AlphaMark Advisors LLC Grows Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

AlphaMark Advisors LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,348 shares of the financial services provider’s stock after buying an additional 166 shares during the quarter. AlphaMark Advisors LLC’s holdings in Intercontinental Exchange were worth $1,542,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ICE. Moody Lynn & Lieberson LLC lifted its position in Intercontinental Exchange by 6.7% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 38,754 shares of the financial services provider’s stock worth $5,775,000 after buying an additional 2,430 shares during the period. Running Oak Capital LLC lifted its holdings in shares of Intercontinental Exchange by 9.3% during the 4th quarter. Running Oak Capital LLC now owns 90,115 shares of the financial services provider’s stock worth $13,428,000 after acquiring an additional 7,672 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Intercontinental Exchange by 4.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 27,049 shares of the financial services provider’s stock worth $4,031,000 after acquiring an additional 1,121 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth approximately $24,810,000. Finally, Sound Income Strategies LLC grew its holdings in Intercontinental Exchange by 14.6% in the fourth quarter. Sound Income Strategies LLC now owns 1,074 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now owns 66,548 shares in the company, valued at approximately $9,821,819.32. This trade represents a 7.84 % 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, insider Christopher Scott Edmonds sold 601 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares in the company, valued at approximately $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,795 shares of company stock valued at $2,120,572. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

ICE stock opened at $157.52 on Friday. The stock’s 50 day moving average is $152.98 and its two-hundred day moving average is $155.98. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $167.99. The company has a market capitalization of $90.45 billion, a PE ratio of 37.33, a P/E/G ratio of 2.95 and a beta of 1.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion during 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 was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Analysts predict that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ICE. The Goldman Sachs Group increased their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. Piper Sandler upped their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $175.27.

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.