Evermay Wealth Management LLC Purchases 92 Shares of Intercontinental Exchange Inc. $ICE

Evermay Wealth Management LLC increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,150 shares of the financial services provider’s stock after acquiring an additional 92 shares during the quarter. Evermay Wealth Management LLC’s holdings in Intercontinental Exchange were worth $945,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ICE. Price T Rowe Associates Inc. MD raised its stake in shares of Intercontinental Exchange by 491.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider’s stock worth $1,109,780,000 after acquiring an additional 5,345,388 shares in the last quarter. Nuveen LLC bought a new position in shares of Intercontinental Exchange during the 1st quarter worth approximately $575,383,000. Wellington Management Group LLP raised its stake in shares of Intercontinental Exchange by 113.9% during the 1st quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider’s stock worth $1,025,230,000 after acquiring an additional 3,165,381 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Intercontinental Exchange by 50.6% during the 1st quarter. Bank of New York Mellon Corp now owns 5,933,532 shares of the financial services provider’s stock worth $1,023,534,000 after acquiring an additional 1,993,084 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Intercontinental Exchange by 31.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,575,859 shares of the financial services provider’s stock worth $616,836,000 after acquiring an additional 861,679 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In related news, Director Judith A. Sprieser sold 2,900 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the sale, the director directly owned 18,169 shares of the company’s stock, valued at approximately $3,170,672.19. This represents a 13.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $175.62, for a total transaction of $280,992.00. Following the sale, the senior vice president directly owned 25,796 shares in the company, valued at $4,530,293.52. This trade represents a 5.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 240,956 shares of company stock worth $43,789,542. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ICE. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. Piper Sandler upped their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Raymond James Financial upgraded shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target on the stock in a research note on Monday, October 13th. Morgan Stanley cut 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 research note on Wednesday, October 1st. Finally, UBS Group upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $199.60.

Intercontinental Exchange Stock Up 0.1%

ICE stock opened at $153.52 on Monday. The firm’s fifty day simple moving average is $170.86 and its 200-day simple moving average is $173.58. The company has a market capitalization of $87.88 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. 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 12 month low of $142.29 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 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 business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. As a group, equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

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.