Coldstream Capital Management Inc. Raises Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Coldstream Capital Management Inc. lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 28.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,406 shares of the financial services provider’s stock after acquiring an additional 1,879 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Intercontinental Exchange were worth $1,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new position in shares of Intercontinental Exchange during the third quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new position in shares of Intercontinental Exchange in the 4th quarter worth $28,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth $28,000. Altshuler Shaham Ltd bought a new stake in Intercontinental Exchange during the fourth quarter valued at about $29,000. Finally, BKM Wealth Management LLC purchased a new position in Intercontinental Exchange in the fourth quarter valued at about $31,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ICE. Argus reissued a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday. Barclays lowered their target price on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. UBS Group lifted their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Citigroup increased their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $164.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.29.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $137.27 on Wednesday. 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’s 50 day moving average is $134.26 and its 200 day moving average is $128.39. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The company has a market cap of $78.74 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48. The business 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 in the prior year, the firm posted $1.41 EPS. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 5.95 EPS for the current year.

Insider Activity at Intercontinental Exchange

In related news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the purchase, the insider now directly owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction on Friday, April 26th. The stock was 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 of the company’s stock, valued at $6,417,450.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the acquisition, the insider now directly owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. Insiders sold a total of 61,467 shares of company stock worth $8,433,168 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.