Intercontinental Exchange, Inc. (NYSE:ICE) is GW Henssler & Associates Ltd.’s 7th Largest Position

GW Henssler & Associates Ltd. lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,015 shares of the financial services provider’s stock after selling 2,355 shares during the quarter. Intercontinental Exchange makes up approximately 2.3% of GW Henssler & Associates Ltd.’s holdings, making the stock its 7th biggest position. GW Henssler & Associates Ltd.’s holdings in Intercontinental Exchange were worth $37,431,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in shares of Intercontinental Exchange by 3.2% in the 2nd quarter. Cetera Investment Advisers now owns 63,902 shares of the financial services provider’s stock valued at $8,748,000 after purchasing an additional 2,006 shares during the last quarter. AMF Tjanstepension AB raised its holdings in Intercontinental Exchange by 14.5% during the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after buying an additional 16,130 shares in the last quarter. Czech National Bank lifted its position in shares of Intercontinental Exchange by 7.0% in the third quarter. Czech National Bank now owns 116,958 shares of the financial services provider’s stock worth $18,788,000 after buying an additional 7,656 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Intercontinental Exchange by 7.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 241,714 shares of the financial services provider’s stock worth $38,829,000 after acquiring an additional 15,968 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Intercontinental Exchange by 35.4% during the 3rd quarter. GAMMA Investing LLC now owns 8,359 shares of the financial services provider’s stock worth $1,343,000 after acquiring an additional 2,186 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ICE. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a report on Monday, October 14th. Piper Sandler boosted their price objective 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. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Barclays cut their target price on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods lowered their price target on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $159.82 on Monday. The business’s 50 day moving average is $153.12 and its 200-day moving average is $156.49. 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 has a market capitalization of $91.77 billion, a PE ratio of 37.87, a PEG ratio of 3.06 and a beta of 1.11. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly 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 net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company earned $1.46 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current year.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the 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 transaction, the president now directly owns 156,163 shares in the company, valued at $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,795 shares of company stock worth $2,120,572. Corporate insiders own 1.10% of the company’s stock.

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.