Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,426 shares of the financial services provider’s stock after purchasing an additional 212 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Intercontinental Exchange were worth $440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $25,000. Jones Financial Companies Lllp acquired a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $28,000. BKM Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $31,000. Finally, First Capital Advisors Group LLC. acquired a new position in shares of Intercontinental Exchange in the 2nd quarter worth approximately $35,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 27,970 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $134.74, for a total transaction of $3,768,677.80. Following the completion of the sale, the president now owns 138,487 shares in the company, valued at approximately $18,659,738.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Benjamin Jackson sold 27,970 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $134.74, for a total transaction of $3,768,677.80. Following the completion of the sale, the president now owns 138,487 shares in the company, valued at approximately $18,659,738.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Douglas Foley sold 7,070 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $136.09, for a total transaction of $962,156.30. Following the sale, the senior vice president now owns 18,383 shares of the company’s stock, valued at approximately $2,501,742.47. The disclosure for this sale can be found here. Insiders sold a total of 157,491 shares of company stock worth $21,454,204 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Rosenblatt Securities upped their price objective on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Raymond James upped their target price on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 5th. JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. UBS Group upped their target price on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Morgan Stanley upped their target price on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

Intercontinental Exchange Trading Up 0.2 %

NYSE ICE opened at $131.20 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s fifty day moving average price is $136.27 and its 200 day moving average price is $124.42. The company has a market capitalization of $75.13 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 2.07 and a beta of 1.02. Intercontinental Exchange, Inc. has a 12 month low of $103.81 and a 12 month high of $140.43.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company’s revenue was up 24.5% on a year-over-year basis. During the same period last year, the firm posted $1.25 EPS. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 5.98 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

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.