. Finally, Royal Bank Of Canada set a $61.00 price target on Intercontinental Exchange and gave the stock a “hold” rating in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $67.49.
In other Intercontinental Exchange news, Director William Jefferson Hague sold 1,150 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.94, for a total value of $68,931.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles A. Vice sold 15,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $60.37, for a total transaction of $905,550.00. Following the completion of the sale, the insider now owns 384,971 shares of the company’s stock, valued at approximately $23,240,699.27. The disclosure for this sale can be found here. Insiders have sold a total of 153,889 shares of company stock worth $9,442,875 in the last three months. Insiders own 1.50% of the company’s stock.
Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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