Traphagen Investment Advisors LLC Increases Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Traphagen Investment Advisors LLC boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,780 shares of the financial services provider’s stock after acquiring an additional 146 shares during the quarter. Intercontinental Exchange comprises about 0.9% of Traphagen Investment Advisors LLC’s holdings, making the stock its 19th largest holding. Traphagen Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $9,121,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ICE. Annapolis Financial Services LLC lifted its stake 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 in the last quarter. New Millennium Group LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange in the second quarter valued at $25,000. Fairscale Capital LLC acquired a new position in Intercontinental Exchange during the 2nd quarter worth $25,000. Finally, Wolff Wiese Magana LLC raised its stake in shares of 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 valued at $25,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In related news, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the transaction, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at approximately $2,675,400. This trade 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. In related news, CAO James W. Namkung sold 1,043 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the sale, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martha A. Tirinnanzi sold 509 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the sale, the director now directly owns 3,958 shares in the company, valued at approximately $629,242.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,532 shares of company stock valued at $1,358,709 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ICE. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Monday. Morgan Stanley increased their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Piper Sandler lifted their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Finally, Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $172.80.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded down $0.69 during mid-day trading on Tuesday, hitting $165.65. 362,542 shares of the company’s stock traded hands, compared to its average volume of 2,471,545. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $167.23. The company has a market cap of $95.01 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. The firm has a 50 day moving average price of $160.80 and a 200 day moving average price of $146.53. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 earnings per share. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.08 EPS for the current year.

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.