Intercontinental Exchange Inc. $ICE Shares Sold by Mattson Financial Services LLC

Mattson Financial Services LLC lowered its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,896 shares of the financial services provider’s stock after selling 235 shares during the quarter. Mattson Financial Services LLC’s holdings in Intercontinental Exchange were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Fielder Capital Group LLC increased its stake in Intercontinental Exchange by 2.2% in the 1st quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 61 shares in the last quarter. E Fund Management Co. Ltd. increased its stake in Intercontinental Exchange by 4.2% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,500 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 61 shares in the last quarter. Berkeley Capital Partners LLC increased its stake in Intercontinental Exchange by 1.1% in the 1st quarter. Berkeley Capital Partners LLC now owns 5,639 shares of the financial services provider’s stock worth $973,000 after purchasing an additional 62 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in Intercontinental Exchange by 17.2% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 63 shares in the last quarter. Finally, Values Added Financial LLC increased its stake in Intercontinental Exchange by 4.4% in the 1st quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. UBS Group raised their price objective on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Piper Sandler raised their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $194.92.

Intercontinental Exchange Trading Down 0.7%

Shares of NYSE ICE opened at $172.25 on Thursday. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The firm has a market capitalization of $98.60 billion, a PE ratio of 33.06, a PEG ratio of 2.07 and a beta of 1.10. 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 business has a 50-day moving average price of $180.94 and a two-hundred day moving average price of $174.89.

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

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Duriya M. Farooqui sold 2,036 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $178.34, for a total transaction of $363,100.24. Following the completion of the sale, the director directly owned 14,299 shares in the company, valued at $2,550,083.66. The trade was a 12.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Warren Gardiner sold 1,570 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $178.45, for a total value of $280,166.50. Following the sale, the chief financial officer owned 22,106 shares of the company’s stock, valued at approximately $3,944,815.70. This represents a 6.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 229,130 shares of company stock worth $41,890,900 over the last quarter. Insiders own 1.00% of the company’s stock.

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.