Sciencast Management LP Purchases 2,827 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Sciencast Management LP grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,403 shares of the financial services provider’s stock after buying an additional 2,827 shares during the quarter. Intercontinental Exchange accounts for about 0.8% of Sciencast Management LP’s investment portfolio, making the stock its 28th biggest position. Sciencast Management LP’s holdings in Intercontinental Exchange were worth $3,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sierra Ocean LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at $25,000. FSA Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the third quarter valued at $31,000. Lee Danner & Bass Inc. bought a new position in shares of Intercontinental Exchange in the fourth quarter worth about $34,000. BankPlus Trust Department purchased a new position in Intercontinental Exchange in the 4th quarter worth about $40,000. Finally, Golden State Wealth Management LLC bought a new stake in Intercontinental Exchange during the 4th quarter valued at about $51,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the transaction, the insider now owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now owns 66,548 shares of the company’s stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock worth $10,998,990 in the last ninety days. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Stock Performance

ICE stock opened at $174.42 on Friday. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $175.99. The firm has a market cap of $100.22 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50-day simple moving average of $164.29 and a two-hundred day simple moving average of $160.09.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.10%. Intercontinental Exchange’s payout ratio is 40.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ICE. UBS Group upped their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Company 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.