Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,898 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,087 shares of the financial services provider's stock after selling 2,898 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Intercontinental Exchange were worth $18,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in Intercontinental Exchange by 1.2% during the third 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Intercontinental Exchange by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 11,555,615 shares of the financial services provider's stock worth $1,848,868,000 after buying an additional 169,922 shares in the last quarter. FMR LLC lifted its position in shares of Intercontinental Exchange by 44.1% during the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock worth $1,260,449,000 after buying an additional 2,401,630 shares during the last quarter. Franklin Resources Inc. boosted its stake in Intercontinental Exchange by 8.0% in the third quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider's stock valued at $865,455,000 after buying an additional 390,332 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Intercontinental Exchange by 326.3% in the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock valued at $726,196,000 after buying an additional 3,460,096 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

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Insider Buying and Selling

In related news, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction that occurred 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 sale, the insider now owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,563 shares of company stock worth $10,998,990. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded up $0.33 during mid-day trading on Tuesday, reaching $175.58. The company's stock had a trading volume of 2,777,113 shares, compared to its average volume of 2,599,317. The firm's fifty day moving average price is $164.92 and its two-hundred day moving average price is $160.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $176.16. The company has a market capitalization of $100.88 billion, a P/E ratio of 36.73, a PEG ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Barclays upped their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.