Gateway Investment Advisers LLC Sells 75 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Gateway Investment Advisers LLC reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 264,979 shares of the financial services provider’s stock after selling 75 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Intercontinental Exchange were worth $39,485,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at about $25,000. Wolff Wiese Magana LLC grew its position in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. increased its stake in Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after buying an additional 87 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Intercontinental Exchange during the 3rd quarter worth approximately $29,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded up $0.28 during trading on Thursday, hitting $148.52. 92,846 shares of the company were exchanged, compared to its average volume of 2,944,698. The company has a market cap of $85.28 billion, a PE ratio of 35.19, a P/E/G ratio of 2.29 and a beta of 1.10. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $167.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50 day moving average of $153.62 and a 200 day moving average of $155.53.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 EPS. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.06 EPS for the current year.

Analysts Set New Price Targets

ICE has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen assumed coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 price objective for the company. Finally, Barclays dropped their target price on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $175.20.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,533 shares of company stock valued at $1,196,279. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange 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.