Prospera Private Wealth LLC Takes Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Prospera Private Wealth LLC bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 22,322 shares of the financial services provider's stock, valued at approximately $3,586,000.

Other hedge funds have also bought and sold shares of the company. New Millennium Group LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. Fairscale Capital LLC purchased a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC boosted its holdings in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock worth $25,000 after buying an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter worth $26,000. Institutional investors own 89.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ICE shares. JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Raymond James cut shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price objective on the stock. in a research report on Monday, October 14th. 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, November 1st. Piper Sandler boosted their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group lifted their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $174.13.

Intercontinental Exchange Trading Down 1.4 %

Intercontinental Exchange stock traded down $2.14 during trading hours on Wednesday, hitting $155.79. The company had a trading volume of 532,584 shares, compared to its average volume of 2,568,205. The firm has a market cap of $89.45 billion, a P/E ratio of 37.42, a P/E/G ratio of 2.57 and a beta of 1.08. The company has a 50-day moving average price of $160.81 and a two-hundred day moving average price of $150.63. Intercontinental Exchange, Inc. has a 1 year low of $111.82 and a 1 year high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced 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. The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange's revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. On average, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Activity

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,171 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares of the company's stock, valued at approximately $2,666,400. This trade represents a 6.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Martha A. Tirinnanzi sold 509 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the completion of the sale, the director now owns 3,958 shares of the company's stock, valued at approximately $629,242.84. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,489 shares of company stock worth $1,202,259. Company insiders own 1.10% of the company's stock.

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.