King Luther Capital Management Corp Has $19.69 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

King Luther Capital Management Corp boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 135.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,538 shares of the financial services provider's stock after buying an additional 70,436 shares during the quarter. King Luther Capital Management Corp's holdings in Intercontinental Exchange were worth $19,685,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ICE. New Millennium Group LLC bought a new stake in shares of Intercontinental Exchange during the 2nd quarter worth $25,000. International Assets Investment Management LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $25,000. Fairscale Capital LLC purchased a new position in Intercontinental Exchange in the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC raised its holdings 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 worth $25,000 after buying an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the third quarter valued at about $26,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on ICE shares. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Friday, November 1st. TD Cowen assumed coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a "buy" rating and a $182.00 price target on the stock. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $174.13.

Insiders Place Their Bets

In other news, CFO Warren Gardiner sold 750 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $98,011.62. Following the transaction, the insider now owns 14,034 shares of the company's stock, valued at $2,284,875.54. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,809 shares of company stock worth $933,978 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded up $0.94 on Friday, hitting $159.29. 2,078,258 shares of the company were exchanged, compared to its average volume of 2,571,698. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The company's 50 day moving average price is $160.68 and its two-hundred day moving average price is $150.72. Intercontinental Exchange, Inc. has a one year low of $111.82 and a one year high of $167.99. The firm has a market capitalization of $91.46 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 2.61 and a beta of 1.08.

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