Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by First Financial Corp IN

First Financial Corp IN raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 176.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 418 shares of the financial services provider’s stock after purchasing an additional 267 shares during the period. First Financial Corp IN’s holdings in Intercontinental Exchange were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ICE. Benson Investment Management Company Inc. acquired a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $5,174,000. PFW Advisors LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $2,481,000. Elevated Capital Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter valued at approximately $279,000. Bar Harbor Wealth Management lifted its stake in Intercontinental Exchange by 1.4% during the fourth quarter. Bar Harbor Wealth Management now owns 28,250 shares of the financial services provider’s stock worth $4,210,000 after purchasing an additional 403 shares during the last quarter. Finally, Enterprise Bank & Trust Co boosted its holdings in Intercontinental Exchange by 1.4% in the fourth quarter. Enterprise Bank & Trust Co now owns 16,889 shares of the financial services provider’s stock worth $2,517,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.7 %

Intercontinental Exchange stock opened at $143.84 on Tuesday. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. The stock has a market cap of $82.59 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 2.57 and a beta of 1.10. The company’s 50-day moving average price is $153.88 and its two-hundred day moving average price is $155.47. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

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, meeting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the business earned $1.46 earnings per share. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ICE. Barclays reduced their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research report on Monday. Morgan Stanley lifted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Bank of America raised their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Piper Sandler increased their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $175.20.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,533 shares of company stock worth $1,196,279. 1.10% of the stock is owned by company insiders.

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.