William Blair Investment Management LLC Sells 47,282 Shares of Intercontinental Exchange Inc. $ICE

William Blair Investment Management LLC decreased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 49.3% during the third quarter, HoldingsChannel.com reports. The firm owned 48,528 shares of the financial services provider’s stock after selling 47,282 shares during the quarter. William Blair Investment Management LLC’s holdings in Intercontinental Exchange were worth $8,176,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $1,542,780,000. Sands Capital Management LLC grew its stake in shares of Intercontinental Exchange by 97.3% in the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock worth $974,783,000 after acquiring an additional 2,620,310 shares during the period. C WorldWide Group Holding A S raised its holdings in shares of Intercontinental Exchange by 29,199.5% during the second quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock valued at $303,129,000 after purchasing an additional 1,646,562 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in Intercontinental Exchange by 179.1% in the third quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock worth $416,544,000 after purchasing an additional 1,586,620 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Intercontinental Exchange by 55.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,781,542 shares of the financial services provider’s stock worth $510,330,000 after purchasing an additional 994,316 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Christopher Scott Edmonds sold 11,303 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $153.82, for a total value of $1,738,627.46. Following the sale, the insider directly owned 14,266 shares in the company, valued at approximately $2,194,396.12. The trade was a 44.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $154.00, for a total value of $383,460.00. Following the completion of the sale, the chief financial officer directly owned 27,679 shares in the company, valued at approximately $4,262,566. The trade was a 8.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 359,063 shares of company stock worth $55,879,604 in the last 90 days. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Trading Down 0.0%

Shares of ICE stock opened at $164.74 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day simple moving average of $164.59 and a two-hundred day simple moving average of $163.06. The firm has a market capitalization of $93.56 billion, a PE ratio of 28.55, a PEG ratio of 1.72 and a beta of 1.03. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. On average, analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is currently 33.28%.

Analyst Ratings Changes

A number of analysts recently commented on ICE shares. Raymond James Financial reiterated a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Barclays set a $193.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Finally, Morgan Stanley set a $183.00 target price on Intercontinental Exchange and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $195.40.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.