Brighton Jones LLC Has $853,000 Stock Holdings in Intercontinental Exchange Inc. $ICE

Brighton Jones LLC boosted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 23.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,647 shares of the financial services provider’s stock after acquiring an additional 873 shares during the period. Brighton Jones LLC’s holdings in Intercontinental Exchange were worth $853,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth $28,000. Activest Wealth Management increased its position in shares of Intercontinental Exchange by 4,050.0% in the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after buying an additional 162 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Intercontinental Exchange during the 1st quarter worth $30,000. Hilltop National Bank acquired a new position in Intercontinental Exchange in the second quarter valued at about $31,000. Finally, Accredited Wealth Management LLC acquired a new position in Intercontinental Exchange in the first quarter valued at about $33,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $157.25 on Wednesday. The company has a fifty day moving average price of $167.48 and a 200 day moving average price of $173.71. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The firm has a market cap of $90.01 billion, a PE ratio of 30.18, a PEG ratio of 2.23 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ICE. Piper Sandler boosted their target price on Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. boosted their target price on Intercontinental Exchange from $195.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. UBS Group boosted their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $198.60.

Insider Activity at Intercontinental Exchange

In other news, Director Duriya M. Farooqui sold 2,036 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $178.34, for a total transaction of $363,100.24. Following the completion of the transaction, the director directly owned 14,299 shares in the company, valued at $2,550,083.66. This represents a 12.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,900 shares of the stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 240,162 shares of company stock worth $43,642,652. Corporate insiders own 1.00% of the company’s stock.

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.