Intercontinental Exchange Inc. $ICE Shares Purchased by Strs Ohio

Strs Ohio boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 216,567 shares of the financial services provider’s stock after buying an additional 11,881 shares during the period. Strs Ohio’s holdings in Intercontinental Exchange were worth $39,734,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ICE. Spinnaker Trust boosted its holdings in shares of Intercontinental Exchange by 22.1% in the 2nd quarter. Spinnaker Trust now owns 1,727 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 313 shares during the last quarter. Savvy Advisors Inc. boosted its holdings in Intercontinental Exchange by 36.7% in the second quarter. Savvy Advisors Inc. now owns 3,185 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 855 shares during the last quarter. Assetmark Inc. boosted its holdings in Intercontinental Exchange by 1.1% in the second quarter. Assetmark Inc. now owns 24,111 shares of the financial services provider’s stock valued at $4,424,000 after acquiring an additional 262 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Intercontinental Exchange by 4.0% in the second quarter. HBK Sorce Advisory LLC now owns 2,109 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 82 shares during the last quarter. Finally, Premier Path Wealth Partners LLC boosted its holdings in Intercontinental Exchange by 18.6% in the second quarter. Premier Path Wealth Partners LLC now owns 5,694 shares of the financial services provider’s stock valued at $1,045,000 after acquiring an additional 892 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $195.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Morgan Stanley reduced their price target on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. Raymond James Financial raised shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target on the stock in a research report on Monday, October 13th. Piper Sandler lifted their target price on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.60.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $148.39 on Friday. Intercontinental Exchange Inc. has a 12 month low of $142.29 and a 12 month high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $84.94 billion, a P/E ratio of 28.48, a P/E/G ratio of 2.11 and a beta of 1.08. The company’s fifty day moving average price is $166.24 and its two-hundred day moving average price is $173.50.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Mayur Kapani sold 10,082 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $158.88, for a total value of $1,601,828.16. Following the sale, the chief technology officer directly owned 65,240 shares of the company’s stock, valued at $10,365,331.20. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the sale, the director directly owned 18,169 shares in the company, valued at $3,170,672.19. This represents a 13.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 240,162 shares of company stock valued at $43,642,652. Insiders own 1.00% 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.