Caisse DE Depot ET Placement DU Quebec decreased its stake in Intercontinental Exchange Inc (NYSE:ICE) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,350 shares of the financial services provider’s stock after selling 3,100 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Intercontinental Exchange were worth $3,115,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Traynor Capital Management Inc. boosted its stake in Intercontinental Exchange by 15.4% in the 2nd quarter. Traynor Capital Management Inc. now owns 5,309 shares of the financial services provider’s stock valued at $391,000 after buying an additional 707 shares in the last quarter. World Asset Management Inc boosted its stake in Intercontinental Exchange by 2.0% in the 2nd quarter. World Asset Management Inc now owns 37,002 shares of the financial services provider’s stock valued at $2,721,000 after buying an additional 709 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in Intercontinental Exchange by 14.1% in the 2nd quarter. Motley Fool Asset Management LLC now owns 6,153 shares of the financial services provider’s stock valued at $453,000 after buying an additional 761 shares in the last quarter. Green Square Capital LLC boosted its stake in Intercontinental Exchange by 9.3% in the 1st quarter. Green Square Capital LLC now owns 8,986 shares of the financial services provider’s stock valued at $652,000 after buying an additional 767 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in Intercontinental Exchange by 4.5% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 18,206 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 781 shares in the last quarter. 88.55% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on the company. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Rosenblatt Securities assumed coverage on Intercontinental Exchange in a research note on Wednesday, September 5th. They issued a “buy” rating and a $88.00 price target on the stock. FIX started coverage on Intercontinental Exchange in a research note on Wednesday, September 5th. They issued a “buy” rating and a $88.00 price target on the stock. Zacks Investment Research raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup boosted their price objective on Intercontinental Exchange from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 18th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus target price of $81.44.

In other news, insider David S. Goone sold 10,402 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $78.01, for a total transaction of $811,460.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 80,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $73.28, for a total value of $5,862,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 291,654 shares of company stock valued at $21,805,629. 1.50% of the stock is currently owned by corporate insiders.

Intercontinental Exchange stock opened at $76.33 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $44.79 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. Intercontinental Exchange Inc has a 52 week low of $64.91 and a 52 week high of $78.48.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. research analysts anticipate that Intercontinental Exchange Inc will post 3.48 earnings per share for the current year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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

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