Strs Ohio Sells 7,535 Shares of Intercontinental Exchange Inc. $ICE

Strs Ohio lowered its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 4.0% during the first quarter, HoldingsChannel reports. The firm owned 181,242 shares of the financial services provider’s stock after selling 7,535 shares during the quarter. Strs Ohio’s holdings in Intercontinental Exchange were worth $28,506,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Ares Financial Consulting LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $25,000. Holos Integrated Wealth LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Steph & Co. lifted its stake in Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after buying an additional 89 shares in the last quarter. Brooklands Fund Management Ltd bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Finally, Swiss RE Ltd. acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ICE. Rothschild & Co Redburn set a $177.00 price objective on shares of Intercontinental Exchange in a research report on Thursday, June 11th. The Goldman Sachs Group cut their price objective on shares of Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group reaffirmed a “buy” rating and issued a $205.00 target price on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. Keefe, Bruyette & Woods began coverage on Intercontinental Exchange in a report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 target price for the company. Finally, Weiss Ratings downgraded Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $188.58.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total transaction of $693,083.88. Following the sale, the general counsel owned 45,473 shares in the company, valued at $6,891,887.88. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Warren Gardiner sold 2,490 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total value of $390,033.60. Following the completion of the sale, the chief financial officer directly owned 25,189 shares of the company’s stock, valued at approximately $3,945,604.96. The trade was a 9.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,425 shares of company stock valued at $2,046,324. Corporate insiders own 0.84% of the company’s stock.

Intercontinental Exchange Trading Down 0.3%

Shares of NYSE:ICE opened at $132.57 on Friday. The company’s 50-day moving average price is $144.62 and its two-hundred day moving average price is $156.46. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $189.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $74.97 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.Intercontinental Exchange’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 EPS. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 8.37 EPS for the current fiscal year.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.