Enterprise Bank & Trust Co Raises Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Enterprise Bank & Trust Co grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,889 shares of the financial services provider’s stock after buying an additional 241 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Intercontinental Exchange were worth $2,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in Intercontinental Exchange by 4.1% during the second quarter. LPL Financial LLC now owns 379,199 shares of the financial services provider’s stock valued at $51,909,000 after buying an additional 14,793 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of Intercontinental Exchange by 5.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,877 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 139 shares during the last quarter. Federated Hermes Inc. boosted its stake in Intercontinental Exchange by 6.4% during the second quarter. Federated Hermes Inc. now owns 208,078 shares of the financial services provider’s stock worth $28,484,000 after buying an additional 12,526 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of Intercontinental Exchange by 3.7% during the 2nd quarter. HBK Sorce Advisory LLC now owns 2,112 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 75 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Intercontinental Exchange by 2.8% during the second quarter. Parallel Advisors LLC now owns 6,016 shares of the financial services provider’s stock valued at $824,000 after buying an additional 164 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded up $0.84 during midday trading on Monday, reaching $143.64. The company’s stock had a trading volume of 1,653,185 shares, compared to its average volume of 2,760,929. The firm has a market capitalization of $82.47 billion, a PE ratio of 34.04, a P/E/G ratio of 2.57 and a beta of 1.10. The stock has a fifty day moving average of $154.09 and a 200 day moving average of $155.43. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company earned $1.46 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research analyst reports. Bank of America upped their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. The Goldman Sachs Group upped their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. TD Cowen began coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective for the company. Finally, Morgan Stanley raised their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $175.20.

Insiders Place Their Bets

In related news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,533 shares of company stock valued at $1,196,279 over the last ninety days. 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.