Machina Capital S.A.S. Sells 1,197 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Machina Capital S.A.S. lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,040 shares of the financial services provider’s stock after selling 1,197 shares during the quarter. Intercontinental Exchange accounts for approximately 1.1% of Machina Capital S.A.S.’s holdings, making the stock its 6th largest holding. Machina Capital S.A.S.’s holdings in Intercontinental Exchange were worth $2,688,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Advisors LLC raised its position in shares of Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock valued at $201,000 after buying an additional 66 shares in the last quarter. Commons Capital LLC raised its position in shares of Intercontinental Exchange by 1.2% in the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock valued at $886,000 after buying an additional 69 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Intercontinental Exchange by 2.2% in the fourth quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider’s stock valued at $475,000 after buying an additional 70 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in shares of Intercontinental Exchange by 3.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider’s stock valued at $294,000 after buying an additional 70 shares in the last quarter. Finally, Sprott Inc. raised its position in shares of Intercontinental Exchange by 2.4% in the fourth quarter. Sprott Inc. now owns 3,085 shares of the financial services provider’s stock valued at $460,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,268 shares of company stock worth $11,262,789 in the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ICE shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Barclays boosted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $170.40 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $159.46 and a two-hundred day moving average price of $159.28. The company has a market cap of $97.91 billion, a P/E ratio of 35.65, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $175.41.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.13%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Intercontinental Exchange Company Profile

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.