Tulsa Wealth Advisors INC purchased a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 3,751 shares of the financial services provider’s stock, valued at approximately $607,000.
Several other large investors also recently bought and sold shares of the business. Ares Financial Consulting LLC purchased a new position in Intercontinental Exchange in the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Steph & Co. grew its position in shares of Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 89 shares in the last quarter. Brooklands Fund Management Ltd acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Finally, Swiss RE Ltd. acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.
Wall Street Analysts Forecast Growth
ICE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods assumed coverage on Intercontinental Exchange in a research note on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price objective on the stock. UBS Group reaffirmed a “buy” rating and issued a $205.00 target price on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. Barclays reiterated an “overweight” rating and set a $201.00 price target (up from $198.00) on shares of Intercontinental Exchange in a report on Friday, May 1st. Piper Sandler reissued an “overweight” rating and issued a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Finally, Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.
Insider Buying and Selling at Intercontinental Exchange
In other news, Director Sharon Bowen sold 667 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the completion of the transaction, the director directly owned 15,077 shares in the company, valued at approximately $2,280,848.56. This represents a 4.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $155.42, for a total value of $663,798.82. Following the sale, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at $10,081,939.98. The trade was a 6.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 13,425 shares of company stock worth $2,046,324. Insiders own 0.84% of the company’s stock.
Intercontinental Exchange Trading Down 0.1%
ICE opened at $133.76 on Friday. The stock has a market capitalization of $75.64 billion, a PE ratio of 19.47, a P/E/G ratio of 1.28 and a beta of 0.92. Intercontinental Exchange Inc. has a one year low of $132.84 and a one year high of $189.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day moving average price is $151.34 and its 200 day moving average price is $158.60.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its 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. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts expect that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.
About Intercontinental Exchange
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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