Davidson Investment Advisors Increases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Davidson Investment Advisors boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,468 shares of the financial services provider's stock after buying an additional 25,859 shares during the period. Davidson Investment Advisors' holdings in Intercontinental Exchange were worth $13,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Intercontinental Exchange in the fourth quarter valued at $1,346,000. Kestra Investment Management LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at $122,000. Venturi Wealth Management LLC lifted its holdings in Intercontinental Exchange by 786.5% in the fourth quarter. Venturi Wealth Management LLC now owns 3,280 shares of the financial services provider's stock valued at $489,000 after buying an additional 2,910 shares during the period. Citizens & Northern Corp lifted its holdings in Intercontinental Exchange by 3.4% in the fourth quarter. Citizens & Northern Corp now owns 11,027 shares of the financial services provider's stock valued at $1,643,000 after buying an additional 366 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Intercontinental Exchange by 0.8% in the fourth quarter. CIBC Asset Management Inc now owns 177,472 shares of the financial services provider's stock valued at $26,436,000 after buying an additional 1,485 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ICE. JPMorgan Chase & Co. dropped their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays upped their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. UBS Group upped their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus price target of $178.80.

Intercontinental Exchange Stock Up 0.7 %

ICE stock traded up $1.25 during trading on Friday, reaching $168.04. The stock had a trading volume of 2,853,143 shares, compared to its average volume of 2,404,252. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $169.78. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company's 50 day moving average is $155.42 and its two-hundred day moving average is $158.13. The company has a market capitalization of $96.55 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued 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 return on equity of 12.95% and a net margin of 23.42%. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 37.66%.

Insiders Place Their Bets

In other news, President Benjamin Jackson sold 17,104 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now directly owns 155,174 shares of the company's stock, valued at $25,855,091.88. This represents a 9.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the 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 transaction, the insider now directly owns 12,922 shares of the company's stock, valued at $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,196 shares of company stock valued at $10,840,972. Corporate insiders own 1.10% of the company's stock.

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.