New Century Financial Group LLC Purchases Shares of 1,621 Intercontinental Exchange, Inc. (NYSE:ICE)

New Century Financial Group LLC acquired a new position in Intercontinental Exchange, Inc. (NYSE:ICE) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,621 shares of the financial services provider’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Annapolis Financial Services LLC increased its stake in Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the period. Redmont Wealth Advisors LLC purchased a new position in shares of Intercontinental Exchange in the first quarter worth $26,000. Scarborough Advisors LLC bought a new stake in Intercontinental Exchange during the 4th quarter valued at $25,000. Fortitude Family Office LLC purchased a new stake in Intercontinental Exchange during the 4th quarter valued at $28,000. Finally, Stuart Chaussee & Associates Inc. bought a new stake in Intercontinental Exchange in the 4th quarter worth $28,000. Institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the sale, the general counsel now directly owns 46,815 shares in the company, valued at approximately $6,397,737.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the sale, the general counsel now owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares in the company, valued at $6,417,450.62. The disclosure for this sale can be found here. Insiders sold a total of 4,506 shares of company stock valued at $609,374 in the last quarter. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

ICE has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $164.00 price objective on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Argus reaffirmed a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America cut their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $151.29.

Intercontinental Exchange Price Performance

Shares of ICE opened at $141.16 on Friday. The firm’s 50-day simple moving average is $135.15 and its two-hundred day simple moving average is $133.23. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $141.59. The stock has a market cap of $80.97 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.63 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.

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