Quantinno Capital Management LP Has $6.19 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Quantinno Capital Management LP increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 17.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,541 shares of the financial services provider's stock after buying an additional 5,815 shares during the period. Quantinno Capital Management LP's holdings in Intercontinental Exchange were worth $6,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quarry LP increased its position in shares of Intercontinental Exchange by 7,374.1% during the third quarter. Quarry LP now owns 4,335 shares of the financial services provider's stock worth $696,000 after purchasing an additional 4,277 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of Intercontinental Exchange by 4.0% during the third quarter. Royal London Asset Management Ltd. now owns 305,794 shares of the financial services provider's stock worth $49,123,000 after purchasing an additional 11,830 shares in the last quarter. Resurgent Financial Advisors LLC grew its holdings in shares of Intercontinental Exchange by 2.3% during the third quarter. Resurgent Financial Advisors LLC now owns 4,107 shares of the financial services provider's stock valued at $660,000 after buying an additional 91 shares during the last quarter. Phase 2 Partners LLC purchased a new stake in shares of Intercontinental Exchange during the third quarter valued at $3,409,000. Finally, Port Capital LLC grew its holdings in shares of Intercontinental Exchange by 0.8% during the third quarter. Port Capital LLC now owns 379,576 shares of the financial services provider's stock valued at $60,975,000 after buying an additional 3,088 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded down $0.44 during midday trading on Friday, hitting $155.93. The company's stock had a trading volume of 3,274,872 shares, compared to its average volume of 2,696,783. Intercontinental Exchange, Inc. has a 1-year low of $111.82 and a 1-year high of $167.99. The firm's fifty day moving average price is $160.38 and its 200-day moving average price is $152.63. 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 market cap of $89.53 billion, a P/E ratio of 36.95, a P/E/G ratio of 2.58 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts' consensus estimates of $1.55. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. Intercontinental Exchange's revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ICE shares. JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. Bank of America upped their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. The Goldman Sachs Group increased their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, Raymond James lowered shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price on the stock. in a research note 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $174.13.

Insider Transactions at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 468 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares of the company's stock, valued at approximately $2,202,819.30. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the transaction, the insider now directly owns 14,034 shares in the company, valued at $2,284,875.54. The trade was a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,696 shares of company stock valued at $1,554,559 over the last ninety days. 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.