Graypoint LLC Has $1.02 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Graypoint LLC cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,818 shares of the financial services provider’s stock after selling 71 shares during the quarter. Graypoint LLC’s holdings in Intercontinental Exchange were worth $1,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ICE. Acadian Asset Management LLC increased its stake in shares of Intercontinental Exchange by 2,785.9% in the second quarter. Acadian Asset Management LLC now owns 15,728 shares of the financial services provider’s stock valued at $2,150,000 after buying an additional 15,183 shares in the last quarter. MGO One Seven LLC increased its stake in shares of Intercontinental Exchange by 41.1% in the second quarter. MGO One Seven LLC now owns 11,259 shares of the financial services provider’s stock valued at $1,541,000 after buying an additional 3,277 shares in the last quarter. LPL Financial LLC increased its stake in shares of Intercontinental Exchange by 4.1% in the second quarter. LPL Financial LLC now owns 379,199 shares of the financial services provider’s stock valued at $51,909,000 after buying an additional 14,793 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at $780,000. Finally, Y.D. More Investments Ltd acquired a new stake in Intercontinental Exchange in the second quarter worth about $39,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 955 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,533 shares of company stock worth $1,196,279. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ICE. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Bank of America lifted their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Piper Sandler boosted their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.07.

Intercontinental Exchange Trading Down 2.6 %

NYSE:ICE opened at $142.73 on Friday. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $81.95 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The business’s 50-day simple moving average is $154.09 and its 200-day simple moving average is $155.18.

Intercontinental Exchange (NYSE:ICE) last released 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. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal 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.