Osmosis Investment Management UK Ltd Invests $2.27 Million in Intercontinental Exchange Inc. $ICE

Osmosis Investment Management UK Ltd purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,480 shares of the financial services provider’s stock, valued at approximately $2,275,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ares Financial Consulting LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $25,000. Brooklands Fund Management Ltd purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $28,000. Swiss RE Ltd. bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Lloyd Advisory Services LLC. bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $30,000. Finally, Rakuten Securities Inc. purchased a new stake in Intercontinental Exchange during the 2nd quarter worth about $26,000. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ICE shares. Raymond James Financial set a $208.00 price objective on shares of Intercontinental Exchange in a research report on Monday, July 6th. Barclays reaffirmed an “overweight” rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Morgan Stanley cut their price target on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Weiss Ratings lowered shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $183.33.

Insider Buying and Selling

In related news, CFO Warren Gardiner sold 2,491 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $156.30, for a total value of $389,343.30. Following the transaction, the chief financial officer owned 22,698 shares in the company, valued at $3,547,697.40. The trade was a 9.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $151.20, for a total value of $645,775.20. Following the completion of the transaction, the chief technology officer directly owned 67,988 shares in the company, valued at $10,279,785.60. This trade represents a 5.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,227 shares of company stock valued at $2,598,301. 0.84% of the stock is owned by company insiders.

Intercontinental Exchange Price Performance

ICE opened at $162.89 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $142.80 and its 200 day simple moving average is $151.54. The firm has a market cap of $91.45 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.57 and a beta of 0.92. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $181.65.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the firm posted $1.81 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, analysts predict that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.

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.