Intercontinental Exchange Inc. $ICE Shares Sold by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP decreased its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 17.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,323 shares of the financial services provider’s stock after selling 16,560 shares during the period. Intercontinental Exchange makes up 9.0% of Hyperion Capital Advisors LP’s portfolio, making the stock its 2nd biggest position. Hyperion Capital Advisors LP’s holdings in Intercontinental Exchange were worth $14,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ICE. Norges Bank acquired a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $1,542,780,000. Price T Rowe Associates Inc. MD boosted its stake in Intercontinental Exchange by 491.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider’s stock valued at $1,109,780,000 after buying an additional 5,345,388 shares in the last quarter. Wellington Management Group LLP grew its holdings in Intercontinental Exchange by 113.9% during the first quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider’s stock worth $1,025,230,000 after acquiring an additional 3,165,381 shares during the period. Sands Capital Management LLC raised its position in Intercontinental Exchange by 97.3% in the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock worth $974,783,000 after acquiring an additional 2,620,310 shares in the last quarter. Finally, C WorldWide Group Holding A S lifted its holdings in Intercontinental Exchange by 29,199.5% in the 2nd quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock valued at $303,129,000 after acquiring an additional 1,646,562 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ICE. UBS Group reduced their target price on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 target price on the stock in a report on Monday, October 13th. Finally, Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $194.70.

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 5,345 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $156.67, for a total transaction of $837,401.15. Following the transaction, the chief technology officer directly owned 65,240 shares in the company, valued at $10,221,150.80. The trade was a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Judith A. Sprieser sold 3,700 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $157.96, for a total value of $584,452.00. Following the sale, the director owned 14,469 shares of the company’s stock, valued at approximately $2,285,523.24. This represents a 20.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 175,489 shares of company stock worth $26,972,956. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $163.21 on Friday. The company has a market capitalization of $93.06 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 2.53 and a beta of 1.05. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $154.98 and its 200-day simple moving average is $170.22.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting the consensus estimate of $1.71. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS. On average, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.