Wedmont Private Capital Acquires 118 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Wedmont Private Capital increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,746 shares of the financial services provider’s stock after acquiring an additional 118 shares during the period. Wedmont Private Capital’s holdings in Intercontinental Exchange were worth $776,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Scarborough Advisors LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $25,000. Fortitude Family Office LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $28,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $28,000. Altshuler Shaham Ltd bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $29,000. Finally, Sachetta LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $29,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE stock traded down $0.42 during midday trading on Friday, reaching $136.69. 998,341 shares of the company’s stock traded hands, compared to its average volume of 2,302,903. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $140.43. The stock has a market cap of $78.40 billion, a P/E ratio of 31.45, a PEG ratio of 2.54 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 stock’s 50-day moving average is $133.74 and its 200 day moving average is $131.74.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.48. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 earnings per share. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at $6,417,450.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at $6,417,450.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,238 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $137.36, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 63,234 shares of company stock valued at $8,668,823 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. increased their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating 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. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Argus restated a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. One equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.29.

Read Our Latest Research Report on Intercontinental Exchange

Intercontinental Exchange 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.

Further Reading

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

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