Healthcare of Ontario Pension Plan Trust Fund Has $102.77 Million Position in Intercontinental Exchange Inc. $ICE

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 31.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 653,416 shares of the financial services provider’s stock after selling 293,124 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Intercontinental Exchange were worth $102,769,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Ares Financial Consulting LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at $25,000. Steph & Co. raised its position in shares of Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 89 shares during the last quarter. Brooklands Fund Management Ltd acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at $28,000. Swiss RE Ltd. acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at $28,000. Finally, Dorato Capital Management bought a new position in Intercontinental Exchange in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 1.9%

Shares of Intercontinental Exchange stock opened at $145.93 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $189.35. The business has a fifty day simple moving average of $139.50 and a 200 day simple moving average of $154.08. The stock has a market cap of $82.53 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.49 and a beta of 0.94.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Research analysts predict that Intercontinental Exchange Inc. will post 8.01 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $151.56, for a total transaction of $693,083.88. Following the completion of the transaction, the general counsel owned 45,473 shares in the company, valued at approximately $6,891,887.88. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mayur Kapani sold 4,271 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $155.42, for a total transaction of $663,798.82. Following the completion of the sale, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at $10,081,939.98. The trade was a 6.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,425 shares of company stock worth $2,046,324 over the last quarter. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of a number of research reports. Piper Sandler lowered their price objective on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. TD Cowen reduced their target price on shares of Intercontinental Exchange from $193.00 to $153.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Barclays reduced their target price on shares of Intercontinental Exchange from $201.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Finally, Rothschild & Co Redburn set a $177.00 price objective on shares of Intercontinental Exchange in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.58.

About Intercontinental Exchange

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.