Integrated Investment Consultants LLC Has $525,000 Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Integrated Investment Consultants LLC grew its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 48.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,267 shares of the financial services provider’s stock after purchasing an additional 1,070 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Intercontinental Exchange were worth $525,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at $25,000. International Assets Investment Management LLC bought a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $25,000. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC lifted 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 acquiring an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In other news, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following 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 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,809 shares of company stock valued at $933,978. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

ICE has been the subject of a number of research reports. TD Cowen began coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target for the company. JPMorgan Chase & Co. raised their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Barclays lowered their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $174.13.

Intercontinental Exchange Price Performance

ICE stock opened at $158.70 on Friday. The company has a market capitalization of $91.13 billion, a P/E ratio of 37.61, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a 52-week low of $111.82 and a 52-week high of $167.99. The business has a 50-day simple moving average of $160.68 and a two-hundred day simple moving average of $150.72.

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

Intercontinental Exchange Company 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.