D.A. Davidson & CO. Acquires 1,991 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

D.A. Davidson & CO. lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,328 shares of the financial services provider’s stock after acquiring an additional 1,991 shares during the period. D.A. Davidson & CO.’s holdings in Intercontinental Exchange were worth $3,253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ICE. Jones Financial Companies Lllp purchased a new stake in Intercontinental Exchange in the 3rd quarter worth about $26,000. Fortitude Family Office LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth about $28,000. Stuart Chaussee & Associates Inc. purchased a new stake in Intercontinental Exchange in the 4th quarter worth about $28,000. Altshuler Shaham Ltd purchased a new stake in Intercontinental Exchange in the 4th quarter worth about $29,000. Finally, Sachetta LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth about $29,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE ICE opened at $135.40 on Friday. The company has a market cap of $77.66 billion, a PE ratio of 31.06, a P/E/G ratio of 2.55 and a beta of 1.02. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day moving average price is $134.24 and its 200-day moving average price is $128.49.

Intercontinental Exchange (NYSE:ICE) last announced 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 company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. Intercontinental Exchange’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the firm earned $1.41 earnings per share. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 5.95 EPS for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the purchase, the insider now directly owns 7,476,345 shares in the company, valued at $6,504,420.15. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the purchase, the insider now owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The disclosure for this sale can be found here. Insiders sold a total of 61,467 shares of company stock worth $8,433,168 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research reports. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. UBS Group raised their target price on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Keefe, Bruyette & Woods reduced their target price on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Barclays reduced their target price on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.29.

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.