Pictet North America Advisors SA Boosts Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Pictet North America Advisors SA increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 14.1% during the third quarter, HoldingsChannel.com reports. The fund owned 7,313 shares of the financial services provider’s stock after buying an additional 902 shares during the quarter. Pictet North America Advisors SA’s holdings in Intercontinental Exchange were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC purchased a new stake in Intercontinental Exchange during the fourth quarter worth about $317,000. Atlas Capital Advisors LLC raised its holdings in Intercontinental Exchange by 21.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 821 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 146 shares during the period. GoalVest Advisory LLC raised its stake in shares of Intercontinental Exchange by 528.3% during the 1st quarter. GoalVest Advisory LLC now owns 666 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 560 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of Intercontinental Exchange by 8.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,815 shares of the financial services provider’s stock worth $249,000 after buying an additional 136 shares in the last quarter. Finally, Procyon Advisors LLC grew its stake in Intercontinental Exchange by 5.4% during the first quarter. Procyon Advisors LLC now owns 14,991 shares of the financial services provider’s stock valued at $2,060,000 after acquiring an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the sale, the general counsel now owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, 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 completion of the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,532 shares of company stock worth $1,358,709 over the last three months. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays increased their price target on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Raymond James lowered 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 research note on Monday, October 14th. Bank of America increased their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, October 4th. Finally, Morgan Stanley boosted their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $172.80.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $165.94 on Wednesday. The business’s 50-day moving average is $161.03 and its 200 day moving average is $146.73. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $167.23. The company has a market capitalization of $95.18 billion, a P/E ratio of 38.06, a P/E/G ratio of 2.62 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

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

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.