AXQ Capital LP Takes Position in Intercontinental Exchange, Inc. (NYSE:ICE)

AXQ Capital LP bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,495 shares of the financial services provider's stock, valued at approximately $1,564,000. Intercontinental Exchange accounts for about 0.7% of AXQ Capital LP's holdings, making the stock its 12th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in Intercontinental Exchange by 10.5% during the fourth quarter. Sei Investments Co. now owns 477,792 shares of the financial services provider's stock worth $71,197,000 after purchasing an additional 45,291 shares during the last quarter. Geo Capital Gestora de Recursos Ltd grew its position in Intercontinental Exchange by 1.6% during the 4th quarter. Geo Capital Gestora de Recursos Ltd now owns 32,111 shares of the financial services provider's stock worth $4,785,000 after acquiring an additional 511 shares during the last quarter. Mizuho Securities USA LLC increased its stake in shares of Intercontinental Exchange by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 54,419 shares of the financial services provider's stock valued at $8,109,000 after buying an additional 17,189 shares during the period. Quantbot Technologies LP increased its position in Intercontinental Exchange by 176.0% in the 4th quarter. Quantbot Technologies LP now owns 70,215 shares of the financial services provider's stock valued at $10,463,000 after acquiring an additional 44,772 shares during the period. Finally, Sciencast Management LP grew its position in shares of Intercontinental Exchange by 16.1% in the 4th quarter. Sciencast Management LP now owns 20,403 shares of the financial services provider's stock valued at $3,040,000 after buying an additional 2,827 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

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Insider Buying and Selling at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 5,661 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares of the company's stock, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the sale, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock valued at $10,998,990 over the last three months. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded up $0.06 on Wednesday, reaching $175.69. 2,575,102 shares of the company traded hands, compared to its average volume of 2,601,768. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $100.95 billion, a PE ratio of 36.76, a PEG ratio of 2.10 and a beta of 1.08. The company has a 50 day moving average of $166.08 and a 200 day moving average of $160.37. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $176.74.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ICE. Barclays lifted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. UBS Group increased their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $178.80.

Intercontinental Exchange Company 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.