Artemis Investment Management LLP Sells 55,565 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Artemis Investment Management LLP cut its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 226,417 shares of the financial services provider's stock after selling 55,565 shares during the quarter. Artemis Investment Management LLP's holdings in Intercontinental Exchange were worth $33,738,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Intercontinental Exchange by 1.2% during the 3rd quarter. State Street Corp now owns 23,651,598 shares of the financial services provider's stock worth $3,799,393,000 after purchasing an additional 281,503 shares during the period. Geode Capital Management LLC lifted its stake in Intercontinental Exchange by 1.5% in the third quarter. Geode Capital Management LLC now owns 11,555,615 shares of the financial services provider's stock valued at $1,848,868,000 after buying an additional 169,922 shares during the last quarter. FMR LLC boosted its holdings in shares of Intercontinental Exchange by 44.1% during the third quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock valued at $1,260,449,000 after acquiring an additional 2,401,630 shares during the period. Parnassus Investments LLC grew its position in shares of Intercontinental Exchange by 4.0% during the third quarter. Parnassus Investments LLC now owns 7,838,727 shares of the financial services provider's stock worth $1,259,213,000 after acquiring an additional 299,037 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Intercontinental Exchange by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider's stock worth $865,455,000 after acquiring an additional 390,332 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ICE. StockNews.com lowered shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $175.27.

Intercontinental Exchange Trading Down 0.8 %

Shares of ICE stock traded down $1.16 during trading hours on Monday, reaching $149.07. 3,301,963 shares of the stock traded hands, compared to its average volume of 2,416,945. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $85.59 billion, a PE ratio of 35.33, a PEG ratio of 2.29 and a beta of 1.10. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The business has a fifty day moving average price of $153.20 and a 200 day moving average price of $155.73.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.55. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 earnings per share. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.06 EPS for the current year.

Insiders Place Their Bets

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 transaction of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares of the company's stock, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares of the company's stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,795 shares of company stock worth $2,120,572. 1.10% of the stock is currently owned by company insiders.

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.