Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 439,392 shares of the financial services provider's stock after selling 23,796 shares during the period. New York State Teachers Retirement System owned 0.08% of Intercontinental Exchange worth $65,474,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ICE. Wolff Wiese Magana LLC raised its position in 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 valued at $25,000 after purchasing an additional 147 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the third quarter valued at approximately $26,000. Financial Management Professionals Inc. raised its position in Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 87 shares during the period. Capital Performance Advisors LLP purchased a new stake in Intercontinental Exchange during the third quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC purchased a new stake in Intercontinental Exchange during the third quarter valued at approximately $31,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares in the company, valued at $6,977,088.16. This represents a 2.09 % decrease in their position. The transaction 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 dated Thursday, February 6th. The stock was sold at an average price of $165.71, for a total transaction of $965,757.88. Following the transaction, the president now owns 164,041 shares of the company's stock, valued at approximately $27,183,234.11. This trade represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,358 shares of company stock valued at $5,535,650 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

ICE traded down $0.43 on Tuesday, reaching $166.29. 2,230,040 shares of the stock were exchanged, compared to its average volume of 2,997,840. The firm has a market capitalization of $95.48 billion, a PE ratio of 34.79, a PEG ratio of 3.21 and a beta of 1.11. The company's 50-day moving average price is $154.63 and its 200 day moving average price is $157.75. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $169.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.63 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 37.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays upped their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. cut their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, UBS Group upped their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $178.80.

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.