Benedict Financial Advisors Inc. Acquires 462 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Benedict Financial Advisors Inc. increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,240 shares of the financial services provider’s stock after buying an additional 462 shares during the period. Benedict Financial Advisors Inc.’s holdings in Intercontinental Exchange were worth $2,769,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wolff Wiese Magana LLC lifted its position in Intercontinental Exchange by 1,470.0% during the third 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. Northwest Investment Counselors LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at $26,000. Fairscale Capital LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter worth $25,000. Annapolis Financial Services LLC grew its stake 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 worth $25,000 after buying an additional 163 shares during the last quarter. Finally, New Millennium Group LLC acquired a new position in Intercontinental Exchange during the 2nd quarter valued at about $25,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the completion of the transaction, the director now directly owns 3,958 shares in the company, valued at approximately $629,242.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the sale, the director now directly owns 3,958 shares in the company, valued at approximately $629,242.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the transaction, the chief financial officer now directly owns 16,576 shares of the company’s stock, valued at $2,675,863.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock worth $1,202,259 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target for the company. in a report on Monday, October 14th. 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 note on Wednesday. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.93.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded down $1.59 during trading hours on Friday, reaching $165.31. The stock had a trading volume of 2,994,060 shares, compared to its average volume of 2,395,737. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $167.64. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $94.91 billion, a PE ratio of 40.92, a PEG ratio of 2.50 and a beta of 1.08. The stock’s 50 day moving average is $161.61 and its 200 day moving average is $147.19.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Intercontinental Exchange’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.12 earnings per share for the current fiscal year.

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.