Lighthouse Investment Partners LLC Invests $510,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Lighthouse Investment Partners LLC acquired a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,726 shares of the financial services provider's stock, valued at approximately $510,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. Annapolis Financial Services LLC boosted its position in Intercontinental Exchange by 1,018.8% during the first 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 position in Intercontinental Exchange during the second quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $25,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the first quarter worth $26,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Activity

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the completion of the transaction, the chief executive officer now directly owns 1,179,993 shares of the company's stock, valued at $167,181,408.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CTO Mayur Kapani sold 395 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $141.13, for a total transaction of $55,746.35. Following the sale, the chief technology officer now directly owns 64,471 shares of the company's stock, valued at $9,098,792.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the business's stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the sale, the chief executive officer now directly owns 1,179,993 shares of the company's stock, valued at $167,181,408.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,268 shares of company stock worth $9,508,809. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

ICE traded up $0.50 during trading on Friday, reaching $158.62. 3,329,491 shares of the company's stock were exchanged, compared to its average volume of 2,499,804. The company has a market capitalization of $90.98 billion, a P/E ratio of 36.38, a PEG ratio of 2.81 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $156.89 and a 200 day moving average price of $143.50. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $163.71.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results 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 business had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm's revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 earnings per share. As a group, analysts predict that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ICE. JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. StockNews.com downgraded Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Friday, September 6th. TD Cowen began coverage on Intercontinental Exchange in a research note on Thursday. They issued a "buy" rating and a $182.00 price objective on the stock. Royal Bank of Canada initiated coverage on Intercontinental Exchange in a research note on Friday. They set an "outperform" rating and a $200.00 target price for the company. Finally, The Goldman Sachs Group raised Intercontinental Exchange from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.47.

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.