Mawer Investment Management Ltd. Has $514.24 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mawer Investment Management Ltd. reduced its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 30.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,201,162 shares of the financial services provider's stock after selling 1,415,746 shares during the quarter. Intercontinental Exchange comprises 2.3% of Mawer Investment Management Ltd.'s holdings, making the stock its 13th biggest position. Mawer Investment Management Ltd. owned 0.56% of Intercontinental Exchange worth $514,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew its stake in shares of Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock worth $25,000 after purchasing an additional 147 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $26,000. Financial Management Professionals Inc. increased its stake in shares of Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 87 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $25,000. Finally, Capital Performance Advisors LLP bought a new position in Intercontinental Exchange during the 3rd quarter worth approximately $29,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Performance

NYSE:ICE traded up $2.14 during mid-day trading on Monday, hitting $157.69. The stock had a trading volume of 3,970,803 shares, compared to its average volume of 2,576,065. The company's 50 day simple moving average is $160.97 and its 200 day simple moving average is $150.22. The stock has a market cap of $90.54 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 2.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a twelve month low of $110.64 and a twelve month high of $167.99.

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

Insider Buying and Selling at Intercontinental Exchange

In related news, Director Martha A. Tirinnanzi sold 509 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the completion of the sale, the director now directly owns 3,958 shares in the company, valued at $629,242.84. The trade was a 11.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. This trade represents 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 7,489 shares of company stock worth $1,202,259 over the last ninety days. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ICE. Bank of America increased their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group boosted their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a "buy" rating and a $182.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average price target of $174.13.

Intercontinental Exchange Company 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.