Allen Mooney & Barnes Investment Advisors LLC Has $1.19 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Allen Mooney & Barnes Investment Advisors LLC cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,416 shares of the financial services provider’s stock after selling 173 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $1,191,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ICE. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter valued at $25,000. Annapolis Financial Services LLC grew its stake in shares of Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares in the last quarter. New Millennium Group LLC bought a new position in Intercontinental Exchange during the second quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter worth about $25,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the first quarter valued at approximately $26,000. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup raised their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. 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 report on Tuesday, October 8th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. raised their target price on Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Three equities 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 has an average rating of “Moderate Buy” and an average target price of $170.67.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $164.38 on Tuesday. The stock has a 50-day moving average price of $159.50 and a two-hundred day moving average price of $145.53. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $164.75. The company has a market capitalization of $94.29 billion, a PE ratio of 37.70, a P/E/G ratio of 2.62 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business earned $1.43 EPS. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. Analysts expect that Intercontinental Exchange, Inc. will post 6.08 EPS for the current year.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the transaction, the insider now owns 14,636 shares in the company, valued at approximately $2,174,909.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction on 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 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. Over the last 90 days, insiders sold 9,532 shares of company stock valued at $1,507,309. Insiders own 1.10% of the company’s stock.

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.