Americafirst Capital Management LLC purchased a new position in Intercontinental Exchange Inc (NYSE:ICE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,112 shares of the financial services provider’s stock, valued at approximately $145,000.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. boosted its position in shares of Intercontinental Exchange by 186.5% during the 2nd quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,240 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Intercontinental Exchange by 2.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 78,772 shares of the financial services provider’s stock valued at $5,193,000 after acquiring an additional 1,914 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Intercontinental Exchange by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 2,751,936 shares of the financial services provider’s stock valued at $181,408,000 after acquiring an additional 63,551 shares during the last quarter. Highstreet Asset Management Inc. bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at approximately $445,000. Finally, First Personal Financial Services boosted its position in shares of Intercontinental Exchange by 20.4% during the 2nd quarter. First Personal Financial Services now owns 2,122 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

Shares of Intercontinental Exchange Inc (NYSE:ICE) opened at $70.49 on Friday. Intercontinental Exchange Inc has a twelve month low of $55.79 and a twelve month high of $72.99. The firm has a market capitalization of $41,139.04, a price-to-earnings ratio of 24.08, a P/E/G ratio of 2.60 and a beta of 0.73. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. Intercontinental Exchange’s quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts forecast that Intercontinental Exchange Inc will post 2.95 earnings per share for the current fiscal year.

Intercontinental Exchange announced that its board has authorized a share repurchase program on Thursday, November 2nd that allows the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In related news, Director Jean Marc Forneri sold 8,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $70.68, for a total transaction of $565,440.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Scott A. Hill sold 37,630 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $70.03, for a total value of $2,635,228.90. The disclosure for this sale can be found here. Insiders have sold a total of 78,130 shares of company stock worth $5,468,644 in the last 90 days. 1.50% of the stock is currently owned by insiders.

A number of research firms have recently commented on ICE. Wells Fargo & Company increased their target price on Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Barclays increased their target price on Intercontinental Exchange from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Royal Bank of Canada increased their target price on Intercontinental Exchange from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $73.00 target price on shares of Intercontinental Exchange in a research report on Sunday, October 8th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Intercontinental Exchange has a consensus rating of “Buy” and an average target price of $73.30.

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Intercontinental Exchange Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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