Victory Capital Management Inc. raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 417,997 shares of the financial services provider’s stock after buying an additional 1,995 shares during the period. Victory Capital Management Inc. owned about 0.07% of Intercontinental Exchange worth $27,554,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norway Savings Bank boosted its stake 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. Bessemer Group Inc. boosted its stake in shares of Intercontinental Exchange by 186.5% in the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,240 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of Intercontinental Exchange during the second quarter valued at $128,000. First Personal Financial Services boosted its stake in shares of Intercontinental Exchange by 20.4% in the second quarter. First Personal Financial Services now owns 2,122 shares of the financial services provider’s stock valued at $140,000 after buying an additional 360 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its stake 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. Institutional investors and hedge funds own 89.74% of the company’s stock.

Intercontinental Exchange Inc. (NYSE:ICE) opened at 65.10 on Friday. The stock has a 50 day moving average of $65.55 and a 200 day moving average of $62.22. The firm has a market capitalization of $7.49 billion, a PE ratio of 24.12 and a beta of 0.72. Intercontinental Exchange Inc. has a 12 month low of $52.27 and a 12 month high of $67.48.

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

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Several equities analysts have recently commented on ICE shares. Deutsche Bank AG restated a “buy” rating and issued a $66.00 target price (down from $67.00) on shares of Intercontinental Exchange in a research report on Monday, May 15th. Royal Bank Of Canada set a $65.00 target price on shares of Intercontinental Exchange and gave the company a “hold” rating in a research report on Tuesday, June 6th. BidaskClub upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC restated a “buy” rating and issued a $70.00 target price on shares of Intercontinental Exchange in a research report on Monday, June 26th. Finally, Citigroup Inc. started coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $68.36.

In related news, Director Jean Marc Forneri sold 19,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $61.77, for a total value of $1,173,630.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles A. Vice sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $66.33, for a total transaction of $994,950.00. Following the completion of the sale, the insider now directly owns 384,971 shares in the company, valued at $25,535,126.43. The disclosure for this sale can be found here. Insiders sold 147,920 shares of company stock worth $9,608,806 over the last ninety days. 1.50% of the stock is currently owned by 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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