TimesSquare Capital Management LLC Sells 2,585 Shares of Intercontinental Exchange Inc. (ICE)

TimesSquare Capital Management LLC decreased its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,865 shares of the financial services provider’s stock after selling 2,585 shares during the period. TimesSquare Capital Management LLC’s holdings in Intercontinental Exchange were worth $8,314,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ICE. Emerald Advisers Inc. PA raised its stake in shares of Intercontinental Exchange by 0.3% in the first quarter. Emerald Advisers Inc. PA now owns 12,720 shares of the financial services provider’s stock valued at $762,000 after buying an additional 39 shares in the last quarter. FCG Advisors LLC raised its stake in shares of Intercontinental Exchange by 1.1% in the first quarter. FCG Advisors LLC now owns 6,125 shares of the financial services provider’s stock valued at $367,000 after buying an additional 65 shares in the last quarter. Aspen Investment Management Inc raised its stake in shares of Intercontinental Exchange by 0.8% in the first quarter. Aspen Investment Management Inc now owns 8,770 shares of the financial services provider’s stock valued at $525,000 after buying an additional 70 shares in the last quarter. Cleararc Capital Inc. raised its stake in shares of Intercontinental Exchange by 0.8% in the first quarter. Cleararc Capital Inc. now owns 14,585 shares of the financial services provider’s stock valued at $873,000 after buying an additional 109 shares in the last quarter. Finally, Marietta Investment Partners LLC raised its stake in shares of Intercontinental Exchange by 1.1% in the first quarter. Marietta Investment Partners LLC now owns 13,960 shares of the financial services provider’s stock valued at $836,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

Shares of Intercontinental Exchange Inc. (ICE) traded down 0.17% on Tuesday, hitting $64.66. The company had a trading volume of 851,370 shares. The firm has a 50 day moving average of $61.00 and a 200-day moving average of $59.31. The firm has a market capitalization of $7.44 billion, a P/E ratio of 24.97 and a beta of 0.77. Intercontinental Exchange Inc. has a 12-month low of $48.15 and a 12-month high of $65.00.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Intercontinental Exchange had a return on equity of 10.67% and a net margin of 26.48%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm posted $3.68 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Intercontinental Exchange Inc. will post $2.99 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2655800/timessquare-capital-management-llc-sells-2585-shares-of-intercontinental-exchange-inc-ice.html.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. BidaskClub upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada set a $65.00 price target on Intercontinental Exchange and gave the company a “hold” rating in a report on Tuesday, June 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $65.50 price target on shares of Intercontinental Exchange in a report on Wednesday, April 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $70.00 price target on shares of Intercontinental Exchange in a report on Monday, April 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $65.15.

In other news, Director William Jefferson Hague sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.94, for a total value of $68,931.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 73,374 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $59.91, for a total value of $4,395,836.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,089 shares of company stock valued at $10,990,583. Insiders own 1.50% of the company’s stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ICE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc. (NYSE:ICE).

Receive News & Ratings for Intercontinental Exchange Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.