Sei Investments Co. Has $71.20 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Sei Investments Co. raised its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 477,792 shares of the financial services provider's stock after acquiring an additional 45,291 shares during the quarter. Sei Investments Co. owned approximately 0.08% of Intercontinental Exchange worth $71,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ICE. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at about $25,000. FSA Wealth Management LLC bought a new stake in Intercontinental Exchange in the third quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $34,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $40,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $51,000. Institutional investors own 89.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group raised their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Keefe, Bruyette & Woods increased their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Barclays boosted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average target price of $178.80.

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Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the transaction, the insider now directly owns 12,922 shares of the company's stock, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock worth $10,998,990 over the last three months. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Price Performance

Shares of NYSE ICE traded up $0.80 during mid-day trading on Thursday, reaching $176.56. The company had a trading volume of 2,945,931 shares, compared to its average volume of 2,603,453. The firm has a market cap of $101.44 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.10 and a beta of 1.08. The business's 50-day simple moving average is $166.08 and its 200 day simple moving average is $160.37. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $178.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

About Intercontinental Exchange

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.