Intercontinental Exchange Inc (ICE) : Matterhorn Capital Management reduced its stake in Intercontinental Exchange Inc by 42.06% during the most recent quarter end. The investment management company now holds a total of 5,977 shares of Intercontinental Exchange Inc which is valued at $1,661,726 after selling 4,339 shares in Intercontinental Exchange Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Intercontinental Exchange Inc makes up approximately 1.03% of Matterhorn Capital Management’s portfolio.
Other Hedge Funds, Including , World Asset Management Inc boosted its stake in ICE in the latest quarter, The investment management firm added 304 additional shares and now holds a total of 11,520 shares of Intercontinental Exchange Inc which is valued at $3,202,790. Intercontinental Exchange Inc makes up approx 0.12% of World Asset Management Inc’s portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh sold out all of its stake in ICE during the most recent quarter. The investment firm sold 17,748 shares of ICE which is valued $4,689,022.Cg Asset Management reduced its stake in ICE by selling 1,110 shares or 10.95% in the most recent quarter. The Hedge Fund company now holds 9,030 shares of ICE which is valued at $2,384,281. Intercontinental Exchange Inc makes up approx 0.91% of Cg Asset Management’s portfolio.Gofen Glossberg Il boosted its stake in ICE in the latest quarter, The investment management firm added 1,205 additional shares and now holds a total of 19,568 shares of Intercontinental Exchange Inc which is valued at $5,079,461. Intercontinental Exchange Inc makes up approx 0.21% of Gofen Glossberg Il’s portfolio.Curian Capital reduced its stake in ICE by selling 15,730 shares or 65.67% in the most recent quarter. The Hedge Fund company now holds 8,223 shares of ICE which is valued at $2,112,406. Intercontinental Exchange Inc makes up approx 0.15% of Curian Capital’s portfolio.
Intercontinental Exchange Inc closed down -1.27 points or -0.46% at $276.8 with 5,90,614 shares getting traded on Monday. Post opening the session at $277.38, the shares hit an intraday low of $274.53 and an intraday high of $277.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Intercontinental Exchange Inc reported $3.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $3.37. The company had revenue of $1129.00 million for the quarter, compared to analysts expectations of $1120.80 million. The company’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.
Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Company shares were Reiterated by Deutsche Bank on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 304 from a previous price target of $295 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 282 from a previous price target of $255 .Intercontinental Exchange Inc was Resumed by JP Morgan to “Neutral” on Jun 1, 2016.
Intercontinental Exchange Inc. (ICE) is a global operator of regulated exchanges clearing houses and data services for financial and commodity markets. The Company operates marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes including energy and agricultural commodities equities and equity derivatives among others. Its regulated exchanges include futures exchanges in the United States United Kingdom Canada Singapore and Europe three securities exchanges and two equity options exchanges. The Company also operates over-the-counter (OTC) markets for physical energy and credit default swaps (CDS). Its products and services include Regulated Energy Futures Contracts Regulated Agricultural Futures Contracts Regulated Financial Futures Contracts Securities Products and Listings Credit Derivatives Products OTC Energy Products ICE Data Services and New York Stock Exchange (NYSE) Data Services.