State of Alaska Department of Revenue lifted its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 56.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,720 shares of the financial services provider’s stock after buying an additional 57,200 shares during the period. State of Alaska Department of Revenue’s holdings in Intercontinental Exchange were worth $11,196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IHT Wealth Management LLC boosted its position in shares of Intercontinental Exchange by 10.8% during the second quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock worth $101,000 after buying an additional 18 shares during the period. Americafirst Capital Management LLC acquired a new position in shares of Intercontinental Exchange during the third quarter worth approximately $145,000. Savant Capital LLC acquired a new position in shares of Intercontinental Exchange during the third quarter worth approximately $206,000. Geneva Partners LLC acquired a new position in shares of Intercontinental Exchange during the third quarter worth approximately $206,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Intercontinental Exchange during the third quarter worth approximately $214,000. Institutional investors and hedge funds own 90.08% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Wednesday, January 3rd. Citigroup boosted their price objective on Intercontinental Exchange from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $73.00 price objective on shares of Intercontinental Exchange in a research report on Sunday, October 8th. Wells Fargo & Co boosted their price objective on Intercontinental Exchange from $65.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, October 5th. Finally, UBS Group boosted their price objective on Intercontinental Exchange from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Intercontinental Exchange presently has an average rating of “Buy” and an average price target of $75.40.

In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $71.93, for a total value of $539,475.00. Following the completion of the sale, the insider now directly owns 377,471 shares in the company, valued at $27,151,489.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott A. Hill sold 14,772 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $75.00, for a total value of $1,107,900.00. The disclosure for this sale can be found here. Insiders sold 60,368 shares of company stock valued at $4,357,199 over the last 90 days. 1.50% of the stock is currently owned by insiders.

Shares of Intercontinental Exchange Inc (NYSE:ICE) opened at $75.27 on Friday. The firm has a market capitalization of $44,030.00, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 2.61 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc has a 52-week low of $56.69 and a 52-week high of $75.59.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. equities analysts predict that Intercontinental Exchange Inc will post 2.94 EPS for the current fiscal year.

Intercontinental Exchange declared that its board has initiated a stock buyback plan on Thursday, November 2nd that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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Intercontinental Exchange 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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