Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 34.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 727 shares of the financial services provider’s stock after purchasing an additional 186 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Intercontinental Exchange were worth $100,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Intercontinental Exchange by 219.8% during the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after acquiring an additional 8,348,126 shares during the period. Norges Bank acquired a new position in Intercontinental Exchange during the fourth quarter worth $839,259,000. Capital World Investors raised its position in shares of Intercontinental Exchange by 35.6% in the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock valued at $1,238,559,000 after buying an additional 2,530,119 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Intercontinental Exchange by 303.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider’s stock valued at $305,832,000 after buying an additional 1,790,493 shares during the last quarter. Finally, Parnassus Investments LLC raised its position in shares of Intercontinental Exchange by 23.8% in the fourth quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock valued at $1,082,646,000 after buying an additional 1,621,737 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of recent research reports. Bank of America reduced their target price on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, April 19th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Citigroup upped their price objective on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.29.

Insiders Place Their Bets

In related news, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were bought at an average price of $0.87 per share, with a total value of $305,265.60. Following the completion of the acquisition, the insider now owns 649,934 shares in the company, valued at $565,442.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares in the company, valued at approximately $6,417,450.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was purchased at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the transaction, the insider now owns 649,934 shares in the company, valued at $565,442.58. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 62,894 shares of company stock valued at $8,620,792. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Up 0.0 %

Shares of NYSE ICE traded up $0.04 during midday trading on Monday, hitting $136.93. The company’s stock had a trading volume of 2,348,929 shares, compared to its average volume of 2,348,960. The business’s fifty day simple moving average is $134.52 and its two-hundred day simple moving average is $132.90. The firm has a market capitalization of $78.54 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $140.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting the consensus estimate of $1.48. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 earnings per share. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

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.