Versant Capital Management Inc Boosts Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Versant Capital Management Inc grew its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 199.5% during the fourth quarter, Holdings Channel reports. The firm owned 596 shares of the financial services provider’s stock after acquiring an additional 397 shares during the period. Versant Capital Management Inc’s holdings in Intercontinental Exchange were worth $89,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in Intercontinental Exchange by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 656,874 shares of the financial services provider’s stock worth $105,520,000 after buying an additional 23,638 shares during the last quarter. Copley Financial Group Inc. purchased a new position in shares of Intercontinental Exchange during the third quarter worth $478,000. Oddo BHF Asset Management Sas acquired a new position in Intercontinental Exchange during the third quarter valued at $14,880,000. Inspire Trust Co. N.A. boosted its holdings in Intercontinental Exchange by 2.4% in the third quarter. Inspire Trust Co. N.A. now owns 12,000 shares of the financial services provider’s stock valued at $1,928,000 after purchasing an additional 283 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Intercontinental Exchange by 8.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider’s stock worth $865,455,000 after purchasing an additional 390,332 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ICE has been the topic of a number of recent research reports. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research note on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Friday, November 1st. Finally, Bank of America lifted their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $175.07.

Insider Buying and Selling

In other news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange 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 transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,533 shares of company stock worth $1,196,279. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock opened at $149.84 on Friday. The stock has a market capitalization of $86.03 billion, a P/E ratio of 35.51, a PEG ratio of 2.57 and a beta of 1.08. The business has a 50 day simple moving average of $155.74 and a two-hundred day simple moving average of $154.89. 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 current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. As a group, analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

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.