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Large Outflow of Money Witnessed in Intercontinental Exchange Inc

20 March 2017

Intercontinental Exchange, Inc. (NYSE:ICE) last announced results for quarter ended on 31 Dec 2016, disclosing EPS of $0.71 The reported earnings per share topped the analyst's consensus by $0.02 with the percentage difference between estimated and actual earnings arriving at 2.90%. Public Employees Retirement System of OH now owns 106,032 shares of the company's stock worth $27,140,000 after buying an additional 33,730 shares in the last quarter. The insider owns 1,728,310 shares which have current market value of around $104147960.6.Charles A. Vice is another major inside shareholder in the company. The number of shares now owned by investors are 593.11 mln. A month ago, they told us to expect earnings of US$0.76 per share while three months ago their EPS consensus estimate was US$0.76. KS now owns 115,050 shares of the company's stock valued at $30,990,000 after buying an additional 2,420 shares during the last quarter. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Pennsylvania Trust Co now owns 23,815 shares of the company's stock valued at $6,415,000 after buying an additional 5,850 shares during the last quarter.

On Tuesday, HP Inc (NYSE:HPQ) stock opened its trade at $17.27 and after floating in a range of $17.05 to $17.42, settled at $17.27. Finally, Westwood Holdings Group Inc. boosted its position in Intercontinental Exchange by 407.2% in the fourth quarter. The firm has a market capitalization of $6.92 billion, a P/E ratio of 25.39 and a beta of 0.96.

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Currently, the company has SMA200 (200-day simple moving average) of 9.15 Percent.

The 13 analysts offering 12-month price forecasts for Intercontinental Exchange Inc have a median target of 65.00, with a high estimate of 67.00 and a low estimate of 52.00. Jefferies Group LLC boosted their target price on Intercontinental Exchange from $62.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, December 20th.

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In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokerages have issued a ratings update on the company.

A number of research analysts have issued reports on the company. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.14 billion. The business's quarterly revenue was up 30.1% on a year-over-year basis. Stockholders of record on Friday, June 16th will be paid a dividend of $0.20 per share. The stock gained a consensus recommendation of 1.5 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The ex-dividend date is Wednesday, June 14th. Intercontinental Exchange's dividend payout ratio is presently 28.64%. Also, Director William Jefferson Hague sold 600 shares of the stock in a transaction dated Wednesday, December 21st. (NYSE:ICE), according to U.S. Securities and Exchange Commission (SEC) filings. Also, insider Thomas W. Farley sold 22,120 shares of the stock in a transaction that occurred on Thursday, February 23rd. The disclosure for this sale can be found here. The shares have seen 1.01% price change for the week.A block trade also made an entry with $3.09 million flowing in through upticks while $7.63 million flew out through downticks. Aberdeen Asset Management PLC UK now owns 4,547,041 shares of the company's stock valued at $256,545,000 after buying an additional 3,369,232 shares during the period.

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Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. (ICE) has been put into a buy territory, but there are few other spots to consider.

Large Outflow of Money Witnessed in Intercontinental Exchange Inc