Doliver Advisors LP Decreases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Doliver Advisors LP lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,936 shares of the financial services provider’s stock after selling 87 shares during the quarter. Doliver Advisors LP’s holdings in Intercontinental Exchange were worth $793,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ICE. Fairscale Capital LLC purchased a new position in Intercontinental Exchange in the 2nd quarter worth $25,000. Annapolis Financial Services LLC raised its stake in shares of Intercontinental Exchange by 1,018.8% in the first 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 last quarter. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange during the second quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in Intercontinental Exchange in the second quarter valued at approximately $25,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Intercontinental Exchange in the 1st quarter worth approximately $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. The disclosure for this sale can be found here. Insiders have sold 68,316 shares of company stock valued at $9,835,609 over the last ninety days. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ICE. Citigroup lifted their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Barclays upped their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Royal Bank of Canada began coverage on Intercontinental Exchange in a research note on Friday, September 27th. They issued an “outperform” rating and a $200.00 target price on the stock. Finally, StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has given 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 $162.47.

Intercontinental Exchange Stock Down 0.1 %

Shares of NYSE ICE opened at $160.91 on Thursday. The firm has a market cap of $92.30 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. The company’s 50-day simple moving average is $157.64 and its 200-day simple moving average is $144.03. 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, Inc. has a 52-week low of $104.49 and a 52-week high of $163.71.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the firm posted $1.43 EPS. Intercontinental Exchange’s revenue was up 22.7% compared to the same quarter last year. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.04 EPS 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.