Maryland State Retirement & Pension System Sells 2,174 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Maryland State Retirement & Pension System decreased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,594 shares of the financial services provider's stock after selling 2,174 shares during the period. Maryland State Retirement & Pension System's holdings in Intercontinental Exchange were worth $4,559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in Intercontinental Exchange in the fourth quarter worth approximately $25,000. FSA Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter worth approximately $31,000. BankPlus Trust Department purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $40,000. Golden State Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at $51,000. Finally, Hanson & Doremus Investment Management purchased a new position in Intercontinental Exchange in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the transaction, the president now owns 147,274 shares in the company, valued at $25,247,181.82. The trade was a 5.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the sale, the insider now owns 17,972 shares of the company's stock, valued at approximately $3,001,144.28. This represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,563 shares of company stock valued at $10,998,990. Insiders own 1.10% of the company's stock.

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Intercontinental Exchange Stock Up 0.5 %

Shares of NYSE:ICE traded up $0.88 during midday trading on Monday, reaching $175.27. The company's stock had a trading volume of 2,982,397 shares, compared to its average volume of 2,599,555. 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 firm has a 50 day moving average of $164.29 and a 200-day moving average of $160.07. The firm has a market capitalization of $100.70 billion, a P/E ratio of 36.67, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $176.17.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.95% and a net margin of 23.42%. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.10%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

Analysts Set New Price Targets

ICE has been the subject of several analyst reports. UBS Group upped their price target on shares of 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 increased their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Barclays increased their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average target price 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.