Ossiam Sells 64,532 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Ossiam decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 25.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,785 shares of the financial services provider’s stock after selling 64,532 shares during the quarter. Ossiam’s holdings in Intercontinental Exchange were worth $23,732,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ICE. Jones Financial Companies Lllp bought a new position in Intercontinental Exchange in the third quarter worth $26,000. Fortitude Family Office LLC bought a new position in Intercontinental Exchange in the fourth quarter worth $28,000. Stuart Chaussee & Associates Inc. bought a new position in Intercontinental Exchange in the fourth quarter worth $28,000. Altshuler Shaham Ltd bought a new position in Intercontinental Exchange in the fourth quarter worth $29,000. Finally, Sachetta LLC bought a new position in Intercontinental Exchange in the fourth quarter worth $29,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE traded down $1.07 on Friday, hitting $133.79. The stock had a trading volume of 2,843,907 shares, compared to its average volume of 1,769,650. The stock has a market cap of $76.74 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 2.51 and a beta of 1.06. 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 business’s 50-day simple moving average is $133.81 and its two-hundred day simple moving average is $130.48. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $140.43.

Intercontinental Exchange (NYSE:ICE) last announced its 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 analysts’ expectations 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 for the quarter was up 20.8% on a year-over-year basis. During the same period last year, the firm posted $1.41 earnings per share. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were acquired at an average cost of $0.87 per share, with a total value of $305,265.60. Following the completion of the transaction, the insider now owns 649,934 shares of the company’s stock, valued at approximately $565,442.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were purchased at an average price of $0.87 per share, with a total value of $305,265.60. Following the completion of the purchase, the insider now directly owns 649,934 shares of the company’s stock, valued at $565,442.58. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Judith A. Sprieser sold 2,238 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total value of $307,411.68. Following the sale, the director now directly owns 29,347 shares in the company, valued at approximately $4,031,103.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,234 shares of company stock valued at $8,668,823. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ICE shares. JPMorgan Chase & Co. raised their price target on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Bank of America reduced their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a report on Friday, April 19th. Barclays reduced their price target on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Finally, Morgan Stanley raised their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.29.

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.