Addison Capital Co Buys Shares of 1,387 Intercontinental Exchange, Inc. (NYSE:ICE)

Addison Capital Co bought a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,387 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other large investors have also recently made changes to their positions in ICE. Vanguard Group Inc. raised its stake in shares of Intercontinental Exchange by 7.5% during the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock worth $6,978,218,000 after acquiring an additional 3,536,913 shares in the last quarter. CCLA Investment Management increased its stake in shares of Intercontinental Exchange by 91,838.2% in the first quarter. CCLA Investment Management now owns 1,114,291 shares of the financial services provider’s stock worth $152,923,000 after buying an additional 1,113,079 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Intercontinental Exchange in the second quarter worth $124,508,000. Janus Henderson Group PLC increased its stake in shares of Intercontinental Exchange by 589.4% in the first quarter. Janus Henderson Group PLC now owns 804,507 shares of the financial services provider’s stock worth $110,559,000 after buying an additional 687,817 shares during the period. Finally, James Hambro & Partners purchased a new position in shares of Intercontinental Exchange in the second quarter worth $93,340,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $164.81 on Friday. The stock has a market cap of $94.53 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 2.62 and a beta of 1.08. The firm’s 50-day moving average is $160.30 and its 200 day moving average is $145.99. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $167.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. Intercontinental Exchange’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on ICE shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Citigroup boosted their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Bank of America boosted their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $172.80.

Insider Buying and Selling

In related news, CAO James W. Namkung sold 1,043 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the transaction, the chief accounting officer now owns 17,836 shares in the company, valued at $2,675,400. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $156,450.00. Following the transaction, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares in the company, valued at $7,159,108.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,532 shares of company stock worth $1,358,709 in the last quarter. Corporate 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.