Unigestion Holding SA Decreases Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Unigestion Holding SA cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 88.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,228 shares of the financial services provider's stock after selling 17,490 shares during the quarter. Unigestion Holding SA's holdings in Intercontinental Exchange were worth $358,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. TCW Group Inc. increased its holdings in Intercontinental Exchange by 2.3% in the 3rd quarter. TCW Group Inc. now owns 703,244 shares of the financial services provider's stock worth $112,969,000 after buying an additional 15,953 shares in the last quarter. Soltis Investment Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $233,000. Rehmann Capital Advisory Group grew its stake in shares of Intercontinental Exchange by 1.9% in the third quarter. Rehmann Capital Advisory Group now owns 6,843 shares of the financial services provider's stock worth $1,101,000 after acquiring an additional 128 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Intercontinental Exchange by 3.0% during the third quarter. TD Private Client Wealth LLC now owns 17,882 shares of the financial services provider's stock valued at $2,873,000 after purchasing an additional 522 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position 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 valued at $49,888,000 after purchasing an additional 4,973 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 468 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares of the company's stock, valued at approximately $2,202,819.30. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. The trade was a 4.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,901 shares of company stock valued at $1,582,542. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded down $1.63 during mid-day trading on Thursday, hitting $156.55. The stock had a trading volume of 1,919,733 shares, compared to its average volume of 2,602,109. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm's 50 day moving average is $160.18 and its 200 day moving average is $153.08. The firm has a market capitalization of $89.89 billion, a P/E ratio of 37.49, a P/E/G ratio of 2.58 and a beta of 1.08. Intercontinental Exchange, Inc. has a one year low of $117.49 and a one year high of $167.99.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Intercontinental Exchange from $173.00 to $187.00 and gave the company an "overweight" rating in a research note on Monday. TD Cowen began coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a "buy" rating and a $182.00 target price on the stock. Raymond James cut Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price on the stock. in a research report on Monday, October 14th. Piper Sandler upped their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and a consensus target price of $175.07.

Intercontinental Exchange 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.