Frank Rimerman Advisors LLC Has $1.11 Million Stock Position in Intercontinental Exchange Inc. $ICE

Frank Rimerman Advisors LLC raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,024 shares of the financial services provider’s stock after acquiring an additional 638 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Intercontinental Exchange were worth $1,105,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Optivise Advisory Services LLC lifted its holdings in Intercontinental Exchange by 3.1% during the 2nd quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 54 shares during the last quarter. Tritonpoint Wealth LLC grew its holdings in Intercontinental Exchange by 1.4% in the 2nd quarter. Tritonpoint Wealth LLC now owns 4,347 shares of the financial services provider’s stock valued at $798,000 after buying an additional 58 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Intercontinental Exchange by 5.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock worth $221,000 after buying an additional 58 shares during the period. RB Capital Management LLC lifted its holdings in shares of Intercontinental Exchange by 1.3% during the second quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider’s stock worth $841,000 after buying an additional 59 shares in the last quarter. Finally, Chemistry Wealth Management LLC boosted its position in shares of Intercontinental Exchange by 0.8% in the second quarter. Chemistry Wealth Management LLC now owns 7,847 shares of the financial services provider’s stock valued at $1,440,000 after acquiring an additional 60 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction dated 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 approximately $4,530,293.52. The trade was a 5.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total value of $506,079.00. Following the completion of the transaction, the director directly owned 18,169 shares of the company’s stock, valued at $3,170,672.19. This represents a 13.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,098 shares of company stock worth $4,024,000 over the last three months. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $152.82 on Wednesday. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $87.13 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.11 and a beta of 1.06. The firm has a 50 day simple moving average of $159.29 and a 200 day simple moving average of $172.45.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The company’s revenue was up 2.6% 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.

Analysts Set New Price Targets

ICE has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Barclays set a $183.00 price target on Intercontinental Exchange and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Morgan Stanley lowered their price objective on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $194.70.

Intercontinental Exchange 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.