Bryce Point Capital LLC Buys Shares of 3,706 Intercontinental Exchange, Inc. (NYSE:ICE)

Bryce Point Capital LLC bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,706 shares of the financial services provider’s stock, valued at approximately $552,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Edgestream Partners L.P. purchased a new stake in shares of Intercontinental Exchange in the third quarter worth approximately $516,000. Atom Investors LP acquired a new position in shares of Intercontinental Exchange in the third quarter worth $305,000. Benjamin Edwards Inc. raised its holdings in shares of Intercontinental Exchange by 150.4% during the third quarter. Benjamin Edwards Inc. now owns 7,191 shares of the financial services provider’s stock worth $1,155,000 after acquiring an additional 4,319 shares in the last quarter. Centiva Capital LP boosted its position in Intercontinental Exchange by 114.0% during the third quarter. Centiva Capital LP now owns 8,883 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 4,733 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new position in Intercontinental Exchange in the third quarter valued at about $1,405,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.6 %

NYSE ICE opened at $170.43 on Thursday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The stock has a market cap of $97.92 billion, a PE ratio of 35.65, a PEG ratio of 2.10 and a beta of 1.08. The firm has a 50-day simple moving average of $168.31 and a 200 day simple moving average of $160.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS 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%. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

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

Insider Activity

In other Intercontinental Exchange news, insider Lynn C. Martin sold 4,155 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total transaction of $688,068.00. Following the sale, the insider now directly owns 57,376 shares of the company’s stock, valued at approximately $9,501,465.60. The trade was a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,563 shares of company stock worth $10,998,990. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ICE shares. Barclays lifted their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Bank of America decreased their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $182.47.

About Intercontinental Exchange

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.