19,564 Shares in Intercontinental Exchange Inc. $ICE Bought by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in Intercontinental Exchange Inc. (NYSE:ICE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,564 shares of the financial services provider’s stock, valued at approximately $3,169,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ares Financial Consulting LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter worth $25,000. Dorato Capital Management purchased a new stake in shares of Intercontinental Exchange in the fourth quarter worth $29,000. Steph & Co. raised its position in shares of Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after buying an additional 89 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter worth $28,000. Finally, Caitlin John LLC purchased a new stake in shares of Intercontinental Exchange in the third quarter worth $32,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 1.1%

ICE opened at $156.08 on Tuesday. The company has a market cap of $88.26 billion, a P/E ratio of 22.72, a P/E/G ratio of 1.43 and a beta of 0.96. The business’s 50-day moving average price is $159.10 and its 200-day moving average price is $159.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 earnings per share. On average, equities analysts expect that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their price target on Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Piper Sandler restated an “overweight” rating and set a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods assumed coverage on Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus target price of $194.10.

Insider Transactions at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 15,213 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total value of $2,358,319.26. Following the transaction, the chief technology officer owned 64,869 shares in the company, valued at approximately $10,055,992.38. The trade was a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lynn C. Martin sold 13,456 shares of Intercontinental Exchange stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $153.86, for a total value of $2,070,340.16. Following the completion of the transaction, the insider owned 54,319 shares in the company, valued at approximately $8,357,521.34. This represents a 19.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 335,106 shares of company stock valued at $51,939,449. 0.84% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.