OneDigital Investment Advisors LLC Makes New Investment in Intercontinental Exchange Inc. $ICE

OneDigital Investment Advisors LLC acquired a new stake in Intercontinental Exchange Inc. (NYSE:ICE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,245 shares of the financial services provider’s stock, valued at approximately $1,015,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ICE. Ares Financial Consulting LLC purchased a new position in Intercontinental Exchange in the fourth quarter worth approximately $25,000. Brooklands Fund Management Ltd purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Swiss RE Ltd. purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $30,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth $37,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In other news, Director William Jefferson Hague sold 1,333 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $139.46, for a total value of $185,900.18. Following the completion of the sale, the director directly owned 20,132 shares of the company’s stock, valued at approximately $2,807,608.72. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas Foley sold 7,300 shares of Intercontinental Exchange stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the completion of the transaction, the senior vice president directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 18,376 shares of company stock valued at $2,746,946 over the last 90 days. 0.84% of the stock is owned by insiders.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $154.62 on Tuesday. The stock’s 50-day moving average is $140.90 and its two-hundred day moving average is $151.97. The firm has a market cap of $86.80 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 1.52 and a beta of 0.92. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $181.72. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

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, beating the consensus estimate of $1.84 by $0.06. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.81 EPS. Analysts predict that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ICE. Wall Street Zen lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Piper Sandler decreased their price target 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 objective on Intercontinental Exchange in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $178.00 target price on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, Rothschild & Co Redburn set a $177.00 target price on Intercontinental Exchange in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $183.33.

Intercontinental Exchange Profile

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.