Wilson Asset Management International PTY Ltd. Cuts Position in Intercontinental Exchange Inc. $ICE

Wilson Asset Management International PTY Ltd. decreased its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.3% during the 2nd quarter, Holdings Channel reports. The firm owned 130,543 shares of the financial services provider’s stock after selling 10,308 shares during the quarter. Intercontinental Exchange comprises 5.9% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 4th largest position. Wilson Asset Management International PTY Ltd.’s holdings in Intercontinental Exchange were worth $23,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tsfg LLC boosted its position in shares of Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 103 shares in the last quarter. Activest Wealth Management raised its stake in Intercontinental Exchange by 4,050.0% during the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after buying an additional 162 shares during the period. Rakuten Securities Inc. raised its stake in Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider’s stock worth $29,000 after buying an additional 143 shares during the period. Hilltop National Bank acquired a new position in Intercontinental Exchange during the 2nd quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Intercontinental Exchange during the 1st quarter worth approximately $30,000. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,900 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the transaction, the director directly owned 18,169 shares of the company’s stock, valued at approximately $3,170,672.19. This represents a 13.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 3,850 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $178.33, for a total value of $686,570.50. Following the transaction, the general counsel directly owned 46,293 shares of the company’s stock, valued at approximately $8,255,430.69. This trade represents a 7.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 240,956 shares of company stock valued at $43,789,542 in the last quarter. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE stock opened at $158.85 on Tuesday. The business has a 50 day moving average of $173.41 and a 200-day moving average of $173.99. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. The firm has a market cap of $90.93 billion, a PE ratio of 30.49, a P/E/G ratio of 1.93 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.04. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company earned $1.52 earnings per share. Intercontinental Exchange’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Analyst Ratings Changes

ICE has been the topic of a number of research reports. Morgan Stanley dropped their price target on Intercontinental Exchange from $192.00 to $188.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Intercontinental Exchange from $195.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Raymond James Financial raised Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price objective for the company in a research note on Monday. Finally, Barclays reissued an “overweight” rating and issued a $201.00 price objective (down from $212.00) on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.60.

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.