Mizuho Securities USA LLC Sells 6,993 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Mizuho Securities USA LLC decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,230 shares of the financial services provider's stock after selling 6,993 shares during the quarter. Mizuho Securities USA LLC's holdings in Intercontinental Exchange were worth $5,981,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ICE. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange during the second quarter worth about $25,000. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange in the second quarter worth about $25,000. Wolff Wiese Magana LLC grew its holdings in shares of Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock worth $25,000 after purchasing an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Intercontinental Exchange during the 3rd quarter worth approximately $26,000. Institutional investors own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 1,941 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total transaction of $311,899.29. Following the completion of the transaction, the director now directly owns 26,908 shares in the company, valued at $4,323,846.52. This represents a 6.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,809 shares of company stock worth $933,978 over the last 90 days. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Stock Performance

NYSE:ICE traded up $0.94 during midday trading on Friday, reaching $159.29. The stock had a trading volume of 2,078,258 shares, compared to its average volume of 2,571,698. The stock has a market capitalization of $91.46 billion, a P/E ratio of 37.75, a PEG ratio of 2.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 1-year low of $111.82 and a 1-year high of $167.99. The firm's fifty day simple moving average is $160.64 and its 200-day simple moving average is $150.92.

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, meeting 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 for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The company's quarterly revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Analysts Set New Price Targets

ICE has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. TD Cowen began coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price objective for the company. Raymond James lowered shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target on the stock. in a report on Monday, October 14th. Barclays reduced their target price on Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus target price of $174.13.

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.