Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by AlphaMark Advisors LLC

AlphaMark Advisors LLC boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 10,348 shares of the financial services provider’s stock after purchasing an additional 166 shares during the quarter. AlphaMark Advisors LLC’s holdings in Intercontinental Exchange were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Moody Lynn & Lieberson LLC lifted its stake in Intercontinental Exchange by 6.7% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 38,754 shares of the financial services provider’s stock valued at $5,775,000 after buying an additional 2,430 shares during the last quarter. Running Oak Capital LLC raised its position in shares of Intercontinental Exchange by 9.3% during the 4th quarter. Running Oak Capital LLC now owns 90,115 shares of the financial services provider’s stock worth $13,428,000 after buying an additional 7,672 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Intercontinental Exchange by 4.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 27,049 shares of the financial services provider’s stock worth $4,031,000 after buying an additional 1,121 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $24,810,000. Finally, Sound Income Strategies LLC raised its holdings in Intercontinental Exchange by 14.6% during the fourth quarter. Sound Income Strategies LLC now owns 1,074 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 137 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,795 shares of company stock worth $2,120,572 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ICE. Keefe, Bruyette & Woods cut their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Morgan Stanley lifted their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Barclays cut their price objective on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $175.27.

Intercontinental Exchange Price Performance

ICE opened at $157.52 on Friday. The stock has a fifty day moving average price of $152.98 and a 200 day moving average price of $155.98. 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 1 year low of $124.34 and a 1 year high of $167.99. The stock has a market cap of $90.45 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 2.95 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (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 during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company earned $1.46 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. Analysts forecast that Intercontinental Exchange, Inc. will post 6.05 EPS for the current fiscal year.

Intercontinental Exchange Company 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.