Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP trimmed its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 281,982 shares of the financial services provider’s stock after selling 1,656 shares during the period. Artemis Investment Management LLP’s holdings in Intercontinental Exchange were worth $45,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Advisor Networks LLC boosted its stake in shares of Intercontinental Exchange by 22.0% during the 4th quarter. Cetera Advisor Networks LLC now owns 34,151 shares of the financial services provider’s stock worth $4,386,000 after acquiring an additional 6,164 shares in the last quarter. 1832 Asset Management L.P. boosted its position in Intercontinental Exchange by 1,197.5% during the fourth quarter. 1832 Asset Management L.P. now owns 1,038 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 958 shares in the last quarter. Sei Investments Co. grew its holdings in Intercontinental Exchange by 2.2% in the fourth quarter. Sei Investments Co. now owns 336,633 shares of the financial services provider’s stock valued at $43,234,000 after purchasing an additional 7,269 shares during the period. Cresset Asset Management LLC increased its position in shares of Intercontinental Exchange by 5.4% in the fourth quarter. Cresset Asset Management LLC now owns 67,066 shares of the financial services provider’s stock valued at $8,613,000 after buying an additional 3,421 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $722,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $162.09 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $92.97 billion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. The firm’s 50-day moving average is $158.32 and its two-hundred day moving average is $144.63. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $164.18.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays boosted their price target on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the stock an “overweight” rating in a report on Monday. Piper Sandler upped their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America lifted their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Citigroup increased their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $170.67.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Judith A. Sprieser sold 1,941 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $160.69, for a total transaction of $311,899.29. Following the completion of the transaction, the director now directly owns 26,908 shares in the company, valued at $4,323,846.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction dated 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 transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,532 shares of company stock worth $1,507,309. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange 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.