Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,802 shares of the financial services provider’s stock after selling 141 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ICE. New Millennium Group LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in shares of Intercontinental Exchange during the second quarter worth about $25,000. Fairscale Capital LLC purchased a new stake in Intercontinental Exchange in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its holdings in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in Intercontinental Exchange during the 3rd quarter worth approximately $26,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Martha A. Tirinnanzi sold 509 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total transaction of $80,920.82. Following the transaction, the director now directly owns 3,958 shares in the company, valued at $629,242.84. The trade was a 11.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 4.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Down 0.6 %

Shares of NYSE ICE opened at $155.55 on Friday. Intercontinental Exchange, Inc. has a 52-week low of $110.64 and a 52-week high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The company’s 50-day simple moving average is $160.97 and its 200-day simple moving average is $149.92. The firm has a market cap of $89.31 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the business earned $1.46 EPS. Intercontinental Exchange’s quarterly revenue was up 17.3% on a year-over-year basis. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ICE. The Goldman Sachs Group upped their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. Bank of America boosted their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays dropped their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.13.

About Intercontinental Exchange

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.