EULAV Asset Management Has $718,000 Position in Intercontinental Exchange Inc. (ICE)
EULAV Asset Management held its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,000 shares of the financial services provider’s stock at the end of the first quarter. EULAV Asset Management’s holdings in Intercontinental Exchange were worth $718,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Friess Associates LLC boosted its stake in shares of Intercontinental Exchange by 206.4% in the fourth quarter. Friess Associates LLC now owns 1,869 shares of the financial services provider’s stock valued at $105,000 after buying an additional 1,259 shares in the last quarter. Hemenway Trust Co LLC boosted its stake in shares of Intercontinental Exchange by 150.0% in the fourth quarter. Hemenway Trust Co LLC now owns 2,400 shares of the financial services provider’s stock valued at $135,000 after buying an additional 1,440 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $141,000. Bessemer Group Inc. boosted its stake in shares of Intercontinental Exchange by 661.8% in the fourth quarter. Bessemer Group Inc. now owns 2,895 shares of the financial services provider’s stock valued at $163,000 after buying an additional 2,515 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Intercontinental Exchange during the first quarter worth approximately $182,000. 90.30% of the stock is currently owned by institutional investors.
Shares of Intercontinental Exchange Inc. (NYSE:ICE) traded down 0.06% during mid-day trading on Friday, reaching $64.57. 2,301,383 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $60.87 and a 200-day moving average price of $59.19. Intercontinental Exchange Inc. has a one year low of $48.15 and a one year high of $64.79. The stock has a market cap of $7.43 billion, a PE ratio of 24.93 and a beta of 0.77.
Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Intercontinental Exchange had a net margin of 26.48% and a return on equity of 10.67%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.68 EPS. On average, analysts predict that Intercontinental Exchange Inc. will post $2.99 EPS for the current year.
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A number of analysts have commented on the stock. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday. Royal Bank Of Canada set a $65.00 price target on shares of Intercontinental Exchange and gave the company a “hold” rating in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Intercontinental Exchange in a research report on Monday, April 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $65.50 price target on shares of Intercontinental Exchange in a research report on Wednesday, April 12th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $65.15.
In other news, insider Charles A. Vice sold 15,000 shares of Intercontinental Exchange stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $59.22, for a total transaction of $888,300.00. Following the sale, the insider now owns 384,971 shares of the company’s stock, valued at approximately $22,797,982.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 73,374 shares of Intercontinental Exchange stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.91, for a total transaction of $4,395,836.34. The disclosure for this sale can be found here. Insiders have sold a total of 183,089 shares of company stock worth $10,990,583 in the last ninety days. Insiders own 1.50% of the company’s stock.
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.
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