Qsemble Capital Management LP Purchases 31,071 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Qsemble Capital Management LP boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 545.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 36,769 shares of the financial services provider’s stock after purchasing an additional 31,071 shares during the period. Intercontinental Exchange accounts for approximately 1.1% of Qsemble Capital Management LP’s portfolio, making the stock its 2nd biggest position. Qsemble Capital Management LP’s holdings in Intercontinental Exchange were worth $5,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. raised its position in shares of Intercontinental Exchange by 13.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 62 shares during the period. Raleigh Capital Management Inc. boosted its holdings in Intercontinental Exchange by 26.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 63 shares during the last quarter. Integrated Advisors Network LLC increased its holdings in shares of Intercontinental Exchange by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after buying an additional 66 shares during the last quarter. American National Bank raised its position in shares of Intercontinental Exchange by 13.8% during the 2nd quarter. American National Bank now owns 569 shares of the financial services provider’s stock valued at $78,000 after buying an additional 69 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its holdings in Intercontinental Exchange by 6.2% in the third quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of several research analyst reports. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Bank of America lifted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. The Goldman Sachs Group upped their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Piper Sandler boosted their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Barclays lowered their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded down $0.18 during midday trading on Monday, reaching $159.11. The company’s stock had a trading volume of 152,897 shares, compared to its average volume of 2,561,089. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a fifty-two week low of $111.82 and a fifty-two week high of $167.99. The firm has a market capitalization of $91.36 billion, a PE ratio of 37.75, a P/E/G ratio of 2.63 and a beta of 1.08. The stock’s 50 day simple moving average is $160.64 and its 200 day simple moving average is $151.16.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 earnings per share. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Activity

In related news, Director Judith A. Sprieser sold 1,941 shares of Intercontinental Exchange stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $160.69, for a total transaction of $311,899.29. Following the completion of the sale, the director now owns 26,908 shares in the company, valued at approximately $4,323,846.52. This trade represents a 6.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 completion of the transaction, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,809 shares of company stock worth $933,978 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

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.