New York State Common Retirement Fund Sells 36,600 Shares of Intercontinental Exchange Inc. $ICE

New York State Common Retirement Fund decreased its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 5.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 697,153 shares of the financial services provider’s stock after selling 36,600 shares during the period. New York State Common Retirement Fund’s holdings in Intercontinental Exchange were worth $117,456,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ICE. one8zero8 LLC boosted its stake in Intercontinental Exchange by 5.3% in the third quarter. one8zero8 LLC now owns 1,790 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 90 shares during the last quarter. Traynor Capital Management Inc. acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $408,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Intercontinental Exchange by 1.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,451 shares of the financial services provider’s stock worth $15,408,000 after purchasing an additional 870 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Intercontinental Exchange by 6.1% in the 3rd quarter. Ballentine Partners LLC now owns 8,208 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 471 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Intercontinental Exchange by 2.0% during the third quarter. Federated Hermes Inc. now owns 405,802 shares of the financial services provider’s stock worth $68,370,000 after purchasing an additional 8,109 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on ICE. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. UBS Group restated a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $193.50.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $163.20, for a total transaction of $261,120.00. Following the completion of the transaction, the senior vice president owned 24,196 shares in the company, valued at approximately $3,948,787.20. This represents a 6.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mayur Kapani sold 5,345 shares of Intercontinental Exchange stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $156.67, for a total value of $837,401.15. Following the completion of the sale, the chief technology officer directly owned 65,240 shares in the company, valued at $10,221,150.80. This represents a 7.57% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 166,068 shares of company stock worth $25,470,702. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $174.96 on Friday. The firm has a market cap of $99.76 billion, a P/E ratio of 31.87, a PEG ratio of 2.13 and a beta of 1.03. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day moving average price is $163.64 and its two-hundred day moving average price is $167.03.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

About Intercontinental Exchange

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.