Pacer Advisors Inc. Sells 12,204 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Pacer Advisors Inc. trimmed its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,950 shares of the financial services provider's stock after selling 12,204 shares during the quarter. Pacer Advisors Inc.'s holdings in Intercontinental Exchange were worth $8,635,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Wolff Wiese Magana LLC increased its holdings in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock worth $25,000 after acquiring an additional 147 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange during the third quarter worth $26,000. Financial Management Professionals Inc. lifted its position in Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 87 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Intercontinental Exchange during the 3rd quarter worth about $29,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $31,000. Institutional investors own 89.30% of the company's stock.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at $24,986,080. This represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares of the company's stock, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,795 shares of company stock valued at $2,120,572 over the last ninety days. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James lowered Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price on the stock. in a research report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. StockNews.com downgraded shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Finally, Morgan Stanley lifted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average target price of $175.27.

Intercontinental Exchange Trading Up 1.4 %

ICE traded up $2.23 during trading on Thursday, reaching $159.45. 1,941,637 shares of the company's stock were exchanged, compared to its average volume of 3,212,507. The firm has a fifty day moving average price of $153.10 and a two-hundred day moving average price of $156.33. The stock has a market capitalization of $91.55 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.95 and a beta of 1.10. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company earned $1.46 EPS. Intercontinental Exchange's revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current fiscal 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.