Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 217,242 shares of the financial services provider's stock after selling 16,380 shares during the period. Intercontinental Exchange accounts for about 2.6% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 14th biggest position. Campbell Newman Asset Management Inc.'s holdings in Intercontinental Exchange were worth $32,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its position in 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 purchased a new position in shares of Intercontinental Exchange during the third quarter valued at $26,000. Financial Management Professionals Inc. raised its holdings in shares of Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 87 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Intercontinental Exchange in the second quarter worth about $25,000. Finally, Capital Performance Advisors LLP bought a new position in Intercontinental Exchange during the 3rd quarter worth about $29,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded up $2.86 during mid-day trading on Wednesday, reaching $148.11. 5,105,092 shares of the company traded hands, compared to its average volume of 3,257,369. The firm's fifty day moving average is $153.62 and its two-hundred day moving average is $155.53. The company has a market capitalization of $85.04 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week 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.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (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 for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm earned $1.46 EPS. The firm's revenue was up 17.3% on a year-over-year basis. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Stuart Glen Williams sold 750 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the transaction, the chief operating officer now directly owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,533 shares of company stock worth $1,196,279 over the last three months. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on ICE. StockNews.com lowered shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Piper Sandler lifted their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Bank of America boosted their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. One 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.20.

About Intercontinental Exchange

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.