Alliancebernstein L.P. reduced its position in Intercontinental Exchange Inc. (NYSE:ICE) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,442,931 shares of the financial services provider’s stock after selling 41,529 shares during the quarter. Alliancebernstein L.P. owned about 0.25% of Intercontinental Exchange worth $95,118,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norway Savings Bank increased its holdings in Intercontinental Exchange by 16.7% in the 2nd quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock valued at $108,000 after buying an additional 235 shares during the period. Bessemer Group Inc. increased its holdings in Intercontinental Exchange by 186.5% in the 2nd quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,240 shares during the period. Shine Investment Advisory Services Inc. bought a new position in Intercontinental Exchange in the 2nd quarter valued at about $128,000. First Personal Financial Services increased its holdings in Intercontinental Exchange by 20.4% in the 2nd quarter. First Personal Financial Services now owns 2,122 shares of the financial services provider’s stock valued at $140,000 after buying an additional 360 shares during the period. Finally, Guardian Life Insurance Co. of America increased its holdings in Intercontinental Exchange by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock valued at $138,000 after buying an additional 16 shares during the period. 89.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Intercontinental Exchange Inc. (NYSE ICE) opened at 65.71 on Tuesday. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 24.35 and a beta of 0.72. Intercontinental Exchange Inc. has a one year low of $52.27 and a one year high of $67.48. The company’s 50 day moving average is $65.44 and its 200 day moving average is $62.50.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. Intercontinental Exchange’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. Equities research analysts predict that Intercontinental Exchange Inc. will post $2.94 earnings per share for the current year.

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In related news, CFO Scott A. Hill sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $65.00, for a total value of $1,105,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles A. Vice sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $66.93, for a total transaction of $836,625.00. Following the completion of the sale, the insider now directly owns 382,471 shares in the company, valued at $25,598,784.03. The disclosure for this sale can be found here. Insiders sold 137,420 shares of company stock worth $8,987,176 over the last ninety days. 1.50% of the stock is currently owned by insiders.

Several equities analysts have commented on ICE shares. Jefferies Group LLC reissued a “buy” rating and issued a $73.00 target price on shares of Intercontinental Exchange in a report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, August 15th. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Thursday, July 13th. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $66.00 target price (down from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Intercontinental Exchange has an average rating of “Buy” and a consensus target price of $68.81.

About Intercontinental Exchange

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

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

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