Sivia Capital Partners LLC Invests $664,000 in Intercontinental Exchange Inc. $ICE

Sivia Capital Partners LLC purchased a new position in Intercontinental Exchange Inc. (NYSE:ICE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,390 shares of the financial services provider’s stock, valued at approximately $664,000.

Several other large investors also recently added to or reduced their stakes in ICE. Leelyn Smith LLC increased its position in shares of Intercontinental Exchange by 3.0% during the second quarter. Leelyn Smith LLC now owns 32,972 shares of the financial services provider’s stock worth $4,059,000 after acquiring an additional 967 shares during the period. Cape Investment Advisory Inc. raised its stake in shares of Intercontinental Exchange by 44.4% during the second quarter. Cape Investment Advisory Inc. now owns 8,894 shares of the financial services provider’s stock valued at $1,095,000 after acquiring an additional 2,735 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $466,000. Capital Investment Advisory Services LLC boosted its holdings in shares of Intercontinental Exchange by 29.2% in the second quarter. Capital Investment Advisory Services LLC now owns 2,736 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 619 shares during the period. Finally, Thor Investment Management Inc. OH ADV grew its stake in Intercontinental Exchange by 2.3% in the second quarter. Thor Investment Management Inc. OH ADV now owns 19,475 shares of the financial services provider’s stock worth $2,398,000 after purchasing an additional 432 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $155.34 on Friday. The firm has a market cap of $87.21 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.49 and a beta of 0.92. The company’s 50 day moving average is $140.32 and its 200 day moving average is $152.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $183.13.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.Intercontinental Exchange’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.81 earnings per share. On average, sell-side analysts anticipate that Intercontinental Exchange Inc. will post 8.08 EPS for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 7,300 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total value of $1,086,824.00. Following the transaction, the senior vice president owned 19,063 shares in the company, valued at $2,838,099.44. The trade was a 27.69% 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, General Counsel Andrew J. Surdykowski sold 4,573 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total transaction of $693,083.88. Following the completion of the transaction, the general counsel owned 45,473 shares of the company’s stock, valued at $6,891,887.88. This represents a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 16,454 shares of company stock worth $2,469,349. Company insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of several research reports. Wall Street Zen downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Piper Sandler lowered their target price on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Raymond James Financial set a $208.00 price target on Intercontinental Exchange in a research report on Monday, July 6th. Morgan Stanley cut their price target on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Finally, Weiss Ratings downgraded Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $183.33.

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.