Intercontinental Exchange Inc. $ICE Shares Bought by Odyssean LLC

Odyssean LLC raised its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 131.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,154 shares of the financial services provider’s stock after purchasing an additional 12,024 shares during the period. Odyssean LLC’s holdings in Intercontinental Exchange were worth $2,604,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ares Financial Consulting LLC bought a new position in Intercontinental Exchange in the fourth quarter worth about $25,000. Brooklands Fund Management Ltd bought a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $28,000. Swiss RE Ltd. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $30,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Intercontinental Exchange in the 2nd quarter worth approximately $26,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ICE. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $178.00 price objective on shares of Intercontinental Exchange in a research note on Friday, July 31st. The Goldman Sachs Group lowered their price target on shares of Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Morgan Stanley cut their price objective on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. UBS Group restated a “buy” rating and issued a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, Rothschild & Co Redburn set a $177.00 price objective on Intercontinental Exchange in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.33.

Intercontinental Exchange Stock Performance

ICE stock opened at $161.93 on Wednesday. The company has a market capitalization of $90.90 billion, a P/E ratio of 22.87, a PEG ratio of 1.58 and a beta of 0.92. The company has a 50-day simple moving average of $143.22 and a 200 day simple moving average of $151.53. Intercontinental Exchange Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $179.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter last year, the company earned $1.81 EPS. Intercontinental Exchange’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts predict that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other news, SVP Douglas Foley sold 7,300 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the completion of the transaction, the senior vice president owned 19,063 shares in the company, valued at approximately $2,838,099.44. This trade represents a 27.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Warren Gardiner sold 2,491 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $156.30, for a total transaction of $389,343.30. Following the completion of the transaction, the chief financial officer directly owned 22,698 shares in the company, valued at $3,547,697.40. This represents a 9.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 17,227 shares of company stock worth $2,598,301. Corporate insiders own 0.84% of the company’s stock.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.