Interval Partners LP Sells 51,260 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Interval Partners LP trimmed its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 38.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,274 shares of the financial services provider's stock after selling 51,260 shares during the period. Interval Partners LP's holdings in Intercontinental Exchange were worth $11,262,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in Intercontinental Exchange in the second quarter valued at $25,000. Annapolis Financial Services LLC grew its position in Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 163 shares during the period. New Millennium Group LLC bought a new stake in Intercontinental Exchange in the second quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Intercontinental Exchange in the second quarter worth $25,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Intercontinental Exchange in the first quarter worth $26,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a "hold" rating in a research note on Thursday, August 15th. Barclays boosted their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. StockNews.com lowered Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Friday, September 6th. Citigroup upped their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the company a "buy" rating in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $151.00 to $171.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average price target of $158.08.

Intercontinental Exchange Trading Up 0.1 %

Shares of Intercontinental Exchange stock traded up $0.12 during trading hours on Monday, hitting $159.96. The company's stock had a trading volume of 1,639,270 shares, compared to its average volume of 2,487,652. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71. The stock has a 50 day moving average of $156.07 and a 200 day moving average of $142.95. The company has a market capitalization of $91.75 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. Intercontinental Exchange's quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share. Analysts predict that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other news, 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 completion of the sale, the insider now directly owns 14,034 shares of the company's stock, valued at $2,284,875.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, 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 completion of the sale, the insider now directly owns 14,034 shares of the company's stock, valued at $2,284,875.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm's stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the sale, the general counsel now directly owns 46,815 shares of the company's stock, valued at $6,397,737.90. The disclosure for this sale can be found here. Insiders sold a total of 68,166 shares of company stock worth $9,768,190 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.