Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 4.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,478,334 shares of the financial services provider's stock after selling 121,054 shares during the quarter. Intercontinental Exchange accounts for 0.6% of Ensign Peak Advisors Inc's portfolio, making the stock its 29th biggest holding. Ensign Peak Advisors Inc owned about 0.43% of Intercontinental Exchange worth $339,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds 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 fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider's stock worth $2,105,994,000 after buying an additional 4,251,371 shares in the last quarter. Vanguard Group Inc. increased its position in Intercontinental Exchange by 7.5% in the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider's stock worth $6,978,218,000 after buying an additional 3,536,913 shares in the last quarter. Capital World Investors increased its position in Intercontinental Exchange by 35.6% in the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider's stock worth $1,238,559,000 after buying an additional 2,530,119 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Intercontinental Exchange by 303.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider's stock worth $305,832,000 after buying an additional 1,790,493 shares in the last quarter. Finally, Parnassus Investments LLC increased its position in Intercontinental Exchange by 23.8% in the fourth quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider's stock worth $1,082,646,000 after buying an additional 1,621,737 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm's stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the sale, the general counsel now 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 the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the sale, the general counsel now owns 46,815 shares of the company's stock, valued at approximately $6,397,737.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange 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 sale, the chief financial officer now directly owns 16,576 shares of the company's stock, valued at approximately $2,675,863.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,166 shares of company stock worth $9,768,190. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Trading Up 0.6 %

ICE traded up $0.97 during trading on Friday, hitting $159.84. 4,843,357 shares of the stock were exchanged, compared to its average volume of 2,492,314. The firm has a 50 day simple moving average of $155.82 and a 200 day simple moving average of $142.77. The firm has a market cap of $91.68 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $163.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the business posted $1.43 EPS. The business's revenue was up 22.7% compared to the same quarter last year. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

Wall Street Analysts Forecast Growth

ICE has been the subject of several research analyst reports. Citigroup increased their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. The Goldman Sachs Group raised Intercontinental Exchange from a "neutral" rating to a "buy" rating and increased their price target for the company from $143.00 to $167.00 in a research note on Monday, July 1st. StockNews.com lowered Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $151.00 to $171.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $158.08.

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.