California Public Employees Retirement System Trims Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

California Public Employees Retirement System reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,239,701 shares of the financial services provider’s stock after selling 17,606 shares during the quarter. California Public Employees Retirement System owned about 0.39% of Intercontinental Exchange worth $333,738,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $25,000. FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter worth approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in Intercontinental Exchange in the fourth quarter valued at $34,000. BankPlus Trust Department purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $40,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth $45,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 1.0 %

Shares of ICE opened at $174.65 on Friday. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The stock has a 50-day moving average price of $167.12 and a 200 day moving average price of $160.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $100.35 billion, a P/E ratio of 36.54, a P/E/G ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released 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%. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a 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 Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the transaction, the insider now owns 12,922 shares of the company’s stock, valued at $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the sale, the president now owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,563 shares of company stock valued at $10,998,990. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ICE shares. Barclays raised their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods lifted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

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.