Sapient Capital LLC Sells 81,428 Shares of Intercontinental Exchange Inc. $ICE

Sapient Capital LLC cut its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 93.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,718 shares of the financial services provider’s stock after selling 81,428 shares during the quarter. Sapient Capital LLC’s holdings in Intercontinental Exchange were worth $961,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ICE. Vanguard Group Inc. grew its position in Intercontinental Exchange by 1.4% during the second quarter. Vanguard Group Inc. now owns 53,685,491 shares of the financial services provider’s stock valued at $9,849,677,000 after acquiring an additional 745,135 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Intercontinental Exchange by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 12,438,154 shares of the financial services provider’s stock valued at $2,270,657,000 after purchasing an additional 145,961 shares during the last quarter. Norges Bank purchased a new position in Intercontinental Exchange in the 2nd quarter worth $1,542,780,000. Amundi lifted its stake in Intercontinental Exchange by 14.7% in the first quarter. Amundi now owns 6,315,706 shares of the financial services provider’s stock worth $1,060,574,000 after purchasing an additional 810,938 shares during the last quarter. Finally, Sands Capital Management LLC boosted its position in Intercontinental Exchange by 97.3% during the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after buying an additional 2,620,310 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ICE shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Tuesday, December 23rd. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. JPMorgan Chase & Co. cut their target price on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Raymond James Financial raised shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 target price on the stock in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of “Buy” and an average price target of $194.30.

Insider Activity

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,345 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $156.67, for a total transaction of $837,401.15. Following the sale, the chief technology officer directly owned 65,240 shares of the company’s stock, valued at approximately $10,221,150.80. The trade was a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith A. Sprieser sold 3,700 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $157.96, for a total value of $584,452.00. Following the transaction, the director owned 14,469 shares in the company, valued at $2,285,523.24. This trade represents a 20.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 176,150 shares of company stock worth $27,072,531. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Price Performance

ICE opened at $163.53 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $93.24 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. The stock’s 50 day moving average price is $155.72 and its 200-day moving average price is $168.92. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. On average, equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS 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.