Yousif Capital Management LLC Sells 2,634 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Yousif Capital Management LLC decreased its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,492 shares of the financial services provider’s stock after selling 2,634 shares during the period. Yousif Capital Management LLC’s holdings in Intercontinental Exchange were worth $11,994,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ICE. Sargent Investment Group LLC increased its position in shares of Intercontinental Exchange by 117.1% during the 4th quarter. Sargent Investment Group LLC now owns 5,421 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 2,924 shares during the last quarter. Avitas Wealth Management LLC grew its stake in shares of Intercontinental Exchange by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 26,970 shares of the financial services provider’s stock valued at $4,019,000 after buying an additional 163 shares in the last quarter. Ninety One UK Ltd increased its holdings in Intercontinental Exchange by 8.3% during the fourth quarter. Ninety One UK Ltd now owns 1,489,289 shares of the financial services provider’s stock worth $221,919,000 after buying an additional 113,541 shares during the last quarter. Longboard Asset Management LP bought a new stake in Intercontinental Exchange during the fourth quarter worth $233,000. Finally, Commonwealth Financial Services LLC lifted its stake in Intercontinental Exchange by 10.0% in the fourth quarter. Commonwealth Financial Services LLC now owns 2,099 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.9 %

NYSE ICE opened at $160.71 on Thursday. The company has a market cap of $92.28 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 3.06 and a beta of 1.11. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $153.11 and a 200-day moving average of $156.71.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,795 shares of company stock valued at $2,120,572 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ICE. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Morgan Stanley increased their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Barclays reduced their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.27.

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.