Intercontinental Exchange, Inc. (NYSE:ICE) Position Lessened by Cantillon Capital Management LLC

Cantillon Capital Management LLC reduced its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,534,446 shares of the financial services provider's stock after selling 105,375 shares during the quarter. Intercontinental Exchange makes up about 3.5% of Cantillon Capital Management LLC's portfolio, making the stock its 8th biggest holding. Cantillon Capital Management LLC owned 0.62% of Intercontinental Exchange worth $567,773,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in Intercontinental Exchange by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider's stock valued at $609,609,000 after purchasing an additional 191,763 shares during the period. Clearbridge Investments LLC boosted its stake in Intercontinental Exchange by 10.4% in the 2nd quarter. Clearbridge Investments LLC now owns 3,019,195 shares of the financial services provider's stock valued at $413,298,000 after purchasing an additional 284,664 shares during the period. Raymond James & Associates boosted its stake in Intercontinental Exchange by 11.1% in the 3rd quarter. Raymond James & Associates now owns 2,535,785 shares of the financial services provider's stock valued at $407,348,000 after purchasing an additional 253,324 shares during the period. AGF Management Ltd. boosted its stake in Intercontinental Exchange by 11.0% in the 2nd quarter. AGF Management Ltd. now owns 2,208,036 shares of the financial services provider's stock valued at $302,258,000 after purchasing an additional 218,516 shares during the period. Finally, Marshall Wace LLP raised its holdings in Intercontinental Exchange by 14.8% in the 2nd quarter. Marshall Wace LLP now owns 2,117,501 shares of the financial services provider's stock valued at $289,865,000 after acquiring an additional 273,003 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 468 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares of the company's stock, valued at approximately $2,202,819.30. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martha A. Tirinnanzi sold 509 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the transaction, the director now directly owns 3,958 shares of the company's stock, valued at approximately $629,242.84. This trade represents a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock valued at $1,202,259 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Trading Up 0.2 %

Shares of NYSE ICE traded up $0.24 during trading on Tuesday, reaching $157.93. The company had a trading volume of 2,847,512 shares, compared to its average volume of 2,577,285. The company's fifty day moving average price is $160.81 and its 200-day moving average price is $150.63. Intercontinental Exchange, Inc. has a 12 month low of $110.64 and a 12 month high of $167.99. The stock has a market cap of $90.68 billion, a P/E ratio of 37.42, a PEG 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 (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company earned $1.46 EPS. The firm's revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ICE shares. Morgan Stanley lifted their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Barclays dropped their price objective on Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating for the company in a report on Friday, November 1st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Friday, November 1st. Finally, Raymond James cut Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target for the company. in a report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $174.13.

About Intercontinental Exchange

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.