Cozad Asset Management Inc. Purchases New Holdings in Intercontinental Exchange Inc (ICE)

Cozad Asset Management Inc. purchased a new position in shares of Intercontinental Exchange Inc (NYSE:ICE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 59,834 shares of the financial services provider’s stock, valued at approximately $4,401,000. Intercontinental Exchange accounts for 1.4% of Cozad Asset Management Inc.’s holdings, making the stock its 17th biggest position.

Several other hedge funds also recently bought and sold shares of the stock. Kaizen Advisory LLC raised its position in Intercontinental Exchange by 143.4% during the second quarter. Kaizen Advisory LLC now owns 1,356 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 799 shares in the last quarter. Quad Cities Investment Group LLC bought a new position in Intercontinental Exchange during the second quarter valued at approximately $104,000. Sun Life Financial INC raised its position in Intercontinental Exchange by 717.7% during the second quarter. Sun Life Financial INC now owns 1,570 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 1,378 shares in the last quarter. Townsend & Associates Inc raised its position in Intercontinental Exchange by 894.0% during the second quarter. Townsend & Associates Inc now owns 1,650 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,484 shares in the last quarter. Finally, Institutional & Family Asset Management LLC bought a new position in Intercontinental Exchange during the first quarter valued at approximately $128,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

In other news, insider David S. Goone sold 10,402 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $78.01, for a total value of $811,460.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Charles A. Vice sold 35,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $77.09, for a total transaction of $2,698,150.00. Following the completion of the transaction, the insider now directly owns 419,907 shares in the company, valued at approximately $32,370,630.63. The disclosure for this sale can be found here. In the last three months, insiders sold 288,259 shares of company stock worth $21,554,161. Insiders own 1.50% of the company’s stock.

Several equities analysts recently weighed in on ICE shares. Zacks Investment Research lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. ValuEngine lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. Compass Point started coverage on shares of Intercontinental Exchange in a research report on Friday, June 22nd. They set a “buy” rating and a $85.00 price objective on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and set a $80.00 price objective (up previously from $74.00) on shares of Intercontinental Exchange in a research report on Monday, July 9th. Finally, Barclays raised their price objective on shares of Intercontinental Exchange from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, July 12th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Intercontinental Exchange presently has an average rating of “Buy” and an average target price of $81.44.

NYSE:ICE opened at $77.36 on Friday. Intercontinental Exchange Inc has a 12 month low of $64.91 and a 12 month high of $78.48. The company has a market capitalization of $43.77 billion, a PE ratio of 23.49, a PEG ratio of 2.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 0.98.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. analysts predict that Intercontinental Exchange Inc will post 3.48 earnings per share for the current fiscal year.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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

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