Intercontinental Exchange Inc. $ICE Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC reduced its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.8% during the second quarter, HoldingsChannel reports. The firm owned 5,370 shares of the financial services provider’s stock after selling 457 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Intercontinental Exchange were worth $982,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Tsfg LLC raised its holdings in Intercontinental Exchange by 187.3% in the first quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 103 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Intercontinental Exchange by 595.8% in the first quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 143 shares in the last quarter. Activest Wealth Management raised its holdings in Intercontinental Exchange by 4,050.0% in the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 162 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Intercontinental Exchange in the first quarter valued at $30,000. Finally, Global Trust Asset Management LLC acquired a new stake in Intercontinental Exchange in the first quarter valued at $31,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. Barclays reaffirmed an “overweight” rating and issued a $201.00 price target (down from $212.00) on shares of Intercontinental Exchange in a report on Wednesday. UBS Group boosted their target price on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Intercontinental Exchange from $192.00 to $188.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.10.

Intercontinental Exchange Stock Down 1.1%

Intercontinental Exchange stock opened at $157.51 on Friday. The company has a 50-day simple moving average of $174.01 and a 200-day simple moving average of $174.13. The firm has a market capitalization of $90.16 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35.

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

Insider Buying and Selling at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 10,082 shares of the company’s 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 in the company, valued at approximately $10,365,331.20. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 3,850 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $178.33, for a total transaction of $686,570.50. Following the transaction, the general counsel owned 46,293 shares of the company’s stock, valued at $8,255,430.69. This represents a 7.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 240,956 shares of company stock valued at $43,789,542. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Company Profile

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.