Intercontinental Exchange, Inc. (NYSE:ICE) Stock Position Raised by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 13.0% in the fourth quarter, Holdings Channel reports. The firm owned 5,482 shares of the financial services provider’s stock after buying an additional 629 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in Intercontinental Exchange were worth $704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ICE. Frazier Financial Advisors LLC bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $29,000. Central Valley Advisors LLC bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $1,253,000. King Luther Capital Management Corp raised its stake in shares of Intercontinental Exchange by 70.2% in the 4th quarter. King Luther Capital Management Corp now owns 6,518 shares of the financial services provider’s stock valued at $837,000 after acquiring an additional 2,688 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Intercontinental Exchange by 4.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,789 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 112 shares in the last quarter. Finally, Seven Mile Advisory bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $219,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Morgan Stanley raised their target price on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Citigroup raised their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods lowered their target price on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Finally, Bank of America lowered their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $148.29.

Insider Buying and Selling

In other Intercontinental Exchange news, CFO Warren Gardiner sold 500 shares of Intercontinental Exchange stock in a transaction on Friday, March 8th. The stock was sold at an average price of $138.83, for a total value of $69,415.00. Following the completion of the transaction, the chief financial officer now owns 18,326 shares in the company, valued at approximately $2,544,198.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the business’s stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the transaction, the insider now owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Warren Gardiner sold 500 shares of Intercontinental Exchange stock in a transaction on Friday, March 8th. The shares were sold at an average price of $138.83, for a total value of $69,415.00. Following the completion of the transaction, the chief financial officer now owns 18,326 shares of the company’s stock, valued at approximately $2,544,198.58. The disclosure for this sale can be found here. Insiders sold 61,467 shares of company stock worth $8,433,168 in the last 90 days. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded down $0.38 during midday trading on Wednesday, hitting $136.89. 1,295,663 shares of the company were exchanged, compared to its average volume of 2,339,940. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $78.52 billion, a P/E ratio of 31.48, a PEG ratio of 2.56 and a beta of 1.02. Intercontinental Exchange, Inc. has a 52 week low of $103.81 and a 52 week high of $140.43. The firm has a 50 day simple moving average of $134.26 and a 200-day simple moving average of $128.39.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate 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 was up 20.8% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. Research analysts forecast that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current year.

Intercontinental Exchange Company 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.