Healthcare of Ontario Pension Plan Trust Fund Raises Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 334.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,700 shares of the financial services provider’s stock after buying an additional 83,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Intercontinental Exchange were worth $11,336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vestcor Inc grew its position in Intercontinental Exchange by 0.5% during the fourth quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock valued at $1,839,000 after purchasing an additional 94 shares in the last quarter. Capital Impact Advisors LLC lifted its stake in Intercontinental Exchange by 7.0% in the fourth quarter. Capital Impact Advisors LLC now owns 1,509 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 99 shares during the last quarter. Piscataqua Savings Bank lifted its stake in Intercontinental Exchange by 35.1% in the first quarter. Piscataqua Savings Bank now owns 385 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. Millburn Ridgefield Corp lifted its stake in Intercontinental Exchange by 4.3% in the first quarter. Millburn Ridgefield Corp now owns 2,474 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 102 shares during the last quarter. Finally, Associated Banc Corp lifted its stake in Intercontinental Exchange by 3.2% in the fourth quarter. Associated Banc Corp now owns 3,308 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 87.91% of the company’s stock.

Insider Activity

In related news, President Benjamin Jackson sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $115.54, for a total transaction of $346,620.00. Following the transaction, the president now directly owns 125,647 shares in the company, valued at $14,517,254.38. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, President Benjamin Jackson sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $115.54, for a total value of $346,620.00. Following the completion of the transaction, the president now owns 125,647 shares of the company’s stock, valued at $14,517,254.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Martha A. Tirinnanzi sold 496 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $113.56, for a total value of $56,325.76. Following the transaction, the director now directly owns 2,878 shares of the company’s stock, valued at approximately $326,825.68. The disclosure for this sale can be found here. Insiders have sold 6,636 shares of company stock worth $762,279 over the last ninety days. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intercontinental Exchange from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Barclays reduced their price objective on shares of Intercontinental Exchange from $128.00 to $122.00 and set an “equal weight” rating for the company in a research note on Friday, August 4th. Citigroup raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $117.00 to $130.00 in a research report on Friday, August 4th. UBS Group boosted their target price on shares of Intercontinental Exchange from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $114.96 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $64.41 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.32 and a beta of 0.93. The company’s 50 day moving average price is $115.05 and its two-hundred day moving average price is $109.13. Intercontinental Exchange, Inc. has a 52 week low of $88.60 and a 52 week high of $118.79.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.37 by $0.06. Intercontinental Exchange had a net margin of 17.64% and a return on equity of 13.11%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the company posted $1.32 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts expect that Intercontinental Exchange, Inc. will post 5.65 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.42 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.46%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 55.81%.

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.