Meeder Advisory Services Inc. Has $1.53 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Meeder Advisory Services Inc. lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,254 shares of the financial services provider’s stock after acquiring an additional 82 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Intercontinental Exchange were worth $1,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICE. Edgestream Partners L.P. acquired a new stake in Intercontinental Exchange in the third quarter valued at $516,000. Atom Investors LP bought a new position in shares of Intercontinental Exchange during the third quarter worth about $305,000. Benjamin Edwards Inc. lifted its stake in shares of Intercontinental Exchange by 150.4% in the third quarter. Benjamin Edwards Inc. now owns 7,191 shares of the financial services provider’s stock worth $1,155,000 after acquiring an additional 4,319 shares during the period. Centiva Capital LP boosted its holdings in Intercontinental Exchange by 114.0% in the third quarter. Centiva Capital LP now owns 8,883 shares of the financial services provider’s stock valued at $1,427,000 after acquiring an additional 4,733 shares during the last quarter. Finally, Hilltop Holdings Inc. acquired a new stake in Intercontinental Exchange during the 3rd quarter valued at approximately $1,405,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Bank of America decreased their target price on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $182.47.

Intercontinental Exchange Stock Down 0.6 %

Shares of NYSE ICE opened at $170.43 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $177.45. The stock has a market capitalization of $97.92 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a 50-day moving average price of $168.31 and a 200-day moving average price of $160.78.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Insiders Place Their Bets

In other news, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the transaction, the president now owns 147,274 shares in the company, valued at $25,247,181.82. The trade was a 5.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Douglas Foley sold 10,580 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the sale, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,563 shares of company stock valued at $10,998,990 in the last three months. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Company 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.