Fisher Asset Management LLC Trims Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Fisher Asset Management LLC lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 56.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,250 shares of the financial services provider’s stock after selling 1,646 shares during the period. Fisher Asset Management LLC’s holdings in Intercontinental Exchange were worth $201,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its holdings in shares of Intercontinental Exchange by 21.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 107,212 shares of the financial services provider’s stock worth $17,222,000 after acquiring an additional 19,041 shares during the period. Larson Financial Group LLC increased its position in Intercontinental Exchange by 17.6% during the third quarter. Larson Financial Group LLC now owns 1,279 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 191 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its stake in Intercontinental Exchange by 0.3% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 125,503 shares of the financial services provider’s stock worth $20,161,000 after purchasing an additional 404 shares during the period. Swedbank AB boosted its holdings in Intercontinental Exchange by 9.0% in the 3rd quarter. Swedbank AB now owns 92,582 shares of the financial services provider’s stock valued at $14,872,000 after purchasing an additional 7,640 shares during the last quarter. Finally, Pitcairn Co. boosted its holdings in Intercontinental Exchange by 14.5% in the 3rd quarter. Pitcairn Co. now owns 15,771 shares of the financial services provider’s stock valued at $2,533,000 after purchasing an additional 1,994 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CFO Warren Gardiner sold 750 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. This trade represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at approximately $2,202,819.30. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,696 shares of company stock valued at $1,554,559 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Down 0.1 %

Intercontinental Exchange stock opened at $160.96 on Monday. The firm has a market capitalization of $92.42 billion, a P/E ratio of 38.14, a P/E/G ratio of 2.66 and a beta of 1.08. 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, Inc. has a twelve month low of $111.82 and a twelve month high of $167.99. The stock’s fifty day simple moving average is $160.62 and its 200-day simple moving average is $152.07.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter 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 analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America lifted their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Barclays lowered their target price on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.13.

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.