Wellspring Financial Advisors LLC Takes Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Wellspring Financial Advisors LLC purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,636 shares of the financial services provider’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Intercontinental Exchange in the third quarter worth approximately $26,000. Fortitude Family Office LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $28,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $28,000. Altshuler Shaham Ltd purchased a new stake in Intercontinental Exchange in the fourth quarter valued at $29,000. Finally, Sachetta LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at $29,000. Institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ICE shares. Bank of America lowered their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Barclays lowered their price target on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a report on Friday, May 3rd. UBS Group increased their target price on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Citigroup boosted their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $148.29.

Check Out Our Latest Stock Analysis on Intercontinental Exchange

Intercontinental Exchange Trading Up 0.9 %

ICE traded up $1.18 during mid-day trading on Tuesday, hitting $134.83. 992,457 shares of the stock were exchanged, compared to its average volume of 2,301,530. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a market cap of $77.34 billion, a PE ratio of 30.65, a PEG ratio of 2.49 and a beta of 1.06. The firm’s fifty day moving average is $134.01 and its two-hundred day moving average is $129.97. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $140.43.

Intercontinental Exchange (NYSE:ICEGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. Intercontinental Exchange’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 EPS. Equities analysts forecast that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other news, CFO Warren Gardiner sold 500 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $138.83, for a total transaction of $69,415.00. Following the sale, the chief financial officer now owns 18,326 shares of the company’s stock, valued at approximately $2,544,198.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Judith A. Sprieser sold 2,267 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total transaction of $305,070.19. Following the sale, the director now owns 28,849 shares of the company’s stock, valued at approximately $3,882,209.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Warren Gardiner sold 500 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $138.83, for a total value of $69,415.00. Following the sale, the chief financial officer now directly owns 18,326 shares in the company, valued at approximately $2,544,198.58. The disclosure for this sale can be found here. Insiders have sold 63,734 shares of company stock valued at $8,738,238 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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