Marshall Wace LLP Boosts Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Marshall Wace LLP raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,117,501 shares of the financial services provider's stock after buying an additional 273,003 shares during the period. Marshall Wace LLP owned about 0.37% of Intercontinental Exchange worth $289,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ICE. Wellington Management Group LLP raised its stake 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 valued at $2,105,994,000 after buying an additional 4,251,371 shares in the last quarter. Vanguard Group Inc. raised its stake 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 valued at $6,978,218,000 after buying an additional 3,536,913 shares in the last quarter. Capital World Investors raised its stake 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 valued at $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 raised its stake 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 valued at $305,832,000 after buying an additional 1,790,493 shares in the last quarter. Finally, Parnassus Investments LLC increased its position in shares of Intercontinental Exchange by 23.8% during 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 purchasing an additional 1,621,737 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business's stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business's stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the business's stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total value of $8,272,553.52. Following the sale, the chief executive officer now directly owns 1,179,993 shares in the company, valued at approximately $167,181,408.24. The disclosure for this sale can be found here. Insiders have sold 68,166 shares of company stock valued at $9,768,190 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

ICE traded down $1.20 during trading on Tuesday, reaching $158.75. The company's stock had a trading volume of 2,308,361 shares, compared to its average volume of 2,489,000. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $163.71. The company's fifty day moving average price is $156.26 and its 200-day moving average price is $143.09. The company has a market capitalization of $91.06 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. 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 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company's quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 EPS. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ICE. Citigroup lifted 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. Barclays lifted their target price on 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 Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.08.

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.