20,595 Shares in Intercontinental Exchange Inc. $ICE Bought by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new position in Intercontinental Exchange Inc. (NYSE:ICE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,595 shares of the financial services provider’s stock, valued at approximately $2,521,000.

Other large investors have also recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new stake in Intercontinental Exchange in the fourth quarter worth about $25,000. Brooklands Fund Management Ltd bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $28,000. Swiss RE Ltd. purchased a new stake in Intercontinental Exchange in the fourth quarter worth $28,000. Lloyd Advisory Services LLC. bought a new position in Intercontinental Exchange in the fourth quarter worth $30,000. Finally, Clearstead Trust LLC purchased a new position in Intercontinental Exchange during the second quarter valued at $37,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $178.00 price objective on shares of Intercontinental Exchange in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Barclays reiterated an “overweight” rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Finally, Morgan Stanley dropped their price target on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $183.33.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total value of $693,083.88. Following the completion of the sale, the general counsel owned 45,473 shares in the company, valued at approximately $6,891,887.88. This represents a 9.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Jefferson Hague sold 1,333 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $139.46, for a total value of $185,900.18. Following the completion of the transaction, the director owned 20,132 shares in the company, valued at $2,807,608.72. The trade was a 6.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 20,725 shares of company stock valued at $3,115,124. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $154.55 on Monday. The firm’s 50 day moving average price is $140.59 and its 200-day moving average price is $152.10. The stock has a market capitalization of $86.76 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92. Intercontinental Exchange Inc. has a twelve month low of $121.79 and a twelve month high of $182.86. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.81 EPS. Equities research analysts expect that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

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.