Intercontinental Exchange Inc. (ICE) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board reduced its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 8.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 55,020 shares of the financial services provider’s stock after selling 5,400 shares during the period. New Mexico Educational Retirement Board’s holdings in Intercontinental Exchange were worth $3,670,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Norway Savings Bank boosted its stake in shares of Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock worth $108,000 after buying an additional 235 shares during the period. Bessemer Group Inc. boosted its stake in shares of Intercontinental Exchange by 186.5% in the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,240 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of Intercontinental Exchange during the second quarter worth about $128,000. Guardian Life Insurance Co. of America boosted its stake in shares of Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock worth $138,000 after buying an additional 16 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Intercontinental Exchange by 117.0% in the first quarter. Clearbridge Investments LLC now owns 2,346 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,265 shares during the period. 89.38% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Inc. (NYSE ICE) traded down 0.86% during mid-day trading on Friday, reaching $64.59. The company’s stock had a trading volume of 1,852,295 shares. Intercontinental Exchange Inc. has a 52 week low of $52.27 and a 52 week high of $67.48. The firm has a 50-day moving average of $65.84 and a 200-day moving average of $61.74. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.71.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.75. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. Intercontinental Exchange’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that Intercontinental Exchange Inc. will post $2.95 earnings per share for the current year.

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A number of analysts recently issued reports on ICE shares. Royal Bank Of Canada reissued a “buy” rating on shares of Intercontinental Exchange in a research report on Tuesday. Jefferies Group LLC reissued a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Thursday, July 13th. BidaskClub raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $66.00 price objective (down from $67.00) on shares of Intercontinental Exchange in a research report on Monday, May 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $68.36.

In other news, insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total transaction of $836,625.00. Following the completion of the transaction, the insider now directly owns 382,471 shares in the company, valued at $25,598,784.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey C. Sprecher sold 73,374 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.91, for a total value of $4,395,836.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,024 shares of company stock valued at $9,732,522. 1.50% of the stock is currently owned by insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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