Doliver Advisors LP Sells 92 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Doliver Advisors LP lessened its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,844 shares of the financial services provider’s stock after selling 92 shares during the period. Doliver Advisors LP’s holdings in Intercontinental Exchange were worth $722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ICE. Victory Capital Management Inc. raised its holdings in shares of Intercontinental Exchange by 17.0% in the second quarter. Victory Capital Management Inc. now owns 251,633 shares of the financial services provider’s stock valued at $34,446,000 after acquiring an additional 36,616 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Intercontinental Exchange by 1.1% during the second quarter. New York Life Investment Management LLC now owns 87,348 shares of the financial services provider’s stock valued at $11,957,000 after buying an additional 980 shares during the period. Private Advisor Group LLC raised its stake in Intercontinental Exchange by 11.4% in the second quarter. Private Advisor Group LLC now owns 29,381 shares of the financial services provider’s stock worth $4,022,000 after buying an additional 2,998 shares in the last quarter. Candriam S.C.A. lifted its holdings in Intercontinental Exchange by 20.6% during the second quarter. Candriam S.C.A. now owns 179,127 shares of the financial services provider’s stock worth $24,520,000 after buying an additional 30,572 shares during the period. Finally, Savant Capital LLC boosted its position in Intercontinental Exchange by 3.9% during the 2nd quarter. Savant Capital LLC now owns 8,005 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 302 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Performance

ICE stock traded down $2.85 during midday trading on Monday, reaching $146.99. The stock had a trading volume of 1,536,726 shares, compared to its average volume of 1,527,007. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day simple moving average of $155.74 and a two-hundred day simple moving average of $155.15. The stock has a market cap of $84.40 billion, a PE ratio of 34.83, a P/E/G ratio of 2.57 and a beta of 1.10. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $1.46 earnings per share. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on ICE shares. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a report on Monday, October 14th. Bank of America boosted their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley raised their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.07.

Insiders Place Their Bets

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the sale, the general counsel now owns 44,702 shares in the company, valued at $6,977,088.16. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,533 shares of company stock valued at $1,196,279. 1.10% of the stock is owned by insiders.

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.