Intercontinental Exchange, Inc. (NYSE:ICE) Holdings Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,661 shares of the financial services provider’s stock after purchasing an additional 1,150 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Intercontinental Exchange were worth $8,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Annapolis Financial Services LLC boosted its position in Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares during the period. New Millennium Group LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the first quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $25,000. Finally, Venturi Wealth Management LLC increased its stake in Intercontinental Exchange by 82.3% in the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock valued at $28,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.8 %

Intercontinental Exchange stock opened at $161.55 on Friday. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $161.97. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 0.99. The firm has a market capitalization of $92.66 billion, a PE ratio of 37.05, a PEG ratio of 2.68 and a beta of 1.06. The business’s 50-day simple moving average is $149.21 and its 200-day simple moving average is $140.10.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Insider Transactions at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 395 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the completion of the transaction, the chief technology officer now directly owns 64,471 shares in the company, valued at $9,098,792.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total transaction of $80,920.82. Following the sale, the director now directly owns 3,958 shares of the company’s stock, valued at $629,242.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mayur Kapani sold 395 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the completion of the transaction, the chief technology officer now directly owns 64,471 shares of the company’s stock, valued at $9,098,792.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,346 shares of company stock valued at $9,472,911. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ICE. Citigroup lifted their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their price target for the company from $143.00 to $167.00 in a report on Monday, July 1st. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $164.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $154.93.

About Intercontinental Exchange

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.