Intercontinental Exchange Inc. $ICE Shares Bought by Doliver Advisors LP

Doliver Advisors LP raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 23.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,654 shares of the financial services provider’s stock after purchasing an additional 1,063 shares during the quarter. Doliver Advisors LP’s holdings in Intercontinental Exchange were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in ICE. Brighton Jones LLC increased its stake in shares of Intercontinental Exchange by 51.3% during the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,169 shares during the period. Jefferies Financial Group Inc. increased its stake in shares of Intercontinental Exchange by 5.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 2,459 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Intercontinental Exchange by 27.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,008 shares of the financial services provider’s stock valued at $13,412,000 after acquiring an additional 19,410 shares during the period. Man Group plc increased its stake in shares of Intercontinental Exchange by 88.6% during the fourth quarter. Man Group plc now owns 209,494 shares of the financial services provider’s stock valued at $31,217,000 after acquiring an additional 98,437 shares during the period. Finally, Pathstone Holdings LLC increased its stake in shares of Intercontinental Exchange by 0.8% during the fourth quarter. Pathstone Holdings LLC now owns 82,815 shares of the financial services provider’s stock valued at $12,340,000 after acquiring an additional 663 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In related news, Director Martha A. Tirinnanzi sold 610 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $179.76, for a total value of $109,653.60. Following the completion of the transaction, the director owned 3,519 shares of the company’s stock, valued at approximately $632,575.44. This trade represents a 14.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $175.62, for a total transaction of $280,992.00. Following the completion of the transaction, the senior vice president directly owned 25,796 shares of the company’s stock, valued at $4,530,293.52. This represents a 5.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 230,730 shares of company stock valued at $42,171,892 in the last ninety days. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Trading Down 1.2%

Shares of NYSE:ICE opened at $174.02 on Friday. The stock has a market capitalization of $99.61 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.10 and a beta of 1.10. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average price of $180.62 and a 200 day moving average price of $174.97.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays raised their price objective on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. UBS Group raised their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Piper Sandler raised their price objective on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $194.92.

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.