Ashton Thomas Private Wealth LLC Sells 410 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Ashton Thomas Private Wealth LLC decreased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 9,611 shares of the financial services provider’s stock after selling 410 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Intercontinental Exchange were worth $1,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Pettyjohn Wood & White Inc. grew its stake in shares of Intercontinental Exchange by 0.5% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 75 shares during the last quarter. Western Pacific Wealth Management LP increased its stake in shares of Intercontinental Exchange by 4.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock valued at $220,000 after buying an additional 80 shares during the period. Kampmann Melissa S. raised its position in shares of Intercontinental Exchange by 0.3% during the fourth quarter. Kampmann Melissa S. now owns 26,175 shares of the financial services provider’s stock worth $3,362,000 after acquiring an additional 85 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Intercontinental Exchange by 0.8% during the fourth quarter. Assetmark Inc. now owns 10,224 shares of the financial services provider’s stock valued at $1,313,000 after acquiring an additional 86 shares during the period. Finally, Marcum Wealth LLC increased its position in Intercontinental Exchange by 3.2% in the first quarter. Marcum Wealth LLC now owns 2,802 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 87 shares during the period. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Citigroup lifted their target price on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price target for the company from $143.00 to $167.00 in a research note on Monday. Argus reaffirmed a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Finally, Keefe, Bruyette & Woods cut their target price on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $151.29.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were acquired at an average price of $0.87 per share, with a total value of $305,265.60. Following the completion of the transaction, the insider now directly owns 649,934 shares in the company, valued at approximately $565,442.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of Intercontinental Exchange stock in a transaction dated Thursday, April 25th. The shares were purchased at an average price of $0.87 per share, with a total value of $305,265.60. Following the acquisition, the insider now owns 649,934 shares of the company’s stock, valued at $565,442.58. The disclosure for this purchase can be found here. Insiders sold 4,506 shares of company stock valued at $609,374 over the last three months. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Down 0.5 %

ICE traded down $0.76 during trading on Friday, reaching $140.40. The company had a trading volume of 559,863 shares, compared to its average volume of 2,340,397. The business’s fifty day moving average price is $135.15 and its 200 day moving average price is $133.23. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $141.59. The company has a market cap of $80.53 billion, a P/E ratio of 32.38, a PEG ratio of 2.63 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.48. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 EPS. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

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.