Simon Quick Advisors LLC Purchases 249 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Simon Quick Advisors LLC grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.6% in the fourth quarter, HoldingsChannel reports. The fund owned 4,013 shares of the financial services provider’s stock after acquiring an additional 249 shares during the period. Simon Quick Advisors LLC’s holdings in Intercontinental Exchange were worth $598,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its stake in Intercontinental Exchange by 139.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,634 shares of the financial services provider’s stock worth $497,000 after buying an additional 2,117 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Intercontinental Exchange by 2,142.1% in the second quarter. 1832 Asset Management L.P. now owns 24,080 shares of the financial services provider’s stock valued at $3,296,000 after purchasing an additional 23,006 shares in the last quarter. Evergreen Capital Management LLC increased its stake in Intercontinental Exchange by 8.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,772 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 289 shares in the last quarter. Resources Management Corp CT ADV lifted its position in shares of Intercontinental Exchange by 5.3% during the second quarter. Resources Management Corp CT ADV now owns 3,852 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 195 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Intercontinental Exchange by 60.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 109,681 shares of the financial services provider’s stock valued at $15,014,000 after purchasing an additional 41,129 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Piper Sandler lifted their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $175.27.

Intercontinental Exchange Stock Up 1.6 %

ICE stock opened at $154.11 on Thursday. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The firm has a fifty day moving average price of $152.96 and a two-hundred day moving average price of $155.86. 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 has a market cap of $88.48 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 2.85 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $2.35 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Research analysts predict that Intercontinental Exchange, Inc. will post 6.05 EPS for the current year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 13,795 shares of company stock worth $2,120,572 over the last three months. 1.10% of the stock is currently owned by insiders.

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.