Bowman & Co S.C. Has $336,000 Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Bowman & Co S.C. lessened its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 75.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,255 shares of the financial services provider's stock after selling 7,009 shares during the quarter. Bowman & Co S.C.'s holdings in Intercontinental Exchange were worth $336,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its stake in Intercontinental Exchange by 37.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 31,728 shares of the financial services provider's stock valued at $4,348,000 after purchasing an additional 8,714 shares in the last quarter. Intech Investment Management LLC grew its stake in Intercontinental Exchange by 1.2% in the second quarter. Intech Investment Management LLC now owns 15,527 shares of the financial services provider's stock valued at $2,125,000 after purchasing an additional 189 shares in the last quarter. Ieq Capital LLC grew its stake in Intercontinental Exchange by 9.2% in the second quarter. Ieq Capital LLC now owns 26,919 shares of the financial services provider's stock valued at $3,685,000 after purchasing an additional 2,265 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Intercontinental Exchange by 139.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,634 shares of the financial services provider's stock valued at $497,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Intercontinental Exchange by 253.5% in the second quarter. Canada Pension Plan Investment Board now owns 462,350 shares of the financial services provider's stock valued at $63,291,000 after purchasing an additional 331,574 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Shares of ICE traded down $1.16 during trading hours on Friday, hitting $149.07. 3,301,963 shares of the company were exchanged, compared to its average volume of 2,416,945. The company has a market cap of $85.59 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.29 and a beta of 1.10. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99. 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's fifty day moving average is $153.20 and its 200 day moving average is $155.63.

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, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion for 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%. Intercontinental Exchange's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 EPS. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods decreased their price target on Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group lifted their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Bank of America lifted their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average price target of $175.27.

Insider Transactions at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This represents a 7.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now owns 44,702 shares of the company's stock, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is owned by corporate 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.