State of Alaska Department of Revenue raised its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,680 shares of the financial services provider’s stock after purchasing an additional 13,505 shares during the quarter. State of Alaska Department of Revenue’s holdings in Intercontinental Exchange were worth $23,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Carroll Financial Associates Inc. increased its stake in shares of Intercontinental Exchange by 51.3% in the 2nd quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock valued at $30,000 after buying an additional 122 shares during the period. Arlington Partners LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at $34,000. SevenBridge Financial Group LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at $46,000. Pittenger & Anderson Inc. acquired a new stake in shares of Intercontinental Exchange in the 1st quarter valued at $44,000. Finally, Contravisory Investment Management Inc. increased its stake in shares of Intercontinental Exchange by 23.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 855 shares of the financial services provider’s stock valued at $73,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 88.93% of the company’s stock.

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,490 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $89.53, for a total value of $222,929.70. Following the completion of the transaction, the general counsel now directly owns 41,516 shares of the company’s stock, valued at $3,716,927.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David S. Goone sold 7,689 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $92.00, for a total value of $707,388.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,525 shares of company stock valued at $15,622,176. Insiders own 1.50% of the company’s stock.

Shares of Intercontinental Exchange stock traded down $1.19 during trading on Monday, reaching $88.40. 89,967 shares of the company were exchanged, compared to its average volume of 1,746,252. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. Intercontinental Exchange Inc has a twelve month low of $69.69 and a twelve month high of $92.31. The business’s 50-day simple moving average is $87.89. The stock has a market cap of $49.76 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 2.88 and a beta of 0.49.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Intercontinental Exchange Inc will post 3.77 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on ICE shares. Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Raymond James lifted their target price on Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 5th. Wells Fargo & Co reissued a “buy” rating and issued a $36.00 target price on shares of Brookfield Renewable Partners in a research note on Thursday, April 4th. Finally, Bank of America set a $180.00 target price on CME Group and gave the company a “hold” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $88.21.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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