Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,194 shares of the financial services provider's stock after selling 46,348 shares during the quarter. Nisa Investment Advisors LLC's holdings in Intercontinental Exchange were worth $36,983,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew its position in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 147 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Intercontinental Exchange during the third quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after buying an additional 87 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Intercontinental Exchange during the third quarter worth $29,000. Finally, FSA Wealth Management LLC purchased a new position in Intercontinental Exchange during the third quarter valued at $31,000. Institutional investors own 89.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ICE. Bank of America increased their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. The Goldman Sachs Group raised their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Barclays dropped their price target on Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. One 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, the company has an average rating of "Moderate Buy" and a consensus price target of $175.27.

Insider Activity at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the transaction, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. The trade was a 4.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the transaction, the president now directly owns 156,163 shares of the company's stock, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,795 shares of company stock worth $2,120,572 over the last three months. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

ICE stock traded up $2.39 during trading on Wednesday, reaching $154.11. The company had a trading volume of 4,807,795 shares, compared to its average volume of 3,448,402. The company has a market cap of $88.48 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 2.85 and a beta of 1.10. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50-day simple moving average of $152.96 and a 200-day simple moving average of $155.86.

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, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm's revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 EPS. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current year.

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.