Quantinno Capital Management LP grew its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 51.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 274,414 shares of the financial services provider’s stock after purchasing an additional 92,755 shares during the period. Quantinno Capital Management LP’s holdings in Intercontinental Exchange were worth $43,160,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Ares Financial Consulting LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at about $25,000. Steph & Co. increased its holdings in shares of Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 89 shares in the last quarter. Brooklands Fund Management Ltd purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Swiss RE Ltd. purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Finally, Dorato Capital Management acquired a new stake in Intercontinental Exchange in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.
Intercontinental Exchange Stock Performance
Shares of NYSE ICE opened at $154.69 on Thursday. The company has a 50 day simple moving average of $139.39 and a two-hundred day simple moving average of $153.76. The stock has a market cap of $87.48 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.59 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $189.35.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ICE. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a report on Thursday, June 11th. Barclays lowered their price objective on shares of Intercontinental Exchange from $201.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. TD Cowen cut their target price on Intercontinental Exchange from $193.00 to $153.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Keefe, Bruyette & Woods assumed coverage on Intercontinental Exchange in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 target price for the company. Finally, UBS Group dropped their price target on Intercontinental Exchange from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.58.
Read Our Latest Report on Intercontinental Exchange
Insider Activity at Intercontinental Exchange
In other Intercontinental Exchange news, Director William Jefferson Hague sold 1,333 shares of Intercontinental Exchange stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $139.46, for a total transaction of $185,900.18. Following the completion of the transaction, the director owned 20,132 shares in the company, valued at approximately $2,807,608.72. This trade represents a 6.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sharon Bowen sold 667 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $151.28, for a total value of $100,903.76. Following the completion of the transaction, the director directly owned 15,077 shares of the company’s stock, valued at approximately $2,280,848.56. This trade represents a 4.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,425 shares of company stock valued at $2,046,324 over the last ninety days. Corporate insiders own 0.84% of the company’s stock.
Intercontinental Exchange Profile
Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.
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