Daymark Wealth Partners LLC Has $2.99 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Daymark Wealth Partners LLC increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 69.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,077 shares of the financial services provider’s stock after purchasing an additional 8,239 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Intercontinental Exchange were worth $2,992,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC lifted its holdings in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares during the period. Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange during the third quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its stake in Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 87 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at $29,000. Finally, FSA Wealth Management LLC bought a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $31,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ICE. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research note on Monday, October 14th. JPMorgan Chase & Co. reduced their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Bank of America upped their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods cut their target price on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Activity

In other news, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now directly owns 156,163 shares of the company’s stock, valued at $24,986,080. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 1.6 %

Shares of ICE opened at $154.11 on Thursday. The company has a market capitalization of $88.48 billion, a PE ratio of 36.52, a PEG ratio of 2.85 and a beta of 1.10. The stock’s 50-day moving average price is $152.96 and its two-hundred day moving average price is $155.86. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. On average, analysts anticipate that Intercontinental Exchange, Inc. will post 6.05 EPS for the current year.

About Intercontinental Exchange

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.