Public Employees Retirement System of Ohio Sells 20,606 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Public Employees Retirement System of Ohio cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 7.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 266,289 shares of the financial services provider’s stock after selling 20,606 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Intercontinental Exchange were worth $36,596,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ICE. Annapolis Financial Services LLC lifted its holdings in Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the 1st quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC raised its holdings in shares of Intercontinental Exchange by 82.3% during the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 93 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Mayur Kapani sold 395 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $141.13, for a total transaction of $55,746.35. Following the completion of the sale, the chief technology officer now directly owns 64,471 shares in the company, valued at approximately $9,098,792.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the completion of the sale, the chief technology officer now directly owns 64,471 shares in the company, valued at $9,098,792.23. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the sale, the chief executive officer now owns 1,179,993 shares of the company’s stock, valued at $167,181,408.24. The disclosure for this sale can be found here. Insiders sold 64,992 shares of company stock worth $9,197,801 in the last three months. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ICE. Bank of America decreased their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Rosenblatt Securities reissued a “buy” rating and set a $164.00 target price on shares of Intercontinental Exchange in a research report on Friday, May 3rd. Keefe, Bruyette & Woods cut their target price on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Barclays boosted their target price on Intercontinental Exchange from $150.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Citigroup boosted their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $152.07.

Intercontinental Exchange Stock Up 0.1 %

Shares of ICE traded up $0.13 during midday trading on Monday, reaching $151.13. 658,879 shares of the stock were exchanged, compared to its average volume of 2,404,175. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $151.72. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $139.66 and its two-hundred day moving average is $135.68. The company has a market capitalization of $86.69 billion, a P/E ratio of 34.66, a PEG ratio of 2.68 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the company earned $1.41 EPS. The business’s revenue was up 20.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

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.