Teacher Retirement System of Texas raised its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,066,588 shares of the financial services provider’s stock after buying an additional 9,793 shares during the period. Teacher Retirement System of Texas’ holdings in Intercontinental Exchange were worth $70,309,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of ICE. BlackRock Inc. boosted its stake in Intercontinental Exchange by 2,943.4% in the first quarter. BlackRock Inc. now owns 35,050,179 shares of the financial services provider’s stock worth $2,098,452,000 after buying an additional 33,898,484 shares during the period. OppenheimerFunds Inc. raised its position in shares of Intercontinental Exchange by 340.8% in the first quarter. OppenheimerFunds Inc. now owns 5,641,157 shares of the financial services provider’s stock worth $337,737,000 after buying an additional 4,361,480 shares in the last quarter. FMR LLC raised its position in shares of Intercontinental Exchange by 19.3% in the first quarter. FMR LLC now owns 8,929,000 shares of the financial services provider’s stock worth $534,580,000 after buying an additional 1,443,992 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Intercontinental Exchange by 3.8% in the first quarter. Vanguard Group Inc. now owns 39,318,668 shares of the financial services provider’s stock worth $2,354,009,000 after buying an additional 1,425,397 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Intercontinental Exchange during the first quarter worth $74,077,000. Hedge funds and other institutional investors own 89.50% of the company’s stock.
Intercontinental Exchange Inc. (NYSE ICE) opened at 65.16 on Friday. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 24.14 and a beta of 0.71. Intercontinental Exchange Inc. has a 1-year low of $52.27 and a 1-year high of $67.48. The firm has a 50-day moving average of $65.78 and a 200-day moving average of $61.42.
Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that Intercontinental Exchange Inc. will post $2.95 EPS for the current year.
ICE has been the topic of a number of research reports. Royal Bank Of Canada set a $61.00 price target on shares of Intercontinental Exchange and gave the company a “hold” rating in a research note on Thursday, April 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $66.00 price target (down from $67.00) on shares of Intercontinental Exchange in a research note on Monday, May 15th. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of Intercontinental Exchange in a research note on Monday, June 26th. Finally, Citigroup Inc. initiated coverage on shares of Intercontinental Exchange in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $67.49.
In other Intercontinental Exchange news, Director Jean Marc Forneri sold 6,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $58.27, for a total transaction of $349,620.00. Following the transaction, the director now directly owns 47,350 shares in the company, valued at $2,759,084.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 73,374 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $59.91, for a total transaction of $4,395,836.34. The disclosure for this sale can be found here. Insiders have sold 166,389 shares of company stock worth $10,279,500 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
About Intercontinental Exchange
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.
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