Fourpath Capital Management LLC Cuts Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Fourpath Capital Management LLC trimmed its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,559 shares of the financial services provider’s stock after selling 1,763 shares during the period. Fourpath Capital Management LLC’s holdings in Intercontinental Exchange were worth $3,064,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Boston Trust Walden Corp acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth about $269,000. GPS Wealth Strategies Group LLC boosted its holdings in Intercontinental Exchange by 54.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 367 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 130 shares in the last quarter. Western Pacific Wealth Management LP increased its position in Intercontinental Exchange by 53.7% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,705 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 945 shares during the period. McAdam LLC raised its stake in shares of Intercontinental Exchange by 6.6% during the 4th quarter. McAdam LLC now owns 1,588 shares of the financial services provider’s stock worth $237,000 after buying an additional 98 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of Intercontinental Exchange by 2.9% in the 4th quarter. Greenleaf Trust now owns 16,118 shares of the financial services provider’s stock valued at $2,402,000 after buying an additional 457 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now directly owns 12,922 shares of the company’s stock, valued at $1,908,967.06. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,795 shares of company stock valued at $2,120,572. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

ICE has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $160.40 on Tuesday. The company has a 50-day simple moving average of $153.12 and a 200-day simple moving average of $156.54. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $92.10 billion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 3.06 and a beta of 1.10. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99.

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.