Morse Asset Management Inc raised its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 15.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,255 shares of the financial services provider’s stock after buying an additional 9,000 shares during the quarter. Intercontinental Exchange comprises 1.3% of Morse Asset Management Inc’s portfolio, making the stock its 22nd largest position. Morse Asset Management Inc’s holdings in Intercontinental Exchange were worth $4,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ICE. State of New Jersey Common Pension Fund D acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth approximately $6,889,000. Signaturefd LLC acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth approximately $142,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Intercontinental Exchange by 62.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,545 shares of the financial services provider’s stock worth $1,055,000 after purchasing an additional 5,601 shares during the period. BlackRock Inc. raised its position in shares of Intercontinental Exchange by 2.5% during the 1st quarter. BlackRock Inc. now owns 38,207,564 shares of the financial services provider’s stock worth $2,770,811,000 after purchasing an additional 935,860 shares during the period. Finally, Palisade Capital Management LLC NJ raised its position in shares of Intercontinental Exchange by 4.2% during the 1st quarter. Palisade Capital Management LLC NJ now owns 126,539 shares of the financial services provider’s stock worth $9,177,000 after purchasing an additional 5,121 shares during the period. Hedge funds and other institutional investors own 88.55% of the company’s stock.

Shares of ICE stock opened at $77.97 on Monday. Intercontinental Exchange Inc has a 12-month low of $64.91 and a 12-month high of $78.48. The company has a market capitalization of $43.77 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.98 and a quick ratio of 0.98.

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

A number of analysts have recently weighed in on ICE shares. ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Rosenblatt Securities started coverage on Intercontinental Exchange in a research report on Wednesday, September 5th. They set a “buy” rating and a $88.00 price target on the stock. FIX started coverage on Intercontinental Exchange in a research report on Wednesday, September 5th. They set a “buy” rating and a $88.00 price target on the stock. Compass Point started coverage on Intercontinental Exchange in a research report on Friday, June 22nd. They set a “buy” rating and a $85.00 price target on the stock. Finally, Zacks Investment Research upgraded Intercontinental Exchange from a “sell” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Wednesday, July 4th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $81.44.

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 80,000 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $73.28, for a total transaction of $5,862,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David S. Goone sold 10,402 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $78.01, for a total value of $811,460.02. The disclosure for this sale can be found here. Insiders sold a total of 288,259 shares of company stock valued at $21,554,161 over the last three months. Corporate insiders own 1.50% of the company’s stock.

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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