Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Interval Partners LP

Interval Partners LP decreased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 38.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,274 shares of the financial services provider’s stock after selling 51,260 shares during the quarter. Interval Partners LP’s holdings in Intercontinental Exchange were worth $11,262,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC raised its position in Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares during the period. New Millennium Group LLC purchased a new position in Intercontinental Exchange during the second quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at about $25,000. Finally, Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter worth about $25,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the sale, the insider now owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at approximately $2,202,819.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Scott Edmonds sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,166 shares of company stock worth $9,768,190. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ICE shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price objective for the company from $143.00 to $167.00 in a research note on Monday, July 1st. Finally, Barclays lifted their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $158.08.

Intercontinental Exchange Stock Up 0.6 %

NYSE ICE opened at $159.84 on Monday. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $163.71. The firm has a market cap of $91.68 billion, a PE ratio of 36.66, a P/E/G ratio of 2.81 and a beta of 1.08. The business’s fifty day simple moving average is $155.82 and its 200-day simple moving average is $142.80. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 EPS. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

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.