Nisa Investment Advisors LLC Has $46.55 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Nisa Investment Advisors LLC raised its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 253,713 shares of the financial services provider’s stock after acquiring an additional 6,689 shares during the period. Nisa Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $46,549,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 1,169 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Intercontinental Exchange by 42.0% during the 1st quarter. GAMMA Investing LLC now owns 13,129 shares of the financial services provider’s stock worth $2,265,000 after buying an additional 3,883 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Intercontinental Exchange by 32.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 32,751 shares of the financial services provider’s stock worth $5,650,000 after buying an additional 8,077 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Intercontinental Exchange by 279.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,310 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 965 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its position in shares of Intercontinental Exchange by 1.5% in the 1st quarter. Perigon Wealth Management LLC now owns 15,172 shares of the financial services provider’s stock valued at $2,617,000 after acquiring an additional 226 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Up 0.2%

ICE opened at $157.71 on Friday. The stock has a market capitalization of $90.28 billion, a P/E ratio of 30.27, a P/E/G ratio of 2.20 and a beta of 1.08. Intercontinental Exchange Inc. has a 12 month low of $142.29 and a 12 month high of $189.35. The firm’s fifty day simple moving average is $168.26 and its 200 day simple moving average is $173.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

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

Insiders Place Their Bets

In other news, Director Duriya M. Farooqui sold 2,036 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $178.34, for a total value of $363,100.24. Following the sale, the director directly owned 14,299 shares in the company, valued at $2,550,083.66. This trade represents a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Douglas Foley sold 1,600 shares of the business’s 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 completion of the sale, the senior vice president directly owned 25,796 shares in the company, valued at approximately $4,530,293.52. This represents a 5.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 240,162 shares of company stock worth $43,642,652 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Exchange in a report on Saturday. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Piper Sandler boosted their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $195.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Finally, Barclays reiterated an “overweight” rating and set a $201.00 target price (down from $212.00) on shares of Intercontinental Exchange in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $198.60.

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.