Trillium Asset Management LLC Sells 1,417 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Trillium Asset Management LLC lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 64,185 shares of the financial services provider’s stock after selling 1,417 shares during the period. Trillium Asset Management LLC’s holdings in Intercontinental Exchange were worth $8,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth about $25,000. Annapolis Financial Services LLC raised its stake in shares of Intercontinental Exchange by 1,018.8% in the first 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 last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Intercontinental Exchange during the first quarter worth approximately $26,000. Fortitude Family Office LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $28,000. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Down 0.1 %

ICE traded down $0.08 during mid-day trading on Friday, hitting $147.68. The stock had a trading volume of 2,447,890 shares, compared to its average volume of 2,399,479. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $149.60. The firm has a market capitalization of $84.71 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 2.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s fifty day simple moving average is $138.11 and its 200-day simple moving average is $134.63.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data 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 business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the business posted $1.41 EPS. The firm’s revenue was up 20.8% compared to the same quarter last year. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on ICE shares. Bank of America reduced their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Citigroup raised their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $143.00 to $167.00 in a report on Monday, July 1st. Keefe, Bruyette & Woods reduced their target price on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.07.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $141.13, for a total value of $55,746.35. Following the transaction, the chief technology officer now owns 64,471 shares of the company’s stock, valued at $9,098,792.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total transaction of $55,746.35. Following the completion of the transaction, the chief technology officer now owns 64,471 shares in the company, valued at approximately $9,098,792.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the completion of the sale, the insider now owns 14,636 shares in the company, valued at $2,174,909.60. The disclosure for this sale can be found here. Insiders have sold a total of 64,290 shares of company stock valued at $9,086,274 over the last 90 days. 1.10% of the stock is owned by company insiders.

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.