Premier Path Wealth Partners LLC Buys 1,767 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Premier Path Wealth Partners LLC grew its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 67.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,376 shares of the financial services provider’s stock after acquiring an additional 1,767 shares during the period. Premier Path Wealth Partners LLC’s holdings in Intercontinental Exchange were worth $599,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ICE. Scarborough Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $25,000. Annapolis Financial Services LLC raised its holdings in Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after buying an additional 163 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Intercontinental Exchange during the 1st quarter worth approximately $26,000. Stuart Chaussee & Associates Inc. bought a new stake in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Finally, Venturi Wealth Management LLC increased its position in Intercontinental Exchange by 82.3% in the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $141.13, for a total transaction of $55,746.35. Following the transaction, the chief technology officer now owns 64,471 shares in the company, valued at $9,098,792.23. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Judith A. Sprieser sold 2,267 shares of Intercontinental Exchange stock in a transaction that occurred 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 transaction, the director now owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Mayur Kapani sold 395 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the sale, the chief technology officer now owns 64,471 shares of the company’s stock, valued at approximately $9,098,792.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,992 shares of company stock valued at $9,197,801. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Up 0.9 %

Shares of NYSE ICE traded up $1.41 during trading on Friday, hitting $160.01. 2,665,237 shares of the company traded hands, compared to its average volume of 2,468,567. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 0.99. The business’s fifty day moving average is $147.29 and its 200 day moving average is $139.28. The firm has a market capitalization of $91.78 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $160.25.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. Equities research analysts predict that Intercontinental Exchange, Inc. will post 6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ICE. Barclays lifted their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Argus reiterated a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $164.00 price target on shares of Intercontinental Exchange in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $154.93.

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.