Natixis Sells 105,854 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Natixis reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 64.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,118 shares of the financial services provider’s stock after selling 105,854 shares during the period. Natixis’ holdings in Intercontinental Exchange were worth $8,125,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pettyjohn Wood & White Inc. raised its position in shares of Intercontinental Exchange by 0.5% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock worth $2,031,000 after acquiring an additional 75 shares in the last quarter. Busey Bank raised its position in shares of Intercontinental Exchange by 3.4% in the 1st quarter. Busey Bank now owns 2,439 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 80 shares in the last quarter. Western Pacific Wealth Management LP raised its position in shares of Intercontinental Exchange by 4.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 80 shares in the last quarter. Spire Wealth Management raised its position in shares of Intercontinental Exchange by 16.4% in the 1st quarter. Spire Wealth Management now owns 582 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 82 shares in the last quarter. Finally, PDS Planning Inc raised its position in shares of Intercontinental Exchange by 2.8% in the 1st quarter. PDS Planning Inc now owns 3,092 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 83 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Up 1.0 %

ICE stock traded up $1.50 during mid-day trading on Thursday, reaching $149.01. 3,164,832 shares of the company traded hands, compared to its average volume of 2,418,839. The stock has a market cap of $85.47 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 2.64 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $150.39. The firm’s 50 day moving average price is $139.17 and its 200 day moving average price is $135.31.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. The business had revenue of $2.29 billion during 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 company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.41 EPS. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ICE shares. Citigroup lifted their price objective on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Rosenblatt Securities restated a “buy” rating and issued a $164.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Finally, Barclays raised their target price on Intercontinental Exchange from $150.00 to $159.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.07.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the transaction, the insider now owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction that occurred 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 transaction, the general counsel now owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Scott Edmonds sold 1,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the sale, the insider now directly owns 14,636 shares in the company, valued at approximately $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 in the last 90 days. 1.10% of the stock is currently owned by corporate 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.