Quantbot Technologies LP Purchases New Shares in Intercontinental Exchange, Inc. (NYSE:ICE)

Quantbot Technologies LP purchased a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 18,116 shares of the financial services provider’s stock, valued at approximately $2,490,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Annapolis Financial Services LLC raised its holdings in shares of 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 during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Intercontinental Exchange in the first quarter worth $26,000. Scarborough Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $25,000. Venturi Wealth Management LLC grew its position in Intercontinental Exchange by 82.3% in the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 93 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new position in Intercontinental Exchange in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the sale, the general counsel now owns 48,713 shares of the company’s stock, valued at $6,417,450.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the transaction, the general counsel now owns 48,713 shares in the company, valued at $6,417,450.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the transaction, the chief executive officer now directly owns 1,179,993 shares in the company, valued at approximately $167,181,408.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,290 shares of company stock valued at $8,937,674. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 0.8 %

ICE traded up $1.25 on Friday, hitting $148.40. 3,713,414 shares of the company were exchanged, compared to its average volume of 2,373,830. The firm has a 50-day moving average price of $136.54 and a two-hundred day moving average price of $133.90. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a market cap of $85.12 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $149.44.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 earnings per share. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.

Analyst Ratings Changes

ICE has been the topic of a number of recent research reports. Barclays increased their price target on shares of Intercontinental Exchange from $150.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America lowered their target price on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Morgan Stanley upped their target price on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.07.

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.