2,879 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Purchased by Skopos Labs Inc.

Skopos Labs Inc. acquired a new position in Intercontinental Exchange, Inc. (NYSE:ICE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,879 shares of the financial services provider’s stock, valued at approximately $370,000.

A number of other hedge funds also recently added to or reduced their stakes in ICE. Jones Financial Companies Lllp purchased a new stake in Intercontinental Exchange in the third quarter worth about $26,000. Fortitude Family Office LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $28,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $29,000. Finally, Sachetta LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $29,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded up $0.94 during midday trading on Friday, reaching $136.34. 926,069 shares of the stock were exchanged, compared to its average volume of 2,117,377. The firm has a market cap of $78.20 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.52 and a beta of 1.02. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The firm has a 50-day simple moving average of $134.28 and a two-hundred day simple moving average of $128.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting analysts’ consensus estimates of $1.48. The business 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 business’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ICE. Piper Sandler increased their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Morgan Stanley increased their price target 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. JPMorgan Chase & Co. increased their price target on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Argus reaffirmed a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $148.29.

Insider Transactions at Intercontinental Exchange

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 sale, the general counsel now owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Intercontinental Exchange, Inc purchased 350,880 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average price of $0.87 per share, with a total value of $305,265.60. Following the purchase, the insider now owns 649,934 shares of the company’s stock, valued at $565,442.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s 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 completion of the transaction, the general counsel now owns 48,713 shares in the company, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Insiders have sold 61,467 shares of company stock valued at $8,433,168 in the last 90 days. 1.10% of the stock is currently owned by company 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.