Oak Ridge Investments LLC Increases Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Oak Ridge Investments LLC boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,502 shares of the financial services provider's stock after acquiring an additional 2,501 shares during the period. Oak Ridge Investments LLC's holdings in Intercontinental Exchange were worth $6,482,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ICE. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Intercontinental Exchange by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock valued at $5,647,000 after purchasing an additional 366 shares during the last quarter. M&T Bank Corp lifted its position in Intercontinental Exchange by 33.2% in the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock valued at $7,500,000 after buying an additional 11,648 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its position in Intercontinental Exchange by 9.2% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock valued at $108,515,000 after buying an additional 61,110 shares during the last quarter. Toronto Dominion Bank boosted its stake in Intercontinental Exchange by 1.6% during the third quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider's stock worth $49,888,000 after buying an additional 4,973 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Intercontinental Exchange during the third quarter valued at about $14,880,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares of the company's stock, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,795 shares of company stock worth $2,120,572 over the last three months. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com lowered shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. 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 on the stock. Piper Sandler increased their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average target price of $175.27.

Intercontinental Exchange Stock Down 0.8 %

Shares of Intercontinental Exchange stock traded down $1.16 during trading on Friday, hitting $149.07. 3,301,963 shares of the stock were exchanged, compared to its average volume of 2,416,945. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The firm's 50-day moving average price is $153.20 and its 200 day moving average price is $155.63. The stock has a market cap of $85.59 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same period in the prior year, the firm posted $1.46 EPS. The business's quarterly revenue was up 17.3% compared to the same quarter last year. As a group, analysts forecast that Intercontinental Exchange, Inc. will post 6.06 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.