29,343 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Chemung Canal Trust Co.

Chemung Canal Trust Co. bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,343 shares of the financial services provider’s stock, valued at approximately $4,033,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in Intercontinental Exchange by 2.2% in the third quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock valued at $5,162,041,000 after buying an additional 1,012,034 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Intercontinental Exchange by 35.0% in the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after acquiring an additional 4,251,371 shares during the last quarter. Capital World Investors boosted its position in shares of Intercontinental Exchange by 35.6% during the 4th quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock worth $1,238,559,000 after purchasing an additional 2,530,119 shares during the period. Parnassus Investments LLC increased its holdings in Intercontinental Exchange by 23.8% in the 4th quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock valued at $1,082,646,000 after purchasing an additional 1,621,737 shares during the last quarter. Finally, Norges Bank purchased a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $839,259,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 0.4 %

ICE opened at $136.89 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $140.43. The company has a market cap of $78.52 billion, a P/E ratio of 31.40, a PEG ratio of 2.55 and a beta of 1.06. The business’s 50-day simple moving average is $134.52 and its 200-day simple moving average is $132.82.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 earnings per share. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ICE shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Bank of America cut their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Keefe, Bruyette & Woods lowered their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Argus reissued a “buy” rating and issued a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.29.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the transaction, the general counsel now owns 48,713 shares in the company, valued at $6,417,450.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were acquired at an average cost of $0.87 per share, with a total value of $305,265.60. Following the acquisition, the insider now directly owns 649,934 shares of the company’s stock, valued at approximately $565,442.58. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the sale, the general counsel now owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Insiders have sold 62,894 shares of company stock worth $8,620,792 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

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.