Forsta AP Fonden Trims Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Forsta AP Fonden lowered its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 7.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 102,000 shares of the financial services provider's stock after selling 7,800 shares during the period. Forsta AP Fonden's holdings in Intercontinental Exchange were worth $13,963,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Scarborough Advisors LLC purchased a new stake in Intercontinental Exchange during the 4th quarter valued at $25,000. Annapolis Financial Services LLC boosted its position in Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider's stock valued at $25,000 after buying an additional 163 shares during the period. New Millennium Group LLC purchased a new stake in Intercontinental Exchange during the 2nd quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in Intercontinental Exchange during the 2nd quarter valued at $25,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Intercontinental Exchange during the 1st quarter valued at $26,000. Institutional investors own 89.30% of the company's stock.

Insiders Place Their Bets

In other news, CFO Warren Gardiner sold 750 shares of the firm's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Intercontinental Exchange news, CFO Warren Gardiner sold 750 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the transaction, the chief financial officer now owns 16,576 shares of the company's stock, valued at $2,675,863.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Sprieser sold 1,941 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total value of $311,899.29. Following the completion of the transaction, the director now directly owns 26,908 shares in the company, valued at approximately $4,323,846.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,096 shares of company stock valued at $9,593,983. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded up $0.22 during trading on Friday, hitting $161.36. 2,418,679 shares of the company's stock traded hands, compared to its average volume of 2,470,908. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $163.71. The business has a 50-day simple moving average of $153.79 and a 200-day simple moving average of $141.81. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $92.64 billion, a P/E ratio of 36.96, a PEG ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business's revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 earnings per share. As a group, analysts forecast that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a "hold" rating in a research report on Thursday, August 15th. Citigroup raised their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a research report on Tuesday, July 9th. Barclays raised their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. StockNews.com cut shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Friday, September 6th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $154.93.

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.