PDS Planning Inc Purchases 261 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

PDS Planning Inc lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 8.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,447 shares of the financial services provider’s stock after purchasing an additional 261 shares during the quarter. PDS Planning Inc’s holdings in Intercontinental Exchange were worth $595,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ICE. Governors Lane LP grew its holdings in Intercontinental Exchange by 88.0% during the 4th quarter. Governors Lane LP now owns 127,100 shares of the financial services provider’s stock worth $18,939,000 after acquiring an additional 59,500 shares during the last quarter. National Pension Service grew its holdings in Intercontinental Exchange by 19.1% during the 4th quarter. National Pension Service now owns 1,239,140 shares of the financial services provider’s stock worth $184,644,000 after acquiring an additional 198,311 shares during the last quarter. Hahn Capital Management LLC grew its holdings in Intercontinental Exchange by 69.8% during the 4th quarter. Hahn Capital Management LLC now owns 71,134 shares of the financial services provider’s stock worth $10,600,000 after acquiring an additional 29,233 shares during the last quarter. Tema Etfs LLC bought a new stake in Intercontinental Exchange during the 4th quarter worth about $1,107,000. Finally, Otter Creek Advisors LLC grew its holdings in Intercontinental Exchange by 102.2% during the 4th quarter. Otter Creek Advisors LLC now owns 33,233 shares of the financial services provider’s stock worth $4,952,000 after acquiring an additional 16,797 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.2%

Shares of NYSE ICE opened at $180.97 on Friday. The firm has a market capitalization of $103.81 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The firm’s 50-day moving average is $174.49 and its 200-day moving average is $165.41. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. Intercontinental Exchange Inc. has a 1 year low of $136.21 and a 1 year high of $181.98.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. Intercontinental Exchange’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. Equities analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange’s dividend payout ratio is 39.75%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ICE. Bank of America decreased their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Barclays increased their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.46.

Insider Activity at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total value of $26,883,000.00. Following the sale, the chief executive officer now directly owns 2,101,705 shares in the company, valued at $376,667,570.10. This trade represents a 6.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $179.12, for a total transaction of $689,253.76. Following the completion of the sale, the general counsel now owns 48,480 shares in the company, valued at $8,683,737.60. This represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 227,954 shares of company stock worth $40,796,663 in the last ninety days. Company insiders own 1.00% of the company’s stock.

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.