Maple Capital Management Inc. cut its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 33.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,500 shares of the financial services provider’s stock after selling 1,750 shares during the quarter. Maple Capital Management Inc.’s holdings in Intercontinental Exchange were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ICE. Unigestion Holding SA purchased a new stake in Intercontinental Exchange during the second quarter valued at about $92,852,000. BlackRock Inc. lifted its holdings in Intercontinental Exchange by 2.5% during the first quarter. BlackRock Inc. now owns 38,207,564 shares of the financial services provider’s stock valued at $2,770,811,000 after purchasing an additional 935,860 shares during the last quarter. CI Global Investments Inc. purchased a new stake in Intercontinental Exchange during the first quarter valued at about $47,938,000. BNP Paribas Arbitrage SA lifted its holdings in Intercontinental Exchange by 639.0% during the first quarter. BNP Paribas Arbitrage SA now owns 604,360 shares of the financial services provider’s stock valued at $43,828,000 after purchasing an additional 522,575 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Intercontinental Exchange by 192.4% during the first quarter. Toronto Dominion Bank now owns 676,792 shares of the financial services provider’s stock valued at $49,073,000 after purchasing an additional 445,355 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Intercontinental Exchange stock opened at $74.05 on Friday. Intercontinental Exchange Inc has a 12-month low of $63.93 and a 12-month high of $77.22. The stock has a market capitalization of $42.02 billion, a PE ratio of 25.10, a PEG ratio of 2.14 and a beta of 0.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. analysts anticipate that Intercontinental Exchange Inc will post 3.48 earnings per share for the current year.

Several equities research analysts have commented on ICE shares. JPMorgan Chase & Co. set a $83.00 price objective on shares of Intercontinental Exchange and gave the company a “buy” rating in a report on Wednesday, May 2nd. Compass Point started coverage on shares of Intercontinental Exchange in a report on Friday, June 22nd. They set a “buy” rating and a $85.00 price objective on the stock. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Wednesday, July 4th. ValuEngine downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $80.00 price objective (up from $74.00) on shares of Intercontinental Exchange in a report on Monday, July 9th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $80.00.

In related news, President Benjamin Jackson sold 3,395 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $74.07, for a total value of $251,467.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Jefferson Hague sold 1,010 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $71.14, for a total transaction of $71,851.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 263,811 shares of company stock worth $19,090,871. Insiders own 1.50% of the company’s stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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

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