Perpetual Ltd Has $227.81 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Perpetual Ltd decreased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,528,853 shares of the financial services provider's stock after selling 190,092 shares during the period. Intercontinental Exchange comprises about 2.7% of Perpetual Ltd's investment portfolio, making the stock its 5th biggest position. Perpetual Ltd owned 0.27% of Intercontinental Exchange worth $227,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ICE. Intech Investment Management LLC increased its holdings in shares of Intercontinental Exchange by 1.2% in the 2nd quarter. Intech Investment Management LLC now owns 15,527 shares of the financial services provider's stock worth $2,125,000 after buying an additional 189 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Intercontinental Exchange by 139.6% in the 2nd 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. Sei Investments Co. boosted its stake in shares of Intercontinental Exchange by 14.3% in the 2nd quarter. Sei Investments Co. now owns 398,803 shares of the financial services provider's stock valued at $54,592,000 after purchasing an additional 49,933 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Intercontinental Exchange by 5.0% in the 2nd quarter. ProShare Advisors LLC now owns 116,480 shares of the financial services provider's stock valued at $15,945,000 after purchasing an additional 5,564 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in shares of Intercontinental Exchange by 16,435.7% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,630 shares of the financial services provider's stock valued at $634,000 after purchasing an additional 4,602 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Barclays cut their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, Morgan Stanley increased their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.27.

Intercontinental Exchange Trading Up 1.8 %

NYSE ICE traded up $2.68 during trading on Tuesday, hitting $151.79. The company had a trading volume of 4,420,318 shares, compared to its average volume of 3,335,618. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99. The company has a market cap of $87.15 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 2.84 and a beta of 1.10. The company's fifty day moving average is $153.04 and its 200-day moving average is $155.79.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. Intercontinental Exchange's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business earned $1.46 EPS. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current year.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the sale, the general counsel now directly owns 44,702 shares in the company, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction 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. Insiders sold a total of 13,795 shares of company stock worth $2,120,572 in the last three months. 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.