Canandaigua National Bank & Trust Co. Has $418,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Canandaigua National Bank & Trust Co. reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 72.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,043 shares of the financial services provider’s stock after selling 7,940 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Intercontinental Exchange were worth $418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $1,383,000. Grayhawk Investment Strategies Inc. bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $98,000. Accent Capital Management LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $726,000. M3 Advisory Group LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $327,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $263,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

Shares of ICE stock traded up $0.56 during trading on Tuesday, reaching $136.76. 655,188 shares of the company’s stock traded hands, compared to its average volume of 2,293,557. The company has a market capitalization of $78.44 billion, a P/E ratio of 31.24, a PEG ratio of 2.53 and a beta of 1.06. 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 firm’s 50-day moving average is $133.57 and its 200 day moving average is $131.51. 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 earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company posted $1.41 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. Equities research analysts expect that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

Insiders Place Their Bets

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 28,849 shares in the company, valued at approximately $3,882,209.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Judith A. Sprieser sold 2,238 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total value of $307,411.68. Following the transaction, the director now owns 29,347 shares of the company’s stock, valued at approximately $4,031,103.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total transaction of $305,070.19. Following the completion of the transaction, the director now directly owns 28,849 shares in the company, valued at approximately $3,882,209.93. The disclosure for this sale can be found here. Insiders have sold 63,234 shares of company stock worth $8,668,823 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays reduced their price objective on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, May 31st. Keefe, Bruyette & Woods reduced their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Argus reaffirmed a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.29.

Read Our Latest Stock Report on ICE

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.

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

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