Avitas Wealth Management LLC Purchases 163 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Avitas Wealth Management LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,970 shares of the financial services provider’s stock after acquiring an additional 163 shares during the period. Avitas Wealth Management LLC’s holdings in Intercontinental Exchange were worth $4,019,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Ninety One UK Ltd grew its holdings in Intercontinental Exchange by 8.3% in the 4th quarter. Ninety One UK Ltd now owns 1,489,289 shares of the financial services provider’s stock worth $221,919,000 after acquiring an additional 113,541 shares during the last quarter. Longboard Asset Management LP bought a new stake in Intercontinental Exchange in the 4th quarter worth $233,000. Commonwealth Financial Services LLC grew its holdings in Intercontinental Exchange by 10.0% in the 4th quarter. Commonwealth Financial Services LLC now owns 2,099 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 191 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its stake in shares of Intercontinental Exchange by 1.9% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 127,841 shares of the financial services provider’s stock valued at $19,050,000 after purchasing an additional 2,338 shares in the last quarter. Finally, Boston Trust Walden Corp bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $269,000. Institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange 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 of the company’s stock, valued at $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,795 shares of company stock valued at $2,120,572. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Barclays cut their target price on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. 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. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.27.

Intercontinental Exchange Stock Down 0.6 %

Shares of Intercontinental Exchange stock opened at $159.37 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $91.50 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 3.06 and a beta of 1.11. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $167.99. The company has a 50-day simple moving average of $153.14 and a two-hundred day simple moving average of $156.63.

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.