Versant Capital Management Inc Grows Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Versant Capital Management Inc lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 199.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 596 shares of the financial services provider’s stock after buying an additional 397 shares during the quarter. Versant Capital Management Inc’s holdings in Intercontinental Exchange were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in Intercontinental Exchange during the second quarter valued at approximately $25,000. Fairscale Capital LLC bought a new position in Intercontinental Exchange in the 2nd quarter worth $25,000. Wolff Wiese Magana LLC increased its stake in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange during the third quarter valued at about $26,000. Finally, Denver PWM LLC purchased a new position in shares of Intercontinental Exchange in the second quarter valued at about $27,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ICE. The Goldman Sachs Group boosted their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Piper Sandler raised their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.07.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,533 shares of company stock worth $1,196,279 over the last three months. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $149.84 on Friday. The company has a market capitalization of $86.03 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average is $155.74 and its two-hundred day moving average is $154.89.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company posted $1.46 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, analysts expect that Intercontinental Exchange, Inc. will post 6.07 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.