Public Employees Retirement Association of Colorado cut its position in Intercontinental Exchange Inc (NYSE:ICE) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,373,746 shares of the financial services provider’s stock after selling 105,896 shares during the period. Public Employees Retirement Association of Colorado owned 0.24% of Intercontinental Exchange worth $118,060,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of Intercontinental Exchange by 8.1% during the second quarter. Signaturefd LLC now owns 2,038 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 152 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Intercontinental Exchange by 18.0% during the second quarter. Advisor Group Inc. now owns 25,691 shares of the financial services provider’s stock worth $2,208,000 after buying an additional 3,921 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Intercontinental Exchange by 2.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,870 shares of the financial services provider’s stock worth $676,000 after buying an additional 160 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Intercontinental Exchange during the second quarter worth approximately $306,000. Finally, Aperio Group LLC raised its stake in shares of Intercontinental Exchange by 6.2% during the second quarter. Aperio Group LLC now owns 334,427 shares of the financial services provider’s stock worth $28,741,000 after buying an additional 19,438 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Raymond James boosted their price target on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 5th. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Finally, Citigroup downgraded shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and upped their target price for the company from $92.00 to $99.00 in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.21.

In other news, CEO Jeffrey C. Sprecher sold 53,166 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $81.26, for a total value of $4,320,269.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Crisp sold 2,445 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $81.10, for a total transaction of $198,289.50. The disclosure for this sale can be found here. Insiders sold 179,966 shares of company stock valued at $15,414,996 in the last ninety days. Insiders own 1.50% of the company’s stock.

NYSE:ICE traded up $1.43 during trading hours on Tuesday, hitting $92.02. The stock had a trading volume of 72,268 shares, compared to its average volume of 2,053,113. Intercontinental Exchange Inc has a one year low of $69.69 and a one year high of $93.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $52.05 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.50. The firm has a 50 day moving average price of $89.53.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Intercontinental Exchange Inc will post 3.78 EPS for the current fiscal year.

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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