First Washington CORP Grows Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

First Washington CORP increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,202 shares of the financial services provider’s stock after purchasing an additional 3,854 shares during the quarter. Intercontinental Exchange makes up 1.7% of First Washington CORP’s portfolio, making the stock its 26th biggest holding. First Washington CORP’s holdings in Intercontinental Exchange were worth $4,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ICE. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Intercontinental Exchange by 11.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,808 shares of the financial services provider’s stock valued at $8,279,000 after purchasing an additional 6,212 shares during the last quarter. Tredje AP fonden increased its stake in Intercontinental Exchange by 36.1% in the 2nd quarter. Tredje AP fonden now owns 154,662 shares of the financial services provider’s stock worth $21,172,000 after acquiring an additional 41,000 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Intercontinental Exchange by 127.1% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,060 shares of the financial services provider’s stock valued at $3,294,000 after acquiring an additional 13,465 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Intercontinental Exchange by 37.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 31,728 shares of the financial services provider’s stock worth $4,348,000 after purchasing an additional 8,714 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its position in Intercontinental Exchange by 20.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 27,012 shares of the financial services provider’s stock valued at $3,698,000 after purchasing an additional 4,678 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Citigroup raised their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Argus reiterated a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Finally, The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.36.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $162.81 on Wednesday. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $163.71. The company has a market capitalization of $93.39 billion, a PE ratio of 37.34, a P/E/G ratio of 2.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day simple moving average of $155.02 and a two-hundred day simple moving average of $142.35.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. Intercontinental Exchange’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 earnings per share. Research analysts expect that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now owns 46,815 shares in the company, valued at $6,397,737.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were 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 directly owns 64,471 shares of the company’s stock, valued at approximately $9,098,792.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the sale, the general counsel now directly owns 46,815 shares in the company, valued at $6,397,737.90. The disclosure for this sale can be found here. Insiders have sold 67,096 shares of company stock valued at $9,593,983 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.