Sciencast Management LP Boosts Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Sciencast Management LP grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,403 shares of the financial services provider’s stock after acquiring an additional 2,827 shares during the period. Intercontinental Exchange comprises 0.8% of Sciencast Management LP’s holdings, making the stock its 28th biggest position. Sciencast Management LP’s holdings in Intercontinental Exchange were worth $3,040,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ICE. TD Private Client Wealth LLC grew its position in Intercontinental Exchange by 2.5% during the 4th quarter. TD Private Client Wealth LLC now owns 18,334 shares of the financial services provider’s stock worth $2,732,000 after purchasing an additional 452 shares during the period. Lee Danner & Bass Inc. purchased a new stake in shares of Intercontinental Exchange in the fourth quarter worth about $34,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Intercontinental Exchange by 1.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 4,182 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 77 shares during the period. Douglass Winthrop Advisors LLC raised its position in Intercontinental Exchange by 2.0% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,202 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 100 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $255,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ICE. JPMorgan Chase & Co. dropped their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. UBS Group raised their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods upped their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays raised their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Trading Down 0.7 %

Shares of Intercontinental Exchange stock opened at $174.42 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $164.29 and its 200-day simple moving average is $160.09. The stock has a market cap of $100.22 billion, a P/E ratio of 36.49, a P/E/G 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 $175.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Insider Buying and Selling

In other news, President Benjamin Jackson sold 17,104 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the sale, the president now owns 155,174 shares of the company’s stock, valued at $25,855,091.88. This represents a 9.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,563 shares of company stock worth $10,998,990. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange 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.