Intercontinental Exchange Inc. $ICE Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,315,981 shares of the financial services provider’s stock after selling 233,615 shares during the quarter. Janus Henderson Group PLC’s holdings in Intercontinental Exchange were worth $987,705,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ICE. Ares Financial Consulting LLC purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $25,000. Steph & Co. increased its stake 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 worth $28,000 after buying an additional 89 shares during the period. Brooklands Fund Management Ltd purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth approximately $28,000. Swiss RE Ltd. acquired a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Finally, Dorato Capital Management acquired a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total value of $693,083.88. Following the completion of the sale, the general counsel owned 45,473 shares in the company, valued at approximately $6,891,887.88. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Jefferson Hague sold 1,333 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $139.46, for a total value of $185,900.18. Following the completion of the sale, the director directly owned 20,132 shares of the company’s stock, valued at $2,807,608.72. The trade was a 6.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,425 shares of company stock valued at $2,046,324 over the last 90 days. 0.84% of the stock is owned by insiders.

Intercontinental Exchange Stock Up 1.3%

ICE opened at $154.69 on Thursday. The business’s 50-day simple moving average is $139.39 and its 200-day simple moving average is $153.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $189.35. The stock has a market capitalization of $87.48 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.59 and a beta of 0.94.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 EPS. Analysts anticipate that Intercontinental Exchange Inc. will post 8.01 EPS for the current year.

Analyst Upgrades and Downgrades

ICE has been the subject of several analyst reports. TD Cowen lowered their price target on shares of Intercontinental Exchange from $193.00 to $153.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Raymond James Financial set a $208.00 price objective on shares of Intercontinental Exchange in a report on Monday, July 6th. Keefe, Bruyette & Woods started coverage on shares of Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price objective for the company. UBS Group lowered their target price on shares of Intercontinental Exchange from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Barclays dropped their target price on Intercontinental Exchange from $201.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.58.

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.