Procyon Advisors LLC lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 70.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,802 shares of the financial services provider's stock after acquiring an additional 4,457 shares during the period. Procyon Advisors LLC's holdings in Intercontinental Exchange were worth $1,610,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC increased its stake in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after buying an additional 147 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter worth approximately $26,000. Financial Management Professionals Inc. boosted its stake 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 buying an additional 87 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Intercontinental Exchange during the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 89.30% of the company's stock.
Intercontinental Exchange Stock Performance
ICE traded down $1.16 on Friday, hitting $149.07. 3,301,963 shares of the stock traded hands, compared to its average volume of 2,416,945. The business has a fifty day moving average price of $153.20 and a two-hundred day moving average price of $155.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. The firm has a market capitalization of $85.59 billion, a PE ratio of 35.33, a P/E/G ratio of 2.29 and a beta of 1.10.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts' consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the company posted $1.46 earnings per share. Intercontinental Exchange's revenue was up 17.3% on a year-over-year basis. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.06 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on ICE shares. Keefe, Bruyette & Woods cut their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group upped their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Bank of America boosted their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. TD Cowen assumed coverage on Intercontinental Exchange in a report on Thursday, September 26th. They set a "buy" rating and a $182.00 price target on the stock. Finally, Raymond James cut shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price objective for the company. in a research note on Monday, October 14th. 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. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average target price of $175.27.
Check Out Our Latest Report on Intercontinental Exchange
Insider Transactions at Intercontinental Exchange
In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares of the company's stock, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,795 shares of company stock valued at $2,120,572. Company insiders own 1.10% of the company's stock.
About Intercontinental Exchange
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Free Report)
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.
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