Nomura Asset Management Co. Ltd. Has $35.24 Million Holdings in Intercontinental Exchange Inc. $ICE

Nomura Asset Management Co. Ltd. grew its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 5.8% in the 2nd quarter, Holdings Channel reports. The fund owned 192,088 shares of the financial services provider’s stock after buying an additional 10,542 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $35,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ICE. Princeton Global Asset Management LLC bought a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at approximately $28,000. Activest Wealth Management boosted its position in Intercontinental Exchange by 4,050.0% in the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after buying an additional 162 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Intercontinental Exchange during the second quarter worth $29,000. McClarren Financial Advisors Inc. acquired a new position in shares of Intercontinental Exchange during the first quarter worth $30,000. Finally, Hilltop National Bank acquired a new position in shares of Intercontinental Exchange during the second quarter worth $31,000. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 10,082 shares of the stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $158.88, for a total transaction of $1,601,828.16. Following the completion of the sale, the chief technology officer directly owned 65,240 shares in the company, valued at approximately $10,365,331.20. This trade represents a 13.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $175.62, for a total value of $280,992.00. Following the completion of the transaction, the senior vice president directly owned 25,796 shares in the company, valued at $4,530,293.52. This represents a 5.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 24,098 shares of company stock valued at $4,024,000 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ICE has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. UBS Group reduced their price target on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a report on Wednesday, October 8th. Finally, Barclays set a $183.00 target price on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $194.70.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $152.82 on Wednesday. The stock’s 50 day moving average is $159.29 and its 200 day moving average is $172.45. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The firm has a market cap of $87.13 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.71. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. As a group, research analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

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.