Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,897 shares of the financial services provider’s stock after selling 1,494 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Intercontinental Exchange were worth $2,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ICE. Scarborough Advisors LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Annapolis Financial Services LLC lifted its position in Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after buying an additional 163 shares during the period. Redmont Wealth Advisors LLC purchased a new position in Intercontinental Exchange during the first quarter worth about $26,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth about $28,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Intercontinental Exchange by 82.3% in the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the sale, the insider now owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the sale, the general counsel now directly owns 46,815 shares in the company, valued at approximately $6,397,737.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,992 shares of company stock valued at $9,197,801. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE traded up $1.97 during mid-day trading on Friday, hitting $151.00. The stock had a trading volume of 2,066,933 shares, compared to its average volume of 2,815,487. The company has a market cap of $86.61 billion, a PE ratio of 34.63, a PEG ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $151.72. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $139.66 and its two-hundred day simple moving average is $135.62.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ICE shares. Argus restated a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Thursday. Bank of America lowered their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods lowered their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.07.

Intercontinental Exchange Profile

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.