Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Quest Partners LLC

Quest Partners LLC lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 56.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,055 shares of the financial services provider's stock after purchasing an additional 5,074 shares during the quarter. Quest Partners LLC's holdings in Intercontinental Exchange were worth $2,258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Adero Partners LLC acquired a new stake in Intercontinental Exchange in the 3rd quarter valued at $224,000. GoalVest Advisory LLC raised its holdings in shares of Intercontinental Exchange by 15.8% during the 3rd quarter. GoalVest Advisory LLC now owns 753 shares of the financial services provider's stock worth $121,000 after acquiring an additional 103 shares during the period. Sather Financial Group Inc purchased a new position in shares of Intercontinental Exchange during the 3rd quarter worth $221,000. Vaughan Nelson Investment Management L.P. increased its position in shares of Intercontinental Exchange by 4.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,522,172 shares of the financial services provider's stock worth $244,522,000 after purchasing an additional 70,565 shares during the last quarter. Finally, Maxwell Wealth Strategies Inc. increased its position in shares of Intercontinental Exchange by 21.3% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 18,213 shares of the financial services provider's stock worth $2,875,000 after purchasing an additional 3,193 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 4.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO James W. Namkung sold 1,171 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $160.00, for a total value of $187,360.00. Following the completion of the sale, the chief accounting officer now owns 16,665 shares of the company's stock, valued at $2,666,400. This trade represents a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock worth $1,202,259 in the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ICE shares. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted their target price 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. 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 research note on Thursday, October 3rd. Finally, Barclays decreased their target price on Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $174.13.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded up $0.24 during trading hours on Tuesday, hitting $157.93. The stock had a trading volume of 2,846,149 shares, compared to its average volume of 2,577,285. 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 stock has a market capitalization of $90.68 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 2.57 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1-year low of $110.64 and a 1-year high of $167.99. The stock's fifty day moving average is $160.89 and its two-hundred day moving average is $150.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $2.35 billion. During the same period last year, the company earned $1.46 EPS. The firm's quarterly revenue was up 17.3% on a year-over-year basis. As a group, analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

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.