Morse Asset Management Inc boosted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 11.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,525 shares of the financial services provider’s stock after buying an additional 7,450 shares during the period. Intercontinental Exchange accounts for approximately 1.6% of Morse Asset Management Inc’s portfolio, making the stock its 14th largest position. Morse Asset Management Inc’s holdings in Intercontinental Exchange were worth $4,913,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its position in shares of 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 valued at $138,000 after buying an additional 16 shares in the last quarter. Emerald Advisers Inc. PA increased its position in shares of Intercontinental Exchange by 0.3% in the first quarter. Emerald Advisers Inc. PA now owns 12,720 shares of the financial services provider’s stock valued at $762,000 after buying an additional 39 shares in the last quarter. FCG Advisors LLC increased its position in shares of Intercontinental Exchange by 1.1% in the first quarter. FCG Advisors LLC now owns 6,125 shares of the financial services provider’s stock valued at $367,000 after buying an additional 65 shares in the last quarter. Aspen Investment Management Inc increased its position in shares of Intercontinental Exchange by 0.8% in the first quarter. Aspen Investment Management Inc now owns 8,770 shares of the financial services provider’s stock valued at $525,000 after buying an additional 70 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Intercontinental Exchange by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the financial services provider’s stock valued at $2,419,000 after buying an additional 100 shares in the last quarter. 89.50% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Inc. (NYSE:ICE) opened at 65.73 on Thursday. The company has a market capitalization 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 of $65.76 and a 200-day moving average of $61.39. Intercontinental Exchange Inc. has a 52 week low of $52.27 and a 52 week high of $67.48.

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

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Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Thursday, July 13th. Royal Bank Of Canada raised shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $70.00 in a report on Thursday, July 13th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $65.50 price target on shares of Intercontinental Exchange in a report on Wednesday, April 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Intercontinental Exchange in a report on Monday, July 17th. 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 target price of $67.49.

In other news, insider Charles A. Vice sold 15,000 shares of the stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $66.33, for a total value of $994,950.00. Following the completion of the transaction, the insider now owns 384,971 shares of the company’s stock, valued at $25,535,126.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles A. Vice sold 12,500 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total transaction of $836,625.00. Following the completion of the transaction, 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. Insiders sold 166,389 shares of company stock valued at $10,279,500 in the last three months. 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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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