Intercontinental Exchange Inc. $ICE Shares Acquired by Oak Ridge Investments LLC

Oak Ridge Investments LLC lifted its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,611 shares of the financial services provider’s stock after acquiring an additional 586 shares during the quarter. Oak Ridge Investments LLC’s holdings in Intercontinental Exchange were worth $8,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ICE. Concurrent Investment Advisors LLC boosted its holdings in Intercontinental Exchange by 7.4% during the second quarter. Concurrent Investment Advisors LLC now owns 17,316 shares of the financial services provider’s stock worth $3,177,000 after buying an additional 1,192 shares in the last quarter. Cerro Pacific Wealth Advisors LLC boosted its holdings in Intercontinental Exchange by 40.2% during the second quarter. Cerro Pacific Wealth Advisors LLC now owns 1,989 shares of the financial services provider’s stock worth $365,000 after buying an additional 570 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in Intercontinental Exchange by 12.2% during the second quarter. Apollon Wealth Management LLC now owns 21,215 shares of the financial services provider’s stock worth $3,892,000 after buying an additional 2,301 shares in the last quarter. Natural Investments LLC boosted its holdings in Intercontinental Exchange by 12.6% during the second quarter. Natural Investments LLC now owns 15,662 shares of the financial services provider’s stock worth $2,873,000 after buying an additional 1,747 shares in the last quarter. Finally, Conning Inc. boosted its holdings in Intercontinental Exchange by 0.9% during the second quarter. Conning Inc. now owns 27,816 shares of the financial services provider’s stock worth $5,103,000 after buying an additional 257 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 10,082 shares of the company’s stock in a transaction that occurred on 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 approximately $10,365,331.20. This represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $174.51, for a total transaction of $506,079.00. Following the transaction, the director directly owned 18,169 shares of the company’s stock, valued at $3,170,672.19. This trade represents a 13.76% 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. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $157.51 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $90.16 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 1.92 and a beta of 1.08. The company’s 50 day simple moving average is $174.01 and its 200 day simple moving average is $174.12. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.04. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. On average, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on ICE shares. UBS Group boosted their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a report on Wednesday. Morgan Stanley reduced their price target on shares of Intercontinental Exchange from $192.00 to $188.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $195.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $197.10.

Intercontinental Exchange 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.