Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 15.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,100 shares of the financial services provider’s stock after buying an additional 16,100 shares during the quarter. Forsta AP Fonden’s holdings in Intercontinental Exchange were worth $18,972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC boosted its holdings in Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange in the third quarter valued at approximately $26,000. Fairscale Capital LLC acquired a new position in Intercontinental Exchange in the second quarter valued at approximately $25,000. Annapolis Financial Services LLC boosted its holdings in Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 163 shares in the last quarter. Finally, New Millennium Group LLC acquired a new position in Intercontinental Exchange in the second quarter valued at approximately $25,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Down 1.0 %

Shares of ICE stock opened at $165.31 on Friday. The business’s fifty day moving average price is $161.61 and its 200 day moving average price is $147.28. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $167.64. The firm has a market capitalization of $94.91 billion, a PE ratio of 40.92, a P/E/G ratio of 2.50 and a beta of 1.08. 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 data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. Intercontinental Exchange’s quarterly revenue was up 22.7% on a year-over-year basis. As a group, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ICE shares. Piper Sandler boosted their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Bank of America boosted their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.93.

Insider Buying and Selling

In related news, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at $2,666,400. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at $2,666,400. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the transaction, the insider now directly owns 14,034 shares in the company, valued at $2,284,875.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock valued at $1,202,259 over the last quarter. Company 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.