Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.6% during the first quarter, Holdings Channel.com reports. The fund owned 667,159 shares of the financial services provider’s stock after purchasing an additional 23,066 shares during the quarter. Intercontinental Exchange comprises 4.6% of Dixon Mitchell Investment Counsel Inc.’s portfolio, making the stock its 4th biggest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in Intercontinental Exchange were worth $91,930,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its position in shares of Intercontinental Exchange by 27.3% during the fourth quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock valued at $7,311,000 after buying an additional 12,208 shares during the period. Wellington Management Group LLP grew its holdings in shares of 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 worth $2,105,994,000 after purchasing an additional 4,251,371 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Intercontinental Exchange by 8.5% during the fourth quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock worth $3,253,000 after purchasing an additional 1,991 shares in the last quarter. Point72 Europe London LLP grew its holdings in shares of Intercontinental Exchange by 10.9% during the fourth quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock worth $8,515,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Intercontinental Exchange by 0.4% during the first quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock worth $204,495,000 after purchasing an additional 6,272 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, April 25th. The shares were bought at an average cost of $0.87 per share, with a total value of $305,265.60. Following the transaction, the insider now directly owns 649,934 shares of the company’s stock, valued at approximately $565,442.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Intercontinental Exchange, Inc purchased 350,880 shares of Intercontinental Exchange stock in a transaction on Thursday, April 25th. The shares were acquired at an average cost of $0.87 per share, with a total value of $305,265.60. Following the completion of the transaction, the insider now directly owns 649,934 shares in the company, valued at approximately $565,442.58. The disclosure for this purchase can be found here. Insiders have sold 62,894 shares of company stock valued at $8,620,792 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 2.8 %

NYSE ICE traded up $3.89 on Tuesday, reaching $140.82. 3,303,060 shares of the stock traded hands, compared to its average volume of 2,356,674. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. The company has a fifty day moving average price of $134.62 and a 200-day moving average price of $133.00. The company has a market cap of $80.77 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.55 and a beta of 1.06. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $140.98.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company posted $1.41 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ICE has been the subject of several research reports. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their target price for the stock from $143.00 to $167.00 in a research note on Monday. Bank of America lowered their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, April 19th. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Citigroup upped their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Argus reiterated a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.29.

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.