Park National Corp OH Buys 4,862 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Park National Corp OH raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 189,564 shares of the financial services provider’s stock after buying an additional 4,862 shares during the quarter. Park National Corp OH’s holdings in Intercontinental Exchange were worth $28,247,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Fairscale Capital LLC purchased a new stake in Intercontinental Exchange during the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its position in shares of 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 worth $25,000 after purchasing an additional 147 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at $26,000. Financial Management Professionals Inc. boosted its position in shares of Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 87 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange during the 3rd quarter valued at about $29,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Down 0.1 %

ICE opened at $146.38 on Wednesday. The company has a fifty day moving average of $154.92 and a two-hundred day moving average of $155.27. The stock has a market capitalization of $84.05 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 2.57 and a beta of 1.10. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 EPS. On average, research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Transactions at Intercontinental Exchange

In other news, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,533 shares of company stock valued at $1,196,279 in the last three months. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. TD Cowen began coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 price target on the stock. Piper Sandler boosted their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. The Goldman Sachs Group raised their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.07.

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.