West Oak Capital LLC Has $72,000 Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

West Oak Capital LLC trimmed its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 78.7% during the fourth quarter, HoldingsChannel reports. The firm owned 485 shares of the financial services provider’s stock after selling 1,792 shares during the quarter. West Oak Capital LLC’s holdings in Intercontinental Exchange were worth $72,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICE. M&T Bank Corp increased its position in Intercontinental Exchange by 33.2% during the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider’s stock worth $7,500,000 after buying an additional 11,648 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Intercontinental Exchange by 1.6% during the 3rd quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider’s stock worth $49,888,000 after acquiring an additional 4,973 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $14,880,000. GDS Wealth Management lifted its holdings in Intercontinental Exchange by 5.3% during the 3rd quarter. GDS Wealth Management now owns 103,412 shares of the financial services provider’s stock valued at $16,612,000 after purchasing an additional 5,226 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Intercontinental Exchange by 6.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 169,270 shares of the financial services provider’s stock valued at $27,192,000 after purchasing an additional 10,399 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Price Performance

ICE stock traded down $3.84 during midday trading on Friday, reaching $142.73. The company had a trading volume of 3,975,419 shares, compared to its average volume of 2,936,953. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The stock has a 50 day moving average price of $154.33 and a 200-day moving average price of $155.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $81.95 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 EPS. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the transaction, the general counsel now directly owns 44,702 shares in the company, valued at $6,977,088.16. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the sale, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,533 shares of company stock worth $1,196,279 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ICE shares. Barclays increased their price objective on shares of Intercontinental Exchange from $173.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Bank of America raised their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group boosted their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.07.

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.