Intercontinental Exchange Inc. $ICE Position Lifted by Solstein Capital LLC

Solstein Capital LLC raised its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,263 shares of the financial services provider’s stock after acquiring an additional 311 shares during the quarter. Solstein Capital LLC’s holdings in Intercontinental Exchange were worth $599,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Tritonpoint Wealth LLC raised its holdings in shares of Intercontinental Exchange by 1.4% during the second quarter. Tritonpoint Wealth LLC now owns 4,347 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 58 shares during the period. RB Capital Management LLC lifted its position in shares of Intercontinental Exchange by 1.3% in the 2nd quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider’s stock worth $841,000 after buying an additional 59 shares during the last quarter. Chemistry Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 0.8% in the 2nd quarter. Chemistry Wealth Management LLC now owns 7,847 shares of the financial services provider’s stock worth $1,440,000 after buying an additional 60 shares during the last quarter. Institute for Wealth Management LLC. lifted its position in shares of Intercontinental Exchange by 1.9% in the 2nd quarter. Institute for Wealth Management LLC. now owns 3,255 shares of the financial services provider’s stock worth $597,000 after buying an additional 60 shares during the last quarter. Finally, Fielder Capital Group LLC lifted its position in shares of Intercontinental Exchange by 2.2% in the 1st quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider’s stock worth $484,000 after buying an additional 61 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Barclays restated an “overweight” rating and issued a $201.00 price target (down from $212.00) on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Saturday. Piper Sandler raised their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. One equities 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 company. According to MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $198.60.

Intercontinental Exchange Stock Up 0.2%

ICE stock opened at $157.71 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $189.35. The firm’s 50-day simple moving average is $168.26 and its 200 day simple moving average is $173.68. The stock has a market cap of $90.28 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.04. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. As a group, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 3,850 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $178.33, for a total value of $686,570.50. Following the completion of the transaction, the general counsel owned 46,293 shares in the company, valued at $8,255,430.69. This represents a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Mayur Kapani sold 10,082 shares of the stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $158.88, for a total transaction of $1,601,828.16. Following the completion of the transaction, the chief technology officer owned 65,240 shares of the company’s stock, valued at $10,365,331.20. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 240,162 shares of company stock worth $43,642,652 over the last ninety days. Insiders own 1.00% of the company’s stock.

About Intercontinental Exchange

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.