Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Everpar Advisors LLC

Everpar Advisors LLC increased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 35.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,084 shares of the financial services provider’s stock after buying an additional 811 shares during the quarter. Everpar Advisors LLC’s holdings in Intercontinental Exchange were worth $422,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $6,334,000. NewEdge Wealth LLC lifted its position in shares of Intercontinental Exchange by 14.3% during the 4th quarter. NewEdge Wealth LLC now owns 2,343 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 294 shares during the last quarter. Wealth Alliance boosted its stake in shares of Intercontinental Exchange by 54.6% during the 4th quarter. Wealth Alliance now owns 3,583 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 1,265 shares in the last quarter. TRUE Private Wealth Advisors grew its holdings in shares of Intercontinental Exchange by 34.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 3,404 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 865 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $39,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ICE shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their target price for the company from $143.00 to $167.00 in a research note on Monday, July 1st. Argus reaffirmed a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Citigroup upped their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $154.93.

Insiders Place Their Bets

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the sale, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at $2,675,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Judith A. Sprieser sold 2,267 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total value of $305,070.19. Following the transaction, the director now directly owns 28,849 shares in the company, valued at approximately $3,882,209.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the transaction, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. The disclosure for this sale can be found here. Insiders have sold 64,992 shares of company stock valued at $9,197,801 over the last three months. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 0.7 %

ICE traded up $1.04 during midday trading on Friday, hitting $156.54. 2,004,523 shares of the company’s stock traded hands, compared to its average volume of 2,480,153. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 1.01. The company has a market cap of $89.79 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. The stock’s fifty day simple moving average is $144.97 and its 200-day simple moving average is $138.30. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $157.18.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business posted $1.43 EPS. Intercontinental Exchange’s quarterly revenue was up 22.7% on a year-over-year basis. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6 earnings per share 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.