Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 8.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,490 shares of the financial services provider's stock after acquiring an additional 8,413 shares during the period. Roffman Miller Associates Inc. PA's holdings in Intercontinental Exchange were worth $17,106,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quintet Private Bank Europe S.A. increased its holdings in Intercontinental Exchange by 13.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider's stock valued at $82,000 after buying an additional 62 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Intercontinental Exchange by 26.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider's stock valued at $49,000 after buying an additional 63 shares during the last quarter. Integrated Advisors Network LLC lifted its position in Intercontinental Exchange by 4.0% in the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 66 shares during the period. American National Bank raised its stake in shares of Intercontinental Exchange by 13.8% during the 2nd quarter. American National Bank now owns 569 shares of the financial services provider's stock worth $78,000 after buying an additional 69 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Intercontinental Exchange by 6.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider's stock worth $192,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling

In related news, COO Stuart Glen Williams sold 468 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares of the company's stock, valued at approximately $2,202,819.30. This represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now owns 14,034 shares of the company's stock, valued at $2,284,875.54. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,946 shares of company stock valued at $1,433,486 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

ICE has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Morgan Stanley raised their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. Barclays boosted their target price on Intercontinental Exchange from $173.00 to $187.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Piper Sandler boosted their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.07.

Intercontinental Exchange Price Performance

ICE traded up $0.33 during trading on Monday, reaching $156.26. 1,061,656 shares of the company were exchanged, compared to its average volume of 2,587,746. Intercontinental Exchange, Inc. has a 12-month low of $113.87 and a 12-month high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a market cap of $89.72 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 2.58 and a beta of 1.08. The company's 50-day moving average is $160.38 and its two-hundred day moving average is $152.75.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business's revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange 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.