Healthcare of Ontario Pension Plan Trust Fund Purchases 439,280 Shares of Intercontinental Exchange Inc. $ICE

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 86.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 946,540 shares of the financial services provider’s stock after acquiring an additional 439,280 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Intercontinental Exchange were worth $153,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $2,552,000. Dixon Mitchell Investment Counsel Inc. raised its holdings in shares of Intercontinental Exchange by 7.0% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 705,283 shares of the financial services provider’s stock valued at $114,312,000 after acquiring an additional 46,417 shares in the last quarter. Dockside LLC bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $2,932,000. Entropy Technologies LP bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $1,315,000. Finally, Brasada Capital Management LP bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $1,484,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Up 0.9%

Intercontinental Exchange stock opened at $140.26 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 12 month low of $136.67 and a 12 month high of $189.35. The stock’s 50 day simple moving average is $154.22 and its two-hundred day simple moving average is $159.27. The firm has a market cap of $79.32 billion, a PE ratio of 20.42, a P/E/G ratio of 1.35 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the firm posted $1.72 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts anticipate that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on ICE. Keefe, Bruyette & Woods began coverage on shares of Intercontinental Exchange in a report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 target price for the company. Piper Sandler reiterated an “overweight” rating and issued a $211.00 target price (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. Rothschild & Co Redburn set a $177.00 target price on Intercontinental Exchange in a research report on Thursday. Barclays reiterated an “overweight” rating and issued a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research report on Friday, May 1st. Finally, Morgan Stanley upped their target price on Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.00.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total value of $693,083.88. Following the sale, the general counsel owned 45,473 shares in the company, valued at approximately $6,891,887.88. This represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sharon Bowen sold 667 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total value of $100,903.76. Following the completion of the sale, the director owned 15,077 shares in the company, valued at approximately $2,280,848.56. This represents a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 12,092 shares of company stock worth $1,860,424. 0.84% of the stock is currently owned by company insiders.

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.