Two Sigma Securities LLC Has $831,000 Stake in Intercontinental Exchange Inc. $ICE

Two Sigma Securities LLC grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 172.5% in the 2nd quarter, Holdings Channel reports. The fund owned 6,747 shares of the financial services provider’s stock after purchasing an additional 4,271 shares during the quarter. Two Sigma Securities LLC’s holdings in Intercontinental Exchange were worth $831,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ICE. Rakuten Securities Inc. acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $26,000. Brooklands Fund Management Ltd acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Swiss RE Ltd. acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Lloyd Advisory Services LLC. bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $30,000. Finally, Gables Capital Management Inc. bought a new position in Intercontinental Exchange in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE opened at $159.21 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a twelve month low of $121.79 and a twelve month high of $177.00. The stock has a market capitalization of $89.38 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.56 and a beta of 0.93. The company has a 50 day moving average of $146.01 and a 200-day moving average of $151.40.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the firm posted $1.81 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ICE. Piper Sandler lowered their price objective on shares of Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley cut their price objective on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $218.00 target price on shares of Intercontinental Exchange in a research note on Tuesday. The Goldman Sachs Group lowered their target price on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $178.00 price target on shares of Intercontinental Exchange in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.17.

Insider Transactions at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 4,271 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $151.20, for a total transaction of $645,775.20. Following the completion of the transaction, the chief technology officer directly owned 67,988 shares in the company, valued at $10,279,785.60. This represents a 5.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Warren Gardiner sold 2,491 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $156.30, for a total value of $389,343.30. Following the completion of the transaction, the chief financial officer owned 22,698 shares of the company’s stock, valued at $3,547,697.40. The trade was a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 23,141 shares of company stock worth $3,554,192. 0.84% of the stock is owned by insiders.

Intercontinental Exchange 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.