MAI Capital Management Has $20.46 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

MAI Capital Management decreased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 21.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,347 shares of the financial services provider's stock after selling 35,301 shares during the period. MAI Capital Management's holdings in Intercontinental Exchange were worth $20,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ICE. New Millennium Group LLC bought a new stake in Intercontinental Exchange in the second quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $25,000. Fairscale Capital LLC acquired a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC grew its position in shares of Intercontinental Exchange by 1,470.0% in the third 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 during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $26,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Up 1.4 %

NYSE:ICE traded up $2.14 during trading hours on Monday, hitting $157.69. 3,973,913 shares of the company were exchanged, compared to its average volume of 2,576,065. The stock has a market capitalization of $90.54 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08. 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 one year low of $110.64 and a one year high of $167.99. The company has a fifty day simple moving average of $160.89 and a 200 day simple moving average of $150.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting 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 during the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company posted $1.46 EPS. The business's quarterly revenue was up 17.3% on a year-over-year basis. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ICE has been the topic of several research reports. Piper Sandler upped their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Barclays reduced their price target on Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. Finally, The Goldman Sachs Group raised their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average price target of $174.13.

Insider Transactions at Intercontinental Exchange

In other news, COO Stuart Glen Williams sold 468 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer now directly owns 13,530 shares in the company, valued at $2,202,819.30. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 602 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares of the company's stock, valued at approximately $2,284,875.54. This represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,489 shares of company stock valued at $1,202,259. Corporate insiders own 1.10% of the company's stock.

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.