Interchange Capital Partners LLC Purchases 2,100 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Interchange Capital Partners LLC grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 114.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,936 shares of the financial services provider’s stock after acquiring an additional 2,100 shares during the quarter. Interchange Capital Partners LLC’s holdings in Intercontinental Exchange were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ICE. Scarborough Advisors LLC bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC raised its position in Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. New Millennium Group LLC bought a new stake in shares of Intercontinental Exchange in the 2nd quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $25,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Intercontinental Exchange during the first quarter valued at approximately $26,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on ICE. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Citigroup raised their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Barclays boosted their price target on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price objective for the company from $143.00 to $167.00 in a research report on Monday, July 1st. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $154.93.

Insider Buying and Selling at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the sale, the insider now owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the sale, the general counsel now directly owns 46,815 shares in the company, valued at $6,397,737.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the transaction, the insider now owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.60. The disclosure for this sale can be found here. Insiders sold 66,346 shares of company stock valued at $9,472,911 in the last 90 days. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE traded up $1.33 during mid-day trading on Friday, reaching $161.55. The stock had a trading volume of 3,067,676 shares, compared to its average volume of 2,574,770. The business has a fifty day moving average of $149.68 and a 200 day moving average of $140.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $92.75 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.84 and a beta of 1.06. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $161.97.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. The company 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 firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.04 EPS for the current 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.