PHH Investments Ltd. decreased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,289 shares of the financial services provider’s stock after selling 646 shares during the period. Intercontinental Exchange makes up approximately 0.5% of PHH Investments Ltd.’s holdings, making the stock its 27th largest position. PHH Investments Ltd.’s holdings in Intercontinental Exchange were worth $1,403,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Intercontinental Exchange by 2,943.4% in the first quarter. BlackRock Inc. now owns 35,050,179 shares of the financial services provider’s stock worth $2,098,452,000 after buying an additional 33,898,484 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Intercontinental Exchange by 340.8% in the first quarter. OppenheimerFunds Inc. now owns 5,641,157 shares of the financial services provider’s stock worth $337,737,000 after buying an additional 4,361,480 shares in the last quarter. FMR LLC raised its stake in Intercontinental Exchange by 19.3% in the first quarter. FMR LLC now owns 8,929,000 shares of the financial services provider’s stock worth $534,580,000 after buying an additional 1,443,992 shares in the last quarter. Vanguard Group Inc. raised its stake in Intercontinental Exchange by 3.8% in the first quarter. Vanguard Group Inc. now owns 39,318,668 shares of the financial services provider’s stock worth $2,354,009,000 after buying an additional 1,425,397 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Intercontinental Exchange during the first quarter worth $74,077,000. 89.38% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Inc. (NYSE ICE) opened at 65.86 on Wednesday. Intercontinental Exchange Inc. has a 1-year low of $52.27 and a 1-year high of $67.48. The firm has a market cap of $7.58 billion, a P/E ratio of 24.40 and a beta of 0.71. The firm has a 50-day moving average of $65.88 and a 200 day moving average of $61.64.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. On average, analysts predict that Intercontinental Exchange Inc. will post $2.95 EPS for the current year.

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A number of equities analysts recently commented on the stock. Citigroup Inc. assumed coverage on shares of Intercontinental Exchange in a research note on Wednesday, July 12th. They set a “neutral” rating and a $67.00 target price for the company. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and set a $70.00 target price on shares of Intercontinental Exchange in a research note on Monday, June 26th. Deutsche Bank AG reiterated a “buy” rating and set a $66.00 target price (down previously from $67.00) on shares of Intercontinental Exchange in a research note on Monday, May 15th. Finally, Royal Bank Of Canada set a $61.00 target price on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research note on Thursday, April 20th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $68.36.

In other Intercontinental Exchange news, CFO Scott A. Hill sold 17,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $65.00, for a total transaction of $1,105,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey C. Sprecher sold 73,374 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $59.91, for a total transaction of $4,395,836.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,024 shares of company stock valued at $10,082,142. 1.50% of the stock is owned by company insiders.

Intercontinental Exchange Company Profile

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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