Applied Capital LLC FL Trims Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Applied Capital LLC FL trimmed its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 3,437 shares of the financial services provider’s stock after selling 90 shares during the period. Applied Capital LLC FL’s holdings in Intercontinental Exchange were worth $552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Annapolis Financial Services LLC boosted its position in shares of Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares during the last quarter. New Millennium Group LLC purchased a new position in Intercontinental Exchange during the second quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Intercontinental Exchange in the 1st quarter worth $26,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Piper Sandler increased their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Friday, October 4th. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research note on Monday. Finally, Barclays raised their target price on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $170.67.

Intercontinental Exchange Stock Up 0.5 %

Shares of Intercontinental Exchange stock opened at $165.25 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $167.23. The business has a 50-day moving average of $159.80 and a 200-day moving average of $145.72. The company has a market capitalization of $94.78 billion, a PE ratio of 37.90, a P/E/G ratio of 2.62 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm earned $1.43 EPS. Intercontinental Exchange’s quarterly revenue was up 22.7% on a year-over-year basis. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.08 EPS for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares of the company’s stock, valued at $2,675,863.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now owns 16,576 shares in the company, valued at approximately $2,675,863.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,532 shares of company stock valued at $1,358,709. 1.10% of the stock is currently owned by corporate insiders.

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.