Osborn Williams & Donohoe LLC Has $1,203,000 Position in Intercontinental Exchange Inc. (ICE)

Osborn Williams & Donohoe LLC maintained its position in Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,250 shares of the financial services provider’s stock at the end of the second quarter. Osborn Williams & Donohoe LLC’s holdings in Intercontinental Exchange were worth $1,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICE. Norway Savings Bank boosted its position in Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock worth $108,000 after buying an additional 235 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock worth $138,000 after buying an additional 16 shares in the last quarter. Clearbridge Investments LLC boosted its position in Intercontinental Exchange by 117.0% in the first quarter. Clearbridge Investments LLC now owns 2,346 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,265 shares in the last quarter. Parallel Advisors LLC boosted its position in Intercontinental Exchange by 45.3% in the first quarter. Parallel Advisors LLC now owns 2,400 shares of the financial services provider’s stock worth $145,000 after buying an additional 748 shares in the last quarter. Finally, Howard Hughes Medical Institute acquired a new position in Intercontinental Exchange during the first quarter worth approximately $182,000. 89.50% of the stock is currently owned by institutional investors.

Shares of Intercontinental Exchange Inc. (NYSE:ICE) opened at 65.73 on Thursday. The company has a market cap of $7.56 billion, a P/E ratio of 25.38 and a beta of 0.71. The firm has a 50-day moving average price of $65.76 and a 200-day moving average price of $61.39. Intercontinental Exchange Inc. has a 1-year low of $52.27 and a 1-year high of $67.48.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. On average, equities analysts expect that Intercontinental Exchange Inc. will post $2.94 EPS for the current year.

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ICE has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Intercontinental Exchange in a report on Monday, July 17th. Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, July 13th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $65.50 price target on shares of Intercontinental Exchange in a report on Wednesday, April 12th. Deutsche Bank AG reissued a “buy” rating and issued a $66.00 price target (down from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. Finally, BidaskClub raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Intercontinental Exchange currently 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles A. Vice sold 12,500 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $66.93, for a total value of $836,625.00. Following the completion of the sale, the insider now directly owns 382,471 shares of the company’s stock, valued at approximately $25,598,784.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 166,389 shares of company stock worth $10,279,500. Company 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.