Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 14.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,482 shares of the financial services provider’s stock after purchasing an additional 2,088 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Intercontinental Exchange were worth $2,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in Intercontinental Exchange by 27.3% during the 4th quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock valued at $7,311,000 after purchasing an additional 12,208 shares during the period. Wellington Management Group LLP boosted its position in Intercontinental Exchange by 35.0% during 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 period. D.A. Davidson & CO. boosted its position in Intercontinental Exchange by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock worth $3,253,000 after acquiring an additional 1,991 shares during the period. Point72 Europe London LLP boosted its position in Intercontinental Exchange by 10.9% during the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock worth $8,515,000 after acquiring an additional 6,500 shares during the period. Finally, Perpetual Ltd boosted its position in Intercontinental Exchange by 0.4% during the 1st quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock worth $204,495,000 after acquiring an additional 6,272 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ICE. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays reduced their price target on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $143.00 to $167.00 in a research report on Monday. Rosenblatt Securities restated a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a report on Friday, May 3rd. Finally, Bank of America cut their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $151.29.

Insider Transactions at Intercontinental Exchange

In related 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 bought at an average cost of $0.87 per share, with a total value of $305,265.60. Following the completion of the transaction, the insider now directly owns 649,934 shares of the company’s stock, valued at $565,442.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Judith A. Sprieser sold 2,267 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now directly owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Intercontinental Exchange, Inc purchased 350,880 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average cost of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the transaction, the insider now directly owns 649,934 shares of the company’s stock, valued at approximately $565,442.58. The disclosure for this purchase can be found here. Insiders have sold 4,506 shares of company stock valued at $609,374 over the last three months. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 0.2 %

Shares of Intercontinental Exchange stock opened at $141.16 on Friday. The stock’s fifty day moving average is $135.15 and its 200-day moving average is $133.23. The firm has a market capitalization of $80.97 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $141.59.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 return on equity of 12.76% and a net margin of 24.24%. Intercontinental Exchange’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current 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.