Hara Capital LLC purchased a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,060 shares of the financial services provider’s stock, valued at approximately $500,000.
Other institutional investors also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new position in Intercontinental Exchange during the fourth quarter worth $25,000. Brooklands Fund Management Ltd bought a new stake in Intercontinental Exchange during the fourth quarter valued at $28,000. Swiss RE Ltd. acquired a new stake in Intercontinental Exchange during the 4th quarter worth about $28,000. Lloyd Advisory Services LLC. acquired a new stake in Intercontinental Exchange during the 4th quarter worth about $30,000. Finally, Gables Capital Management Inc. bought a new position in shares of Intercontinental Exchange in the 2nd quarter worth about $31,000. 89.30% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating and issued a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Piper Sandler lowered their target price on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Wall Street Zen lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays reaffirmed an “overweight” rating and set a $182.00 price objective (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $178.00 target price on shares of Intercontinental Exchange in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $183.33.
Insider Buying and Selling at Intercontinental Exchange
In other Intercontinental Exchange news, Director William Jefferson Hague sold 1,333 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $139.46, for a total transaction of $185,900.18. Following the completion of the sale, the director directly owned 20,132 shares of the company’s stock, valued at approximately $2,807,608.72. The trade was a 6.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 7,300 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total value of $1,086,824.00. Following the completion of the sale, the senior vice president directly owned 19,063 shares of the company’s stock, valued at approximately $2,838,099.44. This trade represents a 27.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 17,709 shares of company stock valued at $2,646,042. Insiders own 0.84% of the company’s stock.
Intercontinental Exchange Price Performance
Shares of NYSE:ICE opened at $158.68 on Friday. Intercontinental Exchange Inc. has a twelve month low of $121.79 and a twelve month high of $181.65. The stock’s 50 day moving average is $141.92 and its 200-day moving average is $151.63. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $89.08 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.55 and a beta of 0.92.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the business posted $1.81 EPS. Intercontinental Exchange’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that Intercontinental Exchange Inc. will post 8.11 EPS for the current fiscal 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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