Applied Capital LLC FL Sells 213 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Applied Capital LLC FL decreased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,527 shares of the financial services provider’s stock after selling 213 shares during the period. Applied Capital LLC FL’s holdings in Intercontinental Exchange were worth $485,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ICE. Woodmont Investment Counsel LLC acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth $245,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Intercontinental Exchange by 3.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,279,484 shares of the financial services provider’s stock worth $175,839,000 after purchasing an additional 43,499 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth $866,000. Hexagon Capital Partners LLC boosted its stake in shares of Intercontinental Exchange by 34.4% during the first quarter. Hexagon Capital Partners LLC now owns 727 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 186 shares in the last quarter. Finally, LVW Advisors LLC boosted its stake in shares of Intercontinental Exchange by 6.9% during the first quarter. LVW Advisors LLC now owns 2,184 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the sale, the chief executive officer now directly owns 1,179,895 shares in the company, valued at $161,893,392.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares in the company, valued at approximately $6,417,450.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares in the company, valued at $161,893,392.95. The disclosure for this sale can be found here. Insiders have sold a total of 62,894 shares of company stock worth $8,620,792 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

ICE stock traded up $3.89 during midday trading on Tuesday, hitting $140.82. The company’s stock had a trading volume of 3,303,060 shares, compared to its average volume of 2,350,370. The stock’s 50-day moving average price is $134.62 and its 200 day moving average price is $133.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $140.98. The stock has a market cap of $80.77 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.55 and a beta of 1.06.

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, hitting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The business’s revenue was up 20.8% on a year-over-year basis. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

Analyst Ratings Changes

ICE has been the topic of a number of recent research reports. Barclays cut their price target on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Keefe, Bruyette & Woods lowered their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Morgan Stanley raised their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.29.

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.