Intercontinental Exchange Inc. $ICE Shares Sold by EULAV Asset Management

EULAV Asset Management cut its position in Intercontinental Exchange Inc. (NYSE:ICE) by 44.7% in the fourth quarter, Holdings Channel reports. The firm owned 164,833 shares of the financial services provider’s stock after selling 133,000 shares during the period. EULAV Asset Management’s holdings in Intercontinental Exchange were worth $26,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ICE. Ares Financial Consulting LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $25,000. Holos Integrated Wealth LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth about $28,000. Steph & Co. increased its position in Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 89 shares during the period. Dorato Capital Management acquired a new position in Intercontinental Exchange in the 4th quarter valued at about $29,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Intercontinental Exchange in the 4th quarter valued at about $30,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,573 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total value of $693,083.88. Following the sale, the general counsel owned 45,473 shares of the company’s stock, valued at approximately $6,891,887.88. The trade was a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total value of $390,033.60. Following the completion of the sale, the chief financial officer directly owned 25,189 shares in the company, valued at $3,945,604.96. This represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,001 shares of company stock worth $1,847,820 over the last quarter. 0.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on ICE shares. UBS Group restated a “buy” rating and issued a $205.00 price target on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Morgan Stanley boosted their price target on Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Friday, March 6th. Finally, Weiss Ratings cut Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.60.

Intercontinental Exchange Price Performance

Shares of ICE opened at $141.36 on Friday. Intercontinental Exchange Inc. has a twelve month low of $136.67 and a twelve month high of $189.35. The stock’s 50 day moving average is $155.83 and its two-hundred day moving average is $159.72. The firm has a market capitalization of $79.94 billion, a PE ratio of 20.58, a P/E/G 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 (NYSE:ICE) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating 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 analyst estimates of $2.88 billion. During the same quarter in the previous year, the company earned $1.72 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Intercontinental Exchange Profile

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.