Stoneridge Investment Partners LLC purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,067 shares of the financial services provider’s stock, valued at approximately $620,000.
A number of other hedge funds and other institutional investors have also modified their holdings of ICE. J. Stern & Co. LLP lifted its holdings in Intercontinental Exchange by 17,398.1% in the fourth quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock worth $8,763,214,000 after purchasing an additional 53,798,055 shares during the period. Norges Bank acquired a new position in Intercontinental Exchange during the 4th quarter valued at about $1,418,228,000. Viking Global Investors LP bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $777,926,000. Boston Partners lifted its stake in shares of Intercontinental Exchange by 148.6% in the 4th quarter. Boston Partners now owns 3,203,845 shares of the financial services provider’s stock worth $519,701,000 after acquiring an additional 1,914,851 shares during the period. Finally, Focus Partners Wealth lifted its stake in shares of Intercontinental Exchange by 569.8% in the 4th quarter. Focus Partners Wealth now owns 2,210,948 shares of the financial services provider’s stock worth $358,142,000 after acquiring an additional 1,880,835 shares during the period. 89.30% of the stock is currently owned by institutional investors.
Insider Activity
In other Intercontinental Exchange news, Director Sharon Bowen sold 667 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $151.28, for a total value of $100,903.76. Following the transaction, the director owned 15,077 shares in the company, valued at approximately $2,280,848.56. The trade was a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $151.20, for a total value of $645,775.20. Following the completion of the transaction, the chief technology officer directly owned 67,988 shares in the company, valued at $10,279,785.60. This represents a 5.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,725 shares of company stock valued at $3,115,124 in the last ninety days. 0.84% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on ICE
Intercontinental Exchange Stock Performance
NYSE:ICE opened at $154.55 on Friday. The company has a 50-day moving average of $140.59 and a 200-day moving average of $152.26. The firm has a market cap of $86.76 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92. 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 twelve month low of $121.79 and a twelve month high of $182.86.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the previous year, the firm earned $1.81 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts forecast that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current fiscal year.
Intercontinental Exchange Company 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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