Childress Capital Advisors LLC Has $481,000 Stock Position in Intercontinental Exchange Inc. $ICE

Childress Capital Advisors LLC lifted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 3.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,624 shares of the financial services provider’s stock after acquiring an additional 91 shares during the period. Childress Capital Advisors LLC’s holdings in Intercontinental Exchange were worth $481,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tsfg LLC raised its holdings in shares of Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock worth $27,000 after buying an additional 103 shares in the last quarter. Rakuten Securities Inc. increased its holdings in Intercontinental Exchange by 595.8% in the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 143 shares in the last quarter. Activest Wealth Management increased its holdings in Intercontinental Exchange by 4,050.0% in the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 162 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Intercontinental Exchange in the 1st quarter worth about $30,000. Finally, Global Trust Asset Management LLC acquired a new position in Intercontinental Exchange in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ICE shares. UBS Group upped their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $195.00 to $203.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. Barclays upped their target price on Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Piper Sandler upped their target price on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $197.36.

Intercontinental Exchange Trading Up 0.2%

Shares of ICE stock opened at $168.26 on Wednesday. The stock has a market cap of $96.32 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 2.01 and a beta of 1.10. The stock has a 50-day moving average of $177.79 and a 200-day moving average of $174.91. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.04. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. On average, equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In related news, Director Duriya M. Farooqui sold 2,036 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $178.34, for a total transaction of $363,100.24. Following the sale, the director owned 14,299 shares in the company, valued at $2,550,083.66. This represents a 12.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stuart Glen Williams sold 939 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $172.04, for a total value of $161,545.56. Following the sale, the chief operating officer owned 16,624 shares in the company, valued at approximately $2,859,992.96. The trade was a 5.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 230,874 shares of company stock worth $42,187,714 over the last quarter. 1.00% of the stock is owned by company insiders.

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.