Quantinno Capital Management LP Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Posted by on Jul 30th, 2023

Quantinno Capital Management LP increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 8.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,373 shares of the financial services provider’s stock after buying an additional 656 shares during the quarter. Quantinno Capital Management LP’s holdings in Intercontinental Exchange were worth $873,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vestcor Inc increased its holdings in Intercontinental Exchange by 0.5% in the 4th quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock worth $1,839,000 after buying an additional 94 shares in the last quarter. Strengthening Families & Communities LLC increased its holdings in Intercontinental Exchange by 4.4% in the 4th quarter. Strengthening Families & Communities LLC now owns 2,269 shares of the financial services provider’s stock worth $232,000 after buying an additional 95 shares in the last quarter. Capital Impact Advisors LLC increased its holdings in Intercontinental Exchange by 7.0% in the 4th quarter. Capital Impact Advisors LLC now owns 1,509 shares of the financial services provider’s stock worth $155,000 after buying an additional 99 shares in the last quarter. Piscataqua Savings Bank increased its holdings in Intercontinental Exchange by 35.1% in the 1st quarter. Piscataqua Savings Bank now owns 385 shares of the financial services provider’s stock worth $40,000 after buying an additional 100 shares in the last quarter. Finally, Millburn Ridgefield Corp increased its holdings in Intercontinental Exchange by 4.3% in the 1st quarter. Millburn Ridgefield Corp now owns 2,474 shares of the financial services provider’s stock worth $258,000 after buying an additional 102 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Raymond James lifted their price objective on Intercontinental Exchange from $127.00 to $130.00 in a report on Tuesday, July 11th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $120.00 to $123.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 11th. Deutsche Bank Aktiengesellschaft cut their price target on Intercontinental Exchange from $122.00 to $120.00 in a research note on Friday, May 5th. Rosenblatt Securities restated a “buy” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research note on Thursday, April 6th. Finally, Piper Sandler boosted their price target on Intercontinental Exchange from $125.00 to $135.00 in a research note on Wednesday, July 5th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Activity at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 85,461 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $107.89, for a total value of $9,220,387.29. Following the transaction, the chief executive officer now directly owns 1,188,085 shares of the company’s stock, valued at approximately $128,182,490.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Warren Gardiner sold 500 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $110.52, for a total value of $55,260.00. Following the transaction, the chief financial officer now directly owns 16,025 shares of the company’s stock, valued at approximately $1,771,083. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey C. Sprecher sold 85,461 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $107.89, for a total value of $9,220,387.29. Following the completion of the transaction, the chief executive officer now directly owns 1,188,085 shares in the company, valued at $128,182,490.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,978 shares of company stock worth $10,606,289. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Trading Up 0.2 %

Shares of NYSE:ICE opened at $115.13 on Friday. The stock has a 50 day moving average of $111.53 and a 200 day moving average of $107.58. The company has a market cap of $64.46 billion, a PE ratio of 44.62, a price-to-earnings-growth ratio of 1.85 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.78. Intercontinental Exchange, Inc. has a 12-month low of $88.60 and a 12-month high of $117.85.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.01. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. Intercontinental Exchange had a return on equity of 12.98% and a net margin of 14.97%. The firm’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.56 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.46%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 65.12%.

Intercontinental Exchange Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.