Skylands Capital LLC Has $443,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Skylands Capital LLC lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,450 shares of the financial services provider’s stock after selling 450 shares during the period. Skylands Capital LLC’s holdings in Intercontinental Exchange were worth $443,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PDS Planning Inc raised its holdings in Intercontinental Exchange by 3.8% in the 3rd quarter. PDS Planning Inc now owns 3,054 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 112 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Intercontinental Exchange by 4.3% in the third quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider’s stock valued at $4,534,000 after buying an additional 1,716 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Intercontinental Exchange by 0.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 124,006 shares of the financial services provider’s stock worth $13,643,000 after purchasing an additional 600 shares during the last quarter. Atlas Private Wealth Management increased its stake in shares of Intercontinental Exchange by 3.2% in the 3rd quarter. Atlas Private Wealth Management now owns 11,767 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 367 shares during the last quarter. Finally, Toews Corp ADV acquired a new stake in Intercontinental Exchange in the third quarter worth $781,000. 89.30% of the stock is owned by institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were purchased at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the purchase, the insider now directly owns 649,934 shares of the company’s stock, valued at $565,442.58. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the sale, the chief executive officer now directly owns 1,179,895 shares in the company, valued at approximately $161,893,392.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Intercontinental Exchange, Inc purchased 350,880 shares of the stock in a transaction dated Thursday, April 25th. The stock was acquired at an average cost of $0.87 per share, for a total transaction of $305,265.60. Following the transaction, the insider now owns 649,934 shares of the company’s stock, valued at $565,442.58. The disclosure for this purchase can be found here. Insiders have sold 157,491 shares of company stock valued at $21,454,204 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $130.78 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $135.74 and a 200 day simple moving average of $125.52. Intercontinental Exchange, Inc. has a 12-month low of $103.81 and a 12-month high of $140.43. The company has a market cap of $74.89 billion, a P/E ratio of 31.14, a PEG ratio of 2.15 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The firm’s revenue was up 24.5% compared to the same quarter last year. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.38%. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s dividend payout ratio is currently 42.86%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Rosenblatt Securities boosted their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $152.00 target price on shares of Intercontinental Exchange in a research report on Thursday, April 4th. Raymond James raised their price target on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 5th. Finally, Barclays upped their target price on Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $148.08.

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.