Tandem Investment Advisors Inc. Has $121.55 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Tandem Investment Advisors Inc. grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 815,688 shares of the financial services provider's stock after purchasing an additional 68,291 shares during the period. Intercontinental Exchange makes up about 4.6% of Tandem Investment Advisors Inc.'s portfolio, making the stock its 3rd biggest position. Tandem Investment Advisors Inc. owned about 0.14% of Intercontinental Exchange worth $121,546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ING Groep NV bought a new stake in Intercontinental Exchange during the 4th quarter worth $3,867,000. Dash Acquisitions Inc. lifted its holdings in Intercontinental Exchange by 3.7% during the 4th quarter. Dash Acquisitions Inc. now owns 66,942 shares of the financial services provider's stock worth $10,633,000 after buying an additional 2,412 shares during the period. Advyzon Investment Management LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $392,000. Handelsbanken Fonder AB lifted its stake in shares of Intercontinental Exchange by 6.4% in the 4th quarter. Handelsbanken Fonder AB now owns 257,248 shares of the financial services provider's stock valued at $38,333,000 after purchasing an additional 15,534 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of Intercontinental Exchange by 24.8% in the 4th quarter. Private Advisor Group LLC now owns 38,195 shares of the financial services provider's stock valued at $5,691,000 after purchasing an additional 7,579 shares during the period. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

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

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 dividend on an annualized basis and a dividend yield of 1.14%. Intercontinental Exchange's payout ratio is currently 37.66%.

Insider Activity

In related news, COO Stuart Glen Williams sold 750 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the sale, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,196 shares of company stock worth $10,840,972 over the last 90 days. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on ICE shares. UBS Group boosted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods lifted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.80.

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.