World Investment Advisors LLC Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

World Investment Advisors LLC boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 759.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 52,946 shares of the financial services provider’s stock after purchasing an additional 46,784 shares during the quarter. World Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $8,505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Trust Co purchased a new stake in shares of Intercontinental Exchange during the second quarter valued at $214,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Intercontinental Exchange by 6.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,287 shares of the financial services provider’s stock valued at $3,188,000 after acquiring an additional 1,310 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Intercontinental Exchange by 1,652.9% during the second quarter. ORG Partners LLC now owns 596 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 562 shares during the last quarter. Swedbank AB lifted its position in Intercontinental Exchange by 5.4% during the second quarter. Swedbank AB now owns 84,942 shares of the financial services provider’s stock valued at $11,628,000 after purchasing an additional 4,359 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Intercontinental Exchange by 819.7% during the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after purchasing an additional 122,169 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Raymond James cut Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research report on Monday, October 14th. Morgan Stanley boosted 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. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Barclays raised their price objective on shares of Intercontinental Exchange from $173.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.07.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $156.55 on Friday. The stock has a 50 day moving average price of $160.04 and a 200 day moving average price of $153.11. The firm has a market capitalization of $89.89 billion, a P/E ratio of 37.10, a P/E/G ratio of 2.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a 52-week low of $117.49 and a 52-week high of $167.99.

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 during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Activity

In other news, COO Stuart Glen Williams sold 468 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the transaction, the chief operating officer now owns 13,530 shares in the company, valued at approximately $2,202,819.30. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The trade was a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,901 shares of company stock valued at $1,582,542. Corporate insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

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.