Financial Insights Inc. Lowers Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Financial Insights Inc. cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 50.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,042 shares of the financial services provider's stock after selling 3,156 shares during the quarter. Financial Insights Inc.'s holdings in Intercontinental Exchange were worth $489,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ICE. Fisher Asset Management LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $317,000. Atlas Capital Advisors LLC increased its stake in Intercontinental Exchange by 21.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 821 shares of the financial services provider's stock valued at $113,000 after buying an additional 146 shares during the period. GoalVest Advisory LLC raised its position in Intercontinental Exchange by 528.3% during the 1st quarter. GoalVest Advisory LLC now owns 666 shares of the financial services provider's stock worth $92,000 after buying an additional 560 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Intercontinental Exchange by 8.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,815 shares of the financial services provider's stock worth $249,000 after acquiring an additional 136 shares during the period. Finally, Procyon Advisors LLC lifted its stake in shares of Intercontinental Exchange by 5.4% in the 1st quarter. Procyon Advisors LLC now owns 14,991 shares of the financial services provider's stock worth $2,060,000 after acquiring an additional 763 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ICE shares. Bank of America raised their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Citigroup lifted 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. TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a "hold" rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average price target of $172.80.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the business's stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,836 shares in the company, valued at approximately $2,675,400. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO James W. Namkung sold 1,043 shares of the company's stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,836 shares in the company, valued at approximately $2,675,400. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,532 shares of company stock valued at $1,358,709. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $165.94 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $167.23. The business has a fifty day moving average of $161.03 and a 200-day moving average of $146.73. The stock has a market cap of $95.18 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The firm's revenue for the quarter was up 22.7% on a year-over-year basis. As a group, analysts predict that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current fiscal year.

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.