Ninety One UK Ltd Acquires 113,541 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Ninety One UK Ltd lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,489,289 shares of the financial services provider’s stock after buying an additional 113,541 shares during the period. Ninety One UK Ltd owned approximately 0.26% of Intercontinental Exchange worth $221,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Longboard Asset Management LP bought a new stake in Intercontinental Exchange during the fourth quarter worth $233,000. Commonwealth Financial Services LLC increased its holdings in shares of Intercontinental Exchange by 10.0% during the fourth quarter. Commonwealth Financial Services LLC now owns 2,099 shares of the financial services provider’s stock worth $313,000 after buying an additional 191 shares in the last quarter. Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of Intercontinental Exchange by 1.9% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 127,841 shares of the financial services provider’s stock valued at $19,050,000 after acquiring an additional 2,338 shares in the last quarter. Boston Trust Walden Corp bought a new stake in Intercontinental Exchange during the 4th quarter worth $269,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in Intercontinental Exchange by 54.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 367 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 130 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $159.37 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99. The firm has a market capitalization of $91.50 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 3.06 and a beta of 1.11. The firm has a fifty day simple moving average of $153.14 and a two-hundred day simple moving average of $156.63.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 601 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the sale, the insider now directly owns 12,922 shares in the company, valued at approximately $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,795 shares of company stock valued at $2,120,572 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.27.

Intercontinental Exchange 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.