California Public Employees Retirement System Has $93.45 Million Holdings in Intercontinental Exchange Inc (ICE)

California Public Employees Retirement System boosted its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 5.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,360,215 shares of the financial services provider’s stock after acquiring an additional 65,880 shares during the period. California Public Employees Retirement System owned 0.23% of Intercontinental Exchange worth $93,447,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its position in Intercontinental Exchange by 10.8% in the 2nd quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 18 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in Intercontinental Exchange by 0.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,483 shares of the financial services provider’s stock worth $559,000 after buying an additional 29 shares in the last quarter. Thompson Davis & CO. Inc. lifted its position in Intercontinental Exchange by 2.2% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock worth $100,000 after buying an additional 32 shares in the last quarter. Aspen Investment Management Inc increased its stake in shares of Intercontinental Exchange by 0.6% during the 2nd quarter. Aspen Investment Management Inc now owns 8,820 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 50 shares during the last quarter. Finally, Jump Trading LLC increased its stake in shares of Intercontinental Exchange by 0.4% during the 2nd quarter. Jump Trading LLC now owns 15,248 shares of the financial services provider’s stock worth $1,005,000 after purchasing an additional 68 shares during the last quarter. 90.83% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on ICE shares. Wells Fargo & Company upped their price target on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 5th. Royal Bank of Canada reissued a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, August 15th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $73.00 price objective on shares of Intercontinental Exchange in a report on Sunday, October 8th. Citigroup upped their price target on shares of Intercontinental Exchange from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Intercontinental Exchange currently has an average rating of “Buy” and a consensus price target of $73.30.

Intercontinental Exchange Inc (ICE) traded down $0.12 during trading hours on Tuesday, reaching $70.81. 1,482,700 shares of the company’s stock were exchanged, compared to its average volume of 2,666,757. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $41,495.91, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.63 and a beta of 0.73. Intercontinental Exchange Inc has a 1-year low of $55.79 and a 1-year high of $72.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. research analysts forecast that Intercontinental Exchange Inc will post 2.95 EPS for the current year.

Intercontinental Exchange declared that its board has authorized a stock repurchase program on Thursday, November 2nd that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the financial services provider to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

In related news, Director Jean Marc Forneri sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $70.68, for a total transaction of $565,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott A. Hill sold 37,630 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $70.03, for a total transaction of $2,635,228.90. The disclosure for this sale can be found here. Insiders have sold 78,130 shares of company stock worth $5,468,644 over the last three months. 1.50% of the stock is owned by insiders.

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Intercontinental Exchange Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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