Avanza Fonder AB Purchases Shares of 42,884 Intercontinental Exchange, Inc. (NYSE:ICE)

Avanza Fonder AB bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 42,884 shares of the financial services provider's stock, valued at approximately $6,390,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICE. Fairscale Capital LLC bought a new position in Intercontinental Exchange during the second quarter worth about $25,000. Wolff Wiese Magana LLC lifted its holdings in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Intercontinental Exchange during the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 87 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Intercontinental Exchange during the 3rd quarter valued at about $29,000. Institutional investors own 89.30% of the company's stock.

Insider Buying and Selling

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the sale, the chief technology officer now owns 66,548 shares in the company, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,795 shares of company stock valued at $2,120,572 over the last 90 days. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

NYSE ICE traded down $1.16 on Friday, reaching $149.07. The stock had a trading volume of 3,301,963 shares, compared to its average volume of 2,416,945. The company has a market cap of $85.59 billion, a P/E ratio of 35.33, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a fifty day moving average of $153.20 and a two-hundred day moving average of $155.53.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company earned $1.46 earnings per share. The business's quarterly revenue was up 17.3% on a year-over-year basis. On average, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ICE shares. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. TD Cowen started coverage on Intercontinental Exchange in a report on Thursday, September 26th. They set a "buy" rating and a $182.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Barclays dropped their target price on Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $175.27.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.