Cozad Asset Management Inc. Has $6.12 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Cozad Asset Management Inc. decreased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,380 shares of the financial services provider’s stock after selling 725 shares during the period. Cozad Asset Management Inc.’s holdings in Intercontinental Exchange were worth $6,124,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ICE. Price T Rowe Associates Inc. MD grew its stake in shares of Intercontinental Exchange by 491.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider’s stock valued at $1,109,780,000 after buying an additional 5,345,388 shares in the last quarter. Nuveen LLC acquired a new stake in Intercontinental Exchange in the first quarter valued at approximately $575,383,000. Wellington Management Group LLP grew its position in Intercontinental Exchange by 113.9% in the first quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider’s stock worth $1,025,230,000 after acquiring an additional 3,165,381 shares in the last quarter. C WorldWide Group Holding A S increased its stake in shares of Intercontinental Exchange by 29,199.5% during the 2nd quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock worth $303,129,000 after purchasing an additional 1,646,562 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Intercontinental Exchange by 31.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,575,859 shares of the financial services provider’s stock valued at $616,836,000 after purchasing an additional 861,679 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 939 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $172.04, for a total value of $161,545.56. Following the sale, the chief operating officer directly owned 16,624 shares in the company, valued at $2,859,992.96. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,770 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $152.52, for a total transaction of $269,960.40. Following the transaction, the general counsel owned 44,212 shares in the company, valued at approximately $6,743,214.24. The trade was a 3.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 175,258 shares of company stock worth $27,146,307. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ICE. Wall Street Zen cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. TD Cowen decreased their price target on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. Barclays set a $183.00 target price on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $194.70.

Intercontinental Exchange Stock Performance

ICE opened at $154.57 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $158.04 and its two-hundred day moving average price is $172.04. The firm has a market capitalization of $88.13 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

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.