North Dallas Bank & Trust Co. purchased a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,957 shares of the financial services provider’s stock, valued at approximately $965,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $25,000. Dorato Capital Management bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $29,000. Steph & Co. raised its holdings in shares of Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 89 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $30,000. 89.30% of the stock is owned by institutional investors.
Analysts Set New Price Targets
ICE has been the topic of a number of research analyst reports. Weiss Ratings cut shares of Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Barclays reaffirmed an “overweight” rating and issued a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a report on Friday, May 1st. Keefe, Bruyette & Woods initiated coverage on shares of Intercontinental Exchange in a report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $211.00 target price (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.60.
Intercontinental Exchange Stock Performance
Shares of NYSE:ICE opened at $141.48 on Wednesday. The company’s 50 day moving average price is $155.27 and its two-hundred day moving average price is $159.60. Intercontinental Exchange Inc. has a 12-month low of $136.67 and a 12-month high of $189.35. The firm has a market cap of $80.01 billion, a PE ratio of 20.59, a PEG ratio of 1.33 and a beta of 0.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.12. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $1.72 EPS. Equities research analysts predict that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.
Insider Activity
In related news, Director Sharon Bowen sold 667 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $151.28, for a total transaction of $100,903.76. Following the sale, the director owned 15,077 shares in the company, valued at approximately $2,280,848.56. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mayur Kapani sold 4,271 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $155.42, for a total transaction of $663,798.82. Following the sale, the chief technology officer owned 64,869 shares in the company, valued at $10,081,939.98. This represents a 6.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 12,001 shares of company stock worth $1,847,820. Insiders own 0.84% of the company’s stock.
Intercontinental Exchange Company Profile
Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.
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