Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 3,900 Shares of Intercontinental Exchange Inc. $ICE

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,706 shares of the financial services provider’s stock after selling 3,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Intercontinental Exchange were worth $16,472,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ares Financial Consulting LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $25,000. Dorato Capital Management bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $29,000. Steph & Co. grew its stake in shares of Intercontinental Exchange by 104.7% during the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 89 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $30,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Down 0.5%

Shares of NYSE:ICE opened at $141.36 on Friday. The stock has a 50 day moving average of $155.83 and a 200 day moving average of $159.72. The company has a market cap of $79.94 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 12-month low of $136.67 and a 12-month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the previous year, the firm earned $1.72 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts expect that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Mayur Kapani sold 4,271 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $155.42, for a total value of $663,798.82. Following the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at approximately $10,081,939.98. The trade was a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Warren Gardiner sold 2,490 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total value of $390,033.60. Following the completion of the transaction, the chief financial officer directly owned 25,189 shares in the company, valued at approximately $3,945,604.96. This represents a 9.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,001 shares of company stock valued at $1,847,820 in the last 90 days. 0.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ICE shares. Keefe, Bruyette & Woods started coverage on Intercontinental Exchange in a research note on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price target for the company. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Barclays restated an “overweight” rating and set a $201.00 price target (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Weiss Ratings downgraded Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $194.60.

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.