Universal Beteiligungs und Servicegesellschaft mbH Sells 17,126 Shares of Intercontinental Exchange Inc. $ICE

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 531,160 shares of the financial services provider’s stock after selling 17,126 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Intercontinental Exchange were worth $89,490,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Optivise Advisory Services LLC boosted its stake in Intercontinental Exchange by 3.1% in the second quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock worth $329,000 after buying an additional 54 shares in the last quarter. ICONIQ Capital LLC increased its stake in shares of Intercontinental Exchange by 2.2% during the second quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after buying an additional 56 shares during the period. Tritonpoint Wealth LLC boosted its stake in shares of Intercontinental Exchange by 1.4% during the 2nd quarter. Tritonpoint Wealth LLC now owns 4,347 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 58 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Intercontinental Exchange by 5.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 58 shares in the last quarter. Finally, Institute for Wealth Management LLC. grew its stake in Intercontinental Exchange by 1.9% in the second quarter. Institute for Wealth Management LLC. now owns 3,255 shares of the financial services provider’s stock worth $597,000 after purchasing an additional 60 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $170.90 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The firm has a market capitalization of $97.44 billion, a P/E ratio of 31.13, a PEG ratio of 2.12 and a beta of 1.03. The business has a fifty day moving average of $160.68 and a 200 day moving average of $167.22.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business posted $1.55 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insiders Place Their Bets

In related news, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $157.96, for a total value of $584,452.00. Following the sale, the director directly owned 14,469 shares in the company, valued at approximately $2,285,523.24. The trade was a 20.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,081 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $151.00, for a total transaction of $314,231.00. Following the transaction, the general counsel owned 44,212 shares of the company’s stock, valued at $6,676,012. This trade represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 166,068 shares of company stock valued at $25,470,702. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ICE. Raymond James Financial reissued a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Morgan Stanley set a $180.00 price target on shares of Intercontinental Exchange and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Piper Sandler reaffirmed an “overweight” rating and set a $195.00 target price (down previously from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. UBS Group reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods upgraded Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $193.50.

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.