First Washington CORP Purchases 3,854 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

First Washington CORP increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 12.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,202 shares of the financial services provider's stock after purchasing an additional 3,854 shares during the quarter. Intercontinental Exchange makes up about 1.7% of First Washington CORP's portfolio, making the stock its 26th largest holding. First Washington CORP's holdings in Intercontinental Exchange were worth $4,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Intercontinental Exchange by 35.0% in the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider's stock valued at $2,105,994,000 after acquiring an additional 4,251,371 shares during the period. Vanguard Group Inc. boosted its stake in shares of Intercontinental Exchange by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider's stock valued at $6,978,218,000 after purchasing an additional 3,536,913 shares during the last quarter. Capital World Investors boosted its stake in shares of Intercontinental Exchange by 35.6% in the 4th quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider's stock valued at $1,238,559,000 after purchasing an additional 2,530,119 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Intercontinental Exchange by 303.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider's stock valued at $305,832,000 after purchasing an additional 1,790,493 shares during the last quarter. Finally, Parnassus Investments LLC boosted its stake in shares of Intercontinental Exchange by 23.8% in the 4th quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider's stock valued at $1,082,646,000 after purchasing an additional 1,621,737 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the company's stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,836 shares in the company, valued at approximately $2,675,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the company's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the sale, the general counsel now directly owns 46,815 shares of the company's stock, valued at approximately $6,397,737.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James W. Namkung sold 1,043 shares of the company's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the sale, the chief accounting officer now directly owns 17,836 shares in the company, valued at $2,675,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,096 shares of company stock worth $9,593,983. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ICE. Citigroup increased their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an "overweight" rating in a research note on Monday. Argus reaffirmed a "buy" rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Finally, StockNews.com lowered shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $156.36.

Intercontinental Exchange Price Performance

Shares of ICE stock traded down $1.59 during trading hours on Wednesday, reaching $161.22. The stock had a trading volume of 2,755,005 shares, compared to its average volume of 2,468,326. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71. The firm has a market capitalization of $92.47 billion, a PE ratio of 36.98, a PEG ratio of 2.81 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock's fifty day simple moving average is $155.36 and its 200 day simple moving average is $142.49.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.31 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The firm's revenue was up 22.7% on a year-over-year basis. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

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.