First National Bank of Omaha decreased its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 26.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,758 shares of the financial services provider’s stock after selling 31,647 shares during the period. First National Bank of Omaha’s holdings in Intercontinental Exchange were worth $5,720,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICE. Norway Savings Bank increased its position in shares of Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock valued at $108,000 after buying an additional 235 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock valued at $138,000 after buying an additional 16 shares during the period. Clearbridge Investments LLC increased its position in shares of Intercontinental Exchange by 117.0% in the first quarter. Clearbridge Investments LLC now owns 2,346 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,265 shares during the period. Parallel Advisors LLC increased its position in shares of Intercontinental Exchange by 45.3% in the first quarter. Parallel Advisors LLC now owns 2,400 shares of the financial services provider’s stock valued at $145,000 after buying an additional 748 shares during the period. Finally, Howard Hughes Medical Institute bought a new position in shares of Intercontinental Exchange during the first quarter valued at about $182,000. Institutional investors own 89.44% of the company’s stock.

Intercontinental Exchange Inc. (NYSE:ICE) traded down 0.02% during trading on Wednesday, hitting $65.71. 758,656 shares of the stock were exchanged. The stock has a market cap of $7.56 billion, a P/E ratio of 25.37 and a beta of 0.71. The stock has a 50 day moving average of $64.39 and a 200-day moving average of $60.42. Intercontinental Exchange Inc. has a 52 week low of $52.15 and a 52 week high of $67.33.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Intercontinental Exchange had a net margin of 26.48% and a return on equity of 10.67%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company earned $3.68 earnings per share. Intercontinental Exchange’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts expect that Intercontinental Exchange Inc. will post $3.01 EPS for the current fiscal year.

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Several research analysts have recently issued reports on the stock. Deutsche Bank AG reiterated a “buy” rating and set a $66.00 price target (down from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Royal Bank Of Canada upgraded shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $70.00 in a report on Thursday, July 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $63.50 price target on shares of Intercontinental Exchange in a report on Thursday, March 23rd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $70.00 price target on shares of Intercontinental Exchange in a report on Monday, June 26th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.49.

In related news, insider Charles A. Vice sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $60.53, for a total transaction of $907,950.00. Following the transaction, the insider now owns 373,061 shares in the company, valued at $22,581,382.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles R. Crisp sold 3,365 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $58.65, for a total transaction of $197,357.25. The disclosure for this sale can be found here. Insiders have sold 168,889 shares of company stock worth $10,350,825 in the last quarter. 1.50% of the stock is owned by corporate insiders.

About Intercontinental Exchange

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.

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

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