Boys Arnold & Co. Inc. Acquires 900 Shares of Intercontinental Exchange Inc (ICE)

Boys Arnold & Co. Inc. boosted its stake in Intercontinental Exchange Inc (NYSE:ICE) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,945 shares of the financial services provider’s stock after buying an additional 900 shares during the period. Boys Arnold & Co. Inc.’s holdings in Intercontinental Exchange were worth $1,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in Intercontinental Exchange by 446.6% in the fourth quarter. State Street Corp now owns 25,166,147 shares of the financial services provider’s stock valued at $1,419,869,000 after buying an additional 20,561,965 shares during the last quarter. FMR LLC increased its position in Intercontinental Exchange by 782.0% in the fourth quarter. FMR LLC now owns 7,485,008 shares of the financial services provider’s stock valued at $422,305,000 after buying an additional 6,636,347 shares during the last quarter. Janus Capital Management LLC increased its position in Intercontinental Exchange by 364.1% in the fourth quarter. Janus Capital Management LLC now owns 6,069,377 shares of the financial services provider’s stock valued at $342,545,000 after buying an additional 4,761,527 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Intercontinental Exchange by 510.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,515,439 shares of the financial services provider’s stock valued at $311,181,000 after buying an additional 4,612,454 shares during the last quarter. Finally, Norges Bank bought a new position in Intercontinental Exchange during the fourth quarter valued at about $228,969,000. Hedge funds and other institutional investors own 28.85% of the company’s stock.

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

Shares of Intercontinental Exchange Inc (NYSE:ICE) opened at 59.32 on Friday. Intercontinental Exchange Inc has a 12 month low of $48.15 and a 12 month high of $61.98. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 22.90 and a beta of 0.96. The stock’s 50 day moving average is $59.88 and its 200 day moving average is $58.19.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Intercontinental Exchange had a net margin of 23.87% and a return on equity of 10.79%. Intercontinental Exchange’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.68 earnings per share. Equities research analysts forecast that Intercontinental Exchange Inc will post $2.99 earnings per share for the current fiscal year.

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ICE has been the topic of several research reports. Jefferies Group LLC restated a “buy” rating and set a $70.00 price objective on shares of Intercontinental Exchange in a report on Monday, April 10th. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, March 8th. Royal Bank of Canada initiated coverage on shares of Intercontinental Exchange in a report on Friday, March 31st. They set a “sector perform” rating and a $60.00 price objective on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $65.50 price objective on shares of Intercontinental Exchange in a report on Wednesday, April 12th. Finally, Deutsche Bank AG restated a “buy” rating and set a $66.00 price objective (down previously from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $63.39.

In related news, insider David S. Goone sold 44,755 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $61.00, for a total value of $2,730,055.00. Following the transaction, the insider now directly owns 200,657 shares in the company, valued at $12,240,077. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 3,365 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $58.65, for a total transaction of $197,357.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,440 shares of company stock worth $8,208,314. 1.40% of the stock is owned by company insiders.

About Intercontinental Exchange

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.

12 Month Chart for NYSE:ICE

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