Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by GDS Wealth Management

GDS Wealth Management lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,186 shares of the financial services provider's stock after acquiring an additional 7,650 shares during the period. GDS Wealth Management's holdings in Intercontinental Exchange were worth $13,441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ICE. Scarborough Advisors LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at $25,000. Annapolis Financial Services LLC grew its position in Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider's stock worth $25,000 after purchasing an additional 163 shares during the period. New Millennium Group LLC acquired 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 Intercontinental Exchange during the second quarter worth about $25,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the 1st quarter worth $26,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 750 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the sale, the chief financial officer now owns 16,576 shares in the company, valued at $2,675,863.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intercontinental Exchange news, Director Judith A. Sprieser sold 1,941 shares of Intercontinental Exchange 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 owns 26,908 shares in the company, valued at $4,323,846.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 750 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,096 shares of company stock valued at $9,593,983. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded up $0.90 during trading hours on Tuesday, hitting $162.81. 2,272,569 shares of the company were exchanged, compared to its average volume of 2,465,557. The business has a 50-day moving average of $154.62 and a 200-day moving average of $142.18. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $163.71. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $93.39 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm's revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 EPS. As a group, analysts expect that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on ICE. StockNews.com downgraded Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Friday, September 6th. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the stock an "overweight" rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Argus reaffirmed a "buy" rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Finally, The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $143.00 to $167.00 in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.36.

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.