Hellman Jordan Management Co Inc Lowers stake in Intercontinental Exchange Inc (ICE)

Intercontinental Exchange Inc (ICE) : Hellman Jordan Management Co Inc reduced its stake in Intercontinental Exchange Inc by 84.13% during the most recent quarter end. The investment management company now holds a total of 4,863 shares of Intercontinental Exchange Inc which is valued at $1,172,712 after selling 25,785 shares in Intercontinental Exchange Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Intercontinental Exchange Inc makes up approximately 2.84% of Hellman Jordan Management Co Inc’s portfolio.

Intercontinental Exchange Inc opened for trading at $240.34 and hit $242.55 on the upside on Friday, eventually ending the session at $241.15, with a gain of 0.41% or 0.99 points. The heightened volatility saw the trading volume jump to 5,79,580 shares. Company has a market cap of $28,670 M.

Other Hedge Funds, Including , Premier Asset Managment reduced its stake in ICE by selling 870 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 51,888 shares of ICE which is valued at $12,512,791. Intercontinental Exchange Inc makes up approx 3.18% of Premier Asset Managment’s portfolio.Crestpoint Capital Management boosted its stake in ICE in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,200 shares of Intercontinental Exchange Inc which is valued at $286,200. Intercontinental Exchange Inc makes up approx 0.15% of Crestpoint Capital Management’s portfolio.Independent Portfolio Consultants reduced its stake in ICE by selling 405 shares or 39.51% in the most recent quarter. The Hedge Fund company now holds 620 shares of ICE which is valued at $147,870. Intercontinental Exchange Inc makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.State Of Alaska Department Of Revenue boosted its stake in ICE in the latest quarter, The investment management firm added 2,447 additional shares and now holds a total of 9,611 shares of Intercontinental Exchange Inc which is valued at $2,292,224. Intercontinental Exchange Inc makes up approx 0.24% of State Of Alaska Department Of Revenue’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in ICE in the latest quarter, The investment management firm added 4,751 additional shares and now holds a total of 27,253 shares of Intercontinental Exchange Inc which is valued at $6,499,841. Intercontinental Exchange Inc makes up approx 0.15% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, Intercontinental Exchange Inc reported $3.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $3.01. The company had revenue of $875.00 million for the quarter, compared to analysts expectations of $867.05 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS.

Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Argus Upgraded Intercontinental Exchange Inc on Feb 17, 2016 to ” Buy”, Price Target of the shares are set at $270.Company shares were Reiterated by Barclays on Feb 16, 2016 to “Overweight”, Firm has raised the Price Target to $ 287 from a previous price target of $286 .

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.

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