Rockland Trust Co. Has $16.07 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Rockland Trust Co. increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 4,001.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,838 shares of the financial services provider's stock after buying an additional 105,209 shares during the period. Rockland Trust Co.'s holdings in Intercontinental Exchange were worth $16,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICE. Fifth Third Wealth Advisors LLC grew its stake in shares of Intercontinental Exchange by 14.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,303 shares of the financial services provider's stock worth $1,237,000 after acquiring an additional 1,040 shares during the last quarter. Community Trust & Investment Co. grew its position in Intercontinental Exchange by 1.4% in the 4th quarter. Community Trust & Investment Co. now owns 125,284 shares of the financial services provider's stock worth $18,668,000 after purchasing an additional 1,680 shares during the last quarter. Bright Rock Capital Management LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $4,470,000. Crestmont Private Wealth LLC increased its holdings in shares of Intercontinental Exchange by 3.3% during the 4th quarter. Crestmont Private Wealth LLC now owns 3,665 shares of the financial services provider's stock worth $546,000 after purchasing an additional 116 shares during the period. Finally, SeaCrest Wealth Management LLC raised its position in shares of Intercontinental Exchange by 16.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 3,315 shares of the financial services provider's stock valued at $494,000 after buying an additional 475 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded up $2.86 on Wednesday, reaching $148.11. The company's stock had a trading volume of 5,105,092 shares, compared to its average volume of 3,267,742. The business's fifty day moving average price is $153.62 and its 200 day moving average price is $155.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $85.04 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 2.57 and a beta of 1.10. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,533 shares of company stock valued at $1,196,279 over the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler boosted their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group boosted their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Morgan Stanley raised their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Barclays decreased their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Bank of America increased their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.20.

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.