Willner & Heller LLC Invests $433,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Willner & Heller LLC purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,370 shares of the financial services provider’s stock, valued at approximately $433,000.

Several other large investors also recently bought and sold shares of the business. Pettyjohn Wood & White Inc. grew its holdings in shares of Intercontinental Exchange by 0.5% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock worth $2,031,000 after purchasing an additional 75 shares during the period. Western Pacific Wealth Management LP boosted its position in shares of Intercontinental Exchange by 4.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock worth $220,000 after buying an additional 80 shares during the period. Kampmann Melissa S. raised its holdings in shares of Intercontinental Exchange by 0.3% in the 4th quarter. Kampmann Melissa S. now owns 26,175 shares of the financial services provider’s stock valued at $3,362,000 after buying an additional 85 shares during the period. Assetmark Inc. lifted its stake in Intercontinental Exchange by 0.8% during the 4th quarter. Assetmark Inc. now owns 10,224 shares of the financial services provider’s stock worth $1,313,000 after acquiring an additional 86 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp boosted its holdings in Intercontinental Exchange by 4.2% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 2,230 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ICE. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, May 31st. Rosenblatt Securities restated a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Keefe, Bruyette & Woods decreased their target price on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Argus restated a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Finally, Barclays decreased their price objective on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.29.

Intercontinental Exchange Stock Up 0.3 %

ICE opened at $135.67 on Monday. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $140.43. The business has a 50 day moving average price of $133.59 and a two-hundred day moving average price of $131.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a market cap of $77.82 billion, a PE ratio of 31.12, a P/E/G ratio of 2.53 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company earned $1.41 earnings per share. Intercontinental Exchange’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, research analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Intercontinental Exchange, Inc purchased 350,880 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average price of $0.87 per share, with a total value of $305,265.60. Following the acquisition, the insider now owns 649,934 shares in the company, valued at approximately $565,442.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Intercontinental Exchange, Inc purchased 350,880 shares of the stock in a transaction dated Thursday, April 25th. The stock was acquired at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the transaction, the insider now owns 649,934 shares of the company’s stock, valued at $565,442.58. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the sale, the chief executive officer now owns 1,179,895 shares in the company, valued at $161,893,392.95. The disclosure for this sale can be found here. Insiders have sold a total of 63,234 shares of company stock worth $8,668,823 over the last quarter. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Company 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.