Walter Public Investments Inc. Has $15.46 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Walter Public Investments Inc. trimmed its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,914 shares of the financial services provider’s stock after selling 167 shares during the period. Intercontinental Exchange accounts for approximately 2.8% of Walter Public Investments Inc.’s investment portfolio, making the stock its 14th biggest position. Walter Public Investments Inc.’s holdings in Intercontinental Exchange were worth $15,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ICE. Gilbert & Cook Inc. lifted its stake in Intercontinental Exchange by 5.5% in the 4th quarter. Gilbert & Cook Inc. now owns 3,636 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 188 shares during the last quarter. 9258 Wealth Management LLC boosted its stake in shares of Intercontinental Exchange by 29.9% during the 4th quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider’s stock worth $977,000 after acquiring an additional 1,752 shares during the period. Gryphon Financial Partners LLC increased its holdings in shares of Intercontinental Exchange by 38.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,356 shares of the financial services provider’s stock worth $511,000 after acquiring an additional 1,220 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Intercontinental Exchange by 14.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 64,554 shares of the financial services provider’s stock valued at $8,291,000 after acquiring an additional 7,913 shares during the period. Finally, Beacon Pointe Advisors LLC lifted its holdings in Intercontinental Exchange by 6.0% during the 4th quarter. Beacon Pointe Advisors LLC now owns 11,232 shares of the financial services provider’s stock valued at $1,443,000 after purchasing an additional 637 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ICE has been the topic of several research reports. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Barclays boosted their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Citigroup boosted their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.93.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $161.36 on Monday. The firm has a 50 day moving average of $154.20 and a 200-day moving average of $142.02. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $92.55 billion, a PE ratio of 37.01, a PEG ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The company’s revenue was up 22.7% on a year-over-year basis. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total transaction of $55,746.35. Following the completion of the transaction, the chief technology officer now owns 64,471 shares of the company’s stock, valued at $9,098,792.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $141.13, for a total transaction of $55,746.35. Following the sale, the chief technology officer now owns 64,471 shares of the company’s stock, valued at $9,098,792.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total transaction of $80,920.82. Following the transaction, the director now owns 3,958 shares of the company’s stock, valued at $629,242.84. The disclosure for this sale can be found here. Insiders sold a total of 67,096 shares of company stock worth $9,593,983 in the last ninety days. 1.10% of the stock is owned by insiders.

About Intercontinental Exchange

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.