Teza Capital Management LLC Purchases 11,217 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Teza Capital Management LLC raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 75.2% in the fourth quarter, Holdings Channel reports. The firm owned 26,130 shares of the financial services provider’s stock after acquiring an additional 11,217 shares during the quarter. Intercontinental Exchange accounts for 0.6% of Teza Capital Management LLC’s holdings, making the stock its 29th biggest holding. Teza Capital Management LLC’s holdings in Intercontinental Exchange were worth $3,894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Advisors LLC grew its stake in shares of Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 66 shares during the period. Commons Capital LLC grew its position in Intercontinental Exchange by 1.2% during the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock valued at $886,000 after buying an additional 69 shares during the period. Brooklyn Investment Group grew its position in Intercontinental Exchange by 2.2% during the fourth quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider’s stock valued at $475,000 after buying an additional 70 shares during the period. Clear Harbor Asset Management LLC grew its position in Intercontinental Exchange by 3.7% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider’s stock valued at $294,000 after buying an additional 70 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in Intercontinental Exchange by 2.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock valued at $465,000 after buying an additional 71 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Barclays boosted their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Bank of America reduced their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $185.93.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 17,104 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the sale, the president now directly owns 155,174 shares of the company’s stock, valued at $25,855,091.88. This represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the sale, the insider now directly owns 17,972 shares of the company’s stock, valued at approximately $3,001,144.28. This trade represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,368 shares of company stock valued at $7,077,789 over the last three months. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Trading Up 0.7%

NYSE ICE opened at $176.10 on Friday. The company’s 50-day moving average price is $167.31 and its 200-day moving average price is $161.23. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market cap of $101.01 billion, a PE ratio of 36.84, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 39.75%.

Intercontinental Exchange Company 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.