Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 66,540 shares of the financial services provider’s stock after selling 725 shares during the quarter. Intercontinental Exchange comprises about 1.8% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 13th largest position. EagleClaw Capital Managment LLC’s holdings in Intercontinental Exchange were worth $10,689,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC increased its holdings in shares of Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. increased its stake in shares of Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 87 shares during the period. Fairscale Capital LLC bought a new stake in Intercontinental Exchange during the second quarter worth approximately $25,000. Finally, Capital Performance Advisors LLP acquired a new stake in Intercontinental Exchange in the third quarter worth approximately $29,000. Institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the transaction, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Martha A. Tirinnanzi sold 509 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total transaction of $80,920.82. Following the completion of the sale, the director now owns 3,958 shares of the company’s stock, valued at $629,242.84. The trade was a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock valued at $1,202,259 over the last three months. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 0.2 %

Shares of ICE traded up $0.24 during midday trading on Wednesday, reaching $157.93. 2,847,512 shares of the stock were exchanged, compared to its average volume of 2,577,285. The company has a market cap of $90.68 billion, a price-to-earnings ratio of 37.42, a P/E/G ratio of 2.57 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 12-month low of $110.64 and a 12-month high of $167.99. The firm has a 50 day simple moving average of $160.81 and a 200-day simple moving average of $150.63.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ICE shares. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a report on Monday, October 14th. TD Cowen assumed coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target for the company. Bank of America lifted their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group increased their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

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.