Atlas Capital Advisors LLC Boosts Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Atlas Capital Advisors LLC lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 21.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 821 shares of the financial services provider’s stock after acquiring an additional 146 shares during the period. Atlas Capital Advisors LLC’s holdings in Intercontinental Exchange were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ICE. Scarborough Advisors LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth $25,000. Jones Financial Companies Lllp acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $26,000. Fortitude Family Office LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $28,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $28,000. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $137.39 on Thursday. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $140.43. The company has a market cap of $78.81 billion, a PE ratio of 31.51, a P/E/G ratio of 2.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50-day simple moving average of $134.14 and a 200-day simple moving average of $132.51.

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

Insider Transactions at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,267 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the sale, the director now owns 28,849 shares of the company’s stock, valued at approximately $3,882,209.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,996 shares of company stock valued at $8,361,411. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America cut their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Keefe, Bruyette & Woods cut their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Citigroup raised their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Morgan Stanley lifted their target price on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Argus reaffirmed a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.29.

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.