Yousif Capital Management LLC Sells 4,381 Shares of Intercontinental Exchange Inc. $ICE

Yousif Capital Management LLC lessened its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,615 shares of the financial services provider’s stock after selling 4,381 shares during the period. Yousif Capital Management LLC’s holdings in Intercontinental Exchange were worth $12,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ICE. Norges Bank purchased a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $1,542,780,000. Sands Capital Management LLC boosted its stake in Intercontinental Exchange by 97.3% during the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after buying an additional 2,620,310 shares during the period. C WorldWide Group Holding A S grew its position in Intercontinental Exchange by 29,199.5% during the second quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock worth $303,129,000 after buying an additional 1,646,562 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Intercontinental Exchange by 55.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,781,542 shares of the financial services provider’s stock worth $510,330,000 after buying an additional 994,316 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Intercontinental Exchange by 503.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,133,892 shares of the financial services provider’s stock worth $191,038,000 after acquiring an additional 946,065 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 2,081 shares of Intercontinental Exchange stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total value of $314,231.00. Following the transaction, the general counsel owned 44,212 shares in the company, valued at approximately $6,676,012. The trade was a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the sale, the director directly owned 14,469 shares of the company’s stock, valued at approximately $2,285,523.24. This trade represents a 20.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 176,150 shares of company stock valued at $27,072,531. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Up 0.3%

Shares of NYSE ICE opened at $161.91 on Wednesday. The stock has a market capitalization of $92.32 billion, a P/E ratio of 29.49, a PEG ratio of 2.28 and a beta of 1.05. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The firm’s 50 day simple moving average is $155.22 and its two-hundred day simple moving average is $169.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the company earned $1.55 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. As a group, analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ICE shares. Keefe, Bruyette & Woods upgraded Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Raymond James Financial raised shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 target price on the stock in a research note on Monday, October 13th. Barclays set a $183.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Buy” and a consensus target price of $194.30.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.