Intercontinental Exchange, Inc. (NYSE:ICE) Stake Increased by Running Oak Capital LLC

Running Oak Capital LLC raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,685 shares of the financial services provider’s stock after purchasing an additional 6,586 shares during the period. Intercontinental Exchange comprises about 1.8% of Running Oak Capital LLC’s portfolio, making the stock its 19th largest holding. Running Oak Capital LLC’s holdings in Intercontinental Exchange were worth $11,501,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Intercontinental Exchange by 2.2% during the third quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock valued at $5,162,041,000 after purchasing an additional 1,012,034 shares during the last quarter. Wellington Management Group LLP increased its stake in Intercontinental Exchange by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after purchasing an additional 4,251,371 shares during the last quarter. Capital World Investors boosted its holdings in shares of Intercontinental Exchange by 35.6% during the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock valued at $1,238,559,000 after acquiring an additional 2,530,119 shares during the period. Parnassus Investments LLC boosted its holdings in shares of Intercontinental Exchange by 23.8% during the fourth quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock valued at $1,082,646,000 after acquiring an additional 1,621,737 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Intercontinental Exchange by 3.9% during the third quarter. Northern Trust Corp now owns 7,567,921 shares of the financial services provider’s stock valued at $832,623,000 after acquiring an additional 282,963 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.5 %

Shares of ICE traded up $0.73 during trading hours on Friday, reaching $137.84. The company’s stock had a trading volume of 4,999,394 shares, compared to its average volume of 1,989,912. The firm has a market cap of $79.06 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 2.55 and a beta of 1.06. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $140.43. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $133.83 and a two-hundred day moving average of $132.02.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the sale, the general counsel now owns 48,713 shares of the company’s stock, valued at $6,417,450.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,238 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $137.36, for a total transaction of $307,411.68. Following the transaction, the director now owns 29,347 shares of the company’s stock, valued at approximately $4,031,103.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,234 shares of company stock valued at $8,668,823. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Citigroup upped their price objective on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Rosenblatt Securities reissued a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a report on Friday, May 3rd. JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods cut their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.29.

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.