Flputnam Investment Management Co. Sells 10,337 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Flputnam Investment Management Co. lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,971 shares of the financial services provider’s stock after selling 10,337 shares during the period. Flputnam Investment Management Co.’s holdings in Intercontinental Exchange were worth $5,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp purchased a new position in shares of Intercontinental Exchange during the 3rd quarter worth $26,000. OFI Invest Asset Management purchased a new position in shares of Intercontinental Exchange during the 3rd quarter worth $25,000. BKM Wealth Management LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth $31,000. Finally, First Capital Advisors Group LLC. purchased a new position in shares of Intercontinental Exchange during the 2nd quarter worth $35,000. Institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the transaction, the chief executive officer now owns 1,179,895 shares in the company, valued at approximately $161,893,392.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Warren Gardiner sold 500 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $138.83, for a total value of $69,415.00. Following the sale, the chief financial officer now owns 18,326 shares in the company, valued at $2,544,198.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the sale, the chief executive officer now owns 1,179,895 shares in the company, valued at approximately $161,893,392.95. The disclosure for this sale can be found here. Insiders sold 157,491 shares of company stock valued at $21,454,204 over the last 90 days. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ICE shares. JPMorgan Chase & Co. lifted their price target on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $152.00 target price on shares of Intercontinental Exchange in a research note on Thursday, April 4th. UBS Group lifted their target price on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Rosenblatt Securities boosted their target price on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.08.

Intercontinental Exchange Trading Down 0.2 %

NYSE:ICE traded down $0.25 during mid-day trading on Tuesday, hitting $130.29. 160,788 shares of the stock traded hands, compared to its average volume of 2,370,492. The stock has a market capitalization of $74.61 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 2.11 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a 52 week low of $103.81 and a 52 week high of $140.43. The firm’s 50 day moving average is $136.30 and its two-hundred day moving average is $124.03.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The company’s revenue was up 24.5% compared to the same quarter last year. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 5.98 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.45 per share. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.38%. Intercontinental Exchange’s dividend payout ratio is presently 42.86%.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.