Strs Ohio decreased its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 8.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,185,375 shares of the financial services provider’s stock after selling 103,489 shares during the period. Strs Ohio owned 1.03% of Intercontinental Exchange worth $78,139,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in ICE. Gulf International Bank UK Ltd boosted its stake in Intercontinental Exchange by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 180,495 shares of the financial services provider’s stock valued at $10,806,000 after buying an additional 2,275 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its stake in Intercontinental Exchange by 1.0% in the first quarter. Stock Yards Bank & Trust Co. now owns 189,239 shares of the financial services provider’s stock valued at $11,330,000 after buying an additional 1,783 shares in the last quarter. Trust Co. of Oklahoma boosted its stake in Intercontinental Exchange by 1.6% in the first quarter. Trust Co. of Oklahoma now owns 11,320 shares of the financial services provider’s stock valued at $678,000 after buying an additional 181 shares in the last quarter. Creative Planning boosted its stake in Intercontinental Exchange by 10.8% in the first quarter. Creative Planning now owns 8,526 shares of the financial services provider’s stock valued at $510,000 after buying an additional 832 shares in the last quarter. Finally, Boltwood Capital Management boosted its stake in Intercontinental Exchange by 7.3% in the first quarter. Boltwood Capital Management now owns 25,700 shares of the financial services provider’s stock valued at $1,538,000 after buying an additional 1,750 shares in the last quarter. 89.50% of the stock is owned by institutional investors and hedge funds.
Shares of Intercontinental Exchange Inc. (NYSE:ICE) traded up 0.57% on Wednesday, hitting $64.92. The company had a trading volume of 177,389 shares. The stock has a market capitalization of $7.47 billion, a PE ratio of 25.07 and a beta of 0.71. The firm’s 50 day moving average price is $65.74 and its 200-day moving average price is $61.19. Intercontinental Exchange Inc. has a 52 week low of $52.27 and a 52 week high of $67.48.
Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. Analysts forecast that Intercontinental Exchange Inc. will post $2.94 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This story was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://stocknewstimes.com/2017/08/09/intercontinental-exchange-inc-ice-position-decreased-by-strs-ohio-updated.html.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Thursday, July 13th. Royal Bank Of Canada raised Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $65.00 to $70.00 in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and issued a $73.00 price objective (up previously from $70.00) on shares of Intercontinental Exchange in a research note on Monday, July 17th. BidaskClub cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. assumed coverage on Intercontinental Exchange in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Intercontinental Exchange presently has an average rating of “Buy” and a consensus price target of $67.49.
In related news, Director William Jefferson Hague sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.94, for a total value of $68,931.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 3,365 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $58.65, for a total value of $197,357.25. The disclosure for this sale can be found here. Insiders sold a total of 166,389 shares of company stock worth $10,279,500 in the last 90 days. 1.50% of the stock is currently owned by company insiders.
About Intercontinental Exchange
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.
Receive News & Ratings for Intercontinental Exchange Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
