Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 17.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 50,422 shares of the financial services provider’s stock after selling 10,446 shares during the period. Reinhart Partners LLC.’s holdings in Intercontinental Exchange were worth $7,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ICE. M&T Bank Corp raised its holdings in shares of Intercontinental Exchange by 33.2% during the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider’s stock worth $7,500,000 after purchasing an additional 11,648 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Intercontinental Exchange by 1.6% in the third quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider’s stock worth $49,888,000 after buying an additional 4,973 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Intercontinental Exchange during the third quarter worth about $14,880,000. GDS Wealth Management raised its position in Intercontinental Exchange by 5.3% during the third quarter. GDS Wealth Management now owns 103,412 shares of the financial services provider’s stock valued at $16,612,000 after acquiring an additional 5,226 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Intercontinental Exchange by 6.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 169,270 shares of the financial services provider’s stock valued at $27,192,000 after acquiring an additional 10,399 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the transaction, the general counsel now directly owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,533 shares of company stock valued at $1,196,279 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE stock traded up $0.63 during trading hours on Monday, reaching $143.43. The company had a trading volume of 1,445,750 shares, compared to its average volume of 2,732,526. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $82.35 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.57 and a beta of 1.10. The stock has a fifty day moving average of $154.09 and a 200-day moving average of $155.43.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ICE shares. Barclays dropped their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research note on Monday. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. The Goldman Sachs Group upped their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $175.20.

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.