Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,938,425 shares of the financial services provider's stock after selling 15,440 shares during the quarter. Intercontinental Exchange accounts for about 2.8% of Burgundy Asset Management Ltd.'s holdings, making the stock its 7th largest holding. Burgundy Asset Management Ltd. owned approximately 0.34% of Intercontinental Exchange worth $265,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gilbert & Cook Inc. lifted its holdings in shares of Intercontinental Exchange by 5.5% during the 4th quarter. Gilbert & Cook Inc. now owns 3,636 shares of the financial services provider's stock valued at $467,000 after buying an additional 188 shares during the period. 9258 Wealth Management LLC grew its holdings in shares of Intercontinental Exchange by 29.9% during the fourth quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider's stock valued at $977,000 after buying an additional 1,752 shares during the last quarter. Gryphon Financial Partners LLC raised its position in shares of Intercontinental Exchange by 38.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,356 shares of the financial services provider's stock worth $511,000 after acquiring an additional 1,220 shares during the period. Gladstone Institutional Advisory LLC raised its position in shares of Intercontinental Exchange by 9.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 2,568 shares of the financial services provider's stock worth $330,000 after purchasing an additional 215 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in shares of Intercontinental Exchange by 28.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 8,406 shares of the financial services provider's stock valued at $1,080,000 after buying an additional 1,879 shares during the period. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 1.5 %

ICE stock traded down $2.35 during trading on Thursday, hitting $158.87. The company had a trading volume of 4,436,788 shares, compared to its average volume of 2,479,325. The stock has a market cap of $91.13 billion, a PE ratio of 36.44, a PEG ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $163.71. The business has a 50-day moving average of $155.59 and a 200-day moving average of $142.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

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

Insider Buying and Selling

In other news, CFO Warren Gardiner sold 750 shares of the business's 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 completion of the sale, the chief financial officer now owns 16,576 shares of the company's stock, valued at approximately $2,675,863.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Warren Gardiner sold 750 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 16,576 shares in the company, valued at approximately $2,675,863.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now directly owns 46,815 shares in the company, valued at approximately $6,397,737.90. The disclosure for this sale can be found here. Insiders sold a total of 67,096 shares of company stock worth $9,593,983 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. 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. JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the stock an "overweight" rating in a research note on Monday. The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a "neutral" rating to a "buy" rating and upped their target price for the company from $143.00 to $167.00 in a research note on Monday, July 1st. Citigroup increased their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a "buy" rating in a research note on Tuesday, July 9th. Finally, StockNews.com downgraded shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Friday, September 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.36.

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.