Intercontinental Exchange Inc (NYSE:ICE) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado trimmed its position in Intercontinental Exchange Inc (NYSE:ICE) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,371,906 shares of the financial services provider’s stock after selling 1,840 shares during the quarter. Intercontinental Exchange makes up 0.8% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 28th largest position. Public Employees Retirement Association of Colorado’s holdings in Intercontinental Exchange were worth $126,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Park National Corp OH increased its position in Intercontinental Exchange by 0.5% during the second quarter. Park National Corp OH now owns 153,890 shares of the financial services provider’s stock worth $13,225,000 after purchasing an additional 835 shares during the last quarter. WINTON GROUP Ltd increased its position in Intercontinental Exchange by 21.8% during the second quarter. WINTON GROUP Ltd now owns 33,932 shares of the financial services provider’s stock worth $2,916,000 after purchasing an additional 6,074 shares during the last quarter. Carroll Financial Associates Inc. increased its position in Intercontinental Exchange by 51.3% during the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 122 shares during the last quarter. EFG Asset Management Americas Corp. increased its position in Intercontinental Exchange by 1.8% during the second quarter. EFG Asset Management Americas Corp. now owns 77,736 shares of the financial services provider’s stock worth $6,681,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Contravisory Investment Management Inc. increased its position in Intercontinental Exchange by 23.2% during the second quarter. Contravisory Investment Management Inc. now owns 855 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Several equities analysts recently commented on ICE shares. Barclays set a $104.00 price target on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research report on Sunday, November 3rd. JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $97.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Citigroup set a $101.00 price objective on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research note on Monday, October 21st. Wells Fargo & Co reiterated a “hold” rating on shares of Intercontinental Exchange in a research note on Thursday, October 31st. Finally, Oppenheimer began coverage on shares of Intercontinental Exchange in a research note on Monday, September 16th. They set an “outperform” rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Intercontinental Exchange currently has an average rating of “Buy” and a consensus price target of $95.46.

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ICE traded down $0.17 during trading on Friday, hitting $90.47. 2,029,000 shares of the company’s stock were exchanged, compared to its average volume of 2,434,733. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.39. Intercontinental Exchange Inc has a 1 year low of $69.69 and a 1 year high of $95.56. The stock has a 50 day moving average price of $92.85 and a 200 day moving average price of $88.68. The firm has a market cap of $49.79 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 2.77 and a beta of 0.49.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.11. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Intercontinental Exchange had a net margin of 31.97% and a return on equity of 12.79%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. Analysts forecast that Intercontinental Exchange Inc will post 3.9 earnings per share for the current fiscal year.

In other news, General Counsel Andrew J. Surdykowski sold 1,100 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $93.82, for a total value of $103,202.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $92.41, for a total transaction of $3,696,400.00. The disclosure for this sale can be found here. Insiders sold 123,040 shares of company stock valued at $11,459,809 over the last 90 days. Insiders own 1.50% of the company’s stock.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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