Compagnie Lombard Odier SCmA Purchases 98,971 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Compagnie Lombard Odier SCmA boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 20.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 578,434 shares of the financial services provider’s stock after purchasing an additional 98,971 shares during the quarter. Intercontinental Exchange makes up 1.2% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 22nd largest position. Compagnie Lombard Odier SCmA’s holdings in Intercontinental Exchange were worth $99,780,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. West Oak Capital LLC raised its position in shares of Intercontinental Exchange by 8.1% during the first quarter. West Oak Capital LLC now owns 2,461 shares of the financial services provider’s stock valued at $394,000 after buying an additional 184 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Intercontinental Exchange by 17.2% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 63 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Intercontinental Exchange by 3.1% during the 1st quarter. Simon Quick Advisors LLC now owns 4,136 shares of the financial services provider’s stock valued at $713,000 after purchasing an additional 123 shares during the last quarter. Ulland Investment Advisors LLC grew its position in shares of Intercontinental Exchange by 6.1% during the first quarter. Ulland Investment Advisors LLC now owns 6,921 shares of the financial services provider’s stock valued at $1,194,000 after purchasing an additional 395 shares in the last quarter. Finally, CX Institutional grew its position in shares of Intercontinental Exchange by 10.4% during the first quarter. CX Institutional now owns 4,166 shares of the financial services provider’s stock valued at $719,000 after purchasing an additional 392 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ICE shares. Bank of America decreased their target price on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Barclays raised their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Morgan Stanley upped their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average price target of $188.46.

Intercontinental Exchange Trading Up 1.1%

NYSE ICE opened at $177.43 on Thursday. The company’s 50-day simple moving average is $169.28 and its two-hundred day simple moving average is $163.78. 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 company has a market capitalization of $101.78 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a one year low of $133.97 and a one year high of $180.89.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the business posted $1.48 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.08%. Intercontinental Exchange’s payout ratio is currently 39.75%.

Insider Buying and Selling

In related news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares of the company’s stock, valued at $3,396,876. This trade represents a 10.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 552 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total transaction of $96,335.04. Following the sale, the insider now directly owns 15,658 shares in the company, valued at approximately $2,732,634.16. This represents a 3.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,354 shares of company stock worth $40,512,695 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

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.