Rosenbaum Jay D. Sells 4,607 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Rosenbaum Jay D. cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 49.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,797 shares of the financial services provider’s stock after selling 4,607 shares during the period. Intercontinental Exchange accounts for 1.6% of Rosenbaum Jay D.’s portfolio, making the stock its 19th largest holding. Rosenbaum Jay D.’s holdings in Intercontinental Exchange were worth $616,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at $26,000. Fortitude Family Office LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Altshuler Shaham Ltd bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $29,000. Finally, Sachetta LLC bought a new stake in Intercontinental Exchange in the 4th quarter valued at $29,000. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, February 12th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. UBS Group lifted their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Barclays reduced 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. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.29.

Intercontinental Exchange Trading Down 0.3 %

Shares of ICE stock traded down $0.38 during trading hours on Wednesday, reaching $136.89. 1,295,663 shares of the stock were exchanged, compared to its average volume of 2,339,940. The firm has a market capitalization of $78.52 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 12-month low of $103.81 and a 12-month high of $140.43. The company’s 50-day moving average price is $134.26 and its 200-day moving average price is $128.39.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. The company 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 firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In related news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the transaction, the insider now directly owns 7,476,345 shares in the company, valued at $6,504,420.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Warren Gardiner sold 500 shares of the 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 sale, the chief financial officer now owns 18,326 shares in the company, valued at $2,544,198.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the purchase, the insider now directly owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The disclosure for this purchase can be found here. Insiders sold a total of 61,467 shares of company stock valued at $8,433,168 in the last three months. Company insiders own 1.10% of the company’s stock.

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.