Mad River Investors Sells 100 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Mad River Investors decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 7,700 shares of the financial services provider’s stock after selling 100 shares during the period. Intercontinental Exchange comprises 0.7% of Mad River Investors’ portfolio, making the stock its 19th biggest position. Mad River Investors’ holdings in Intercontinental Exchange were worth $1,058,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Pettyjohn Wood & White Inc. grew its position in Intercontinental Exchange by 0.5% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 75 shares in the last quarter. Western Pacific Wealth Management LP boosted its position in Intercontinental Exchange by 4.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 80 shares during the last quarter. Kampmann Melissa S. grew its stake in Intercontinental Exchange by 0.3% in the fourth quarter. Kampmann Melissa S. now owns 26,175 shares of the financial services provider’s stock valued at $3,362,000 after purchasing an additional 85 shares in the last quarter. Assetmark Inc. raised its stake in shares of Intercontinental Exchange by 0.8% during the 4th quarter. Assetmark Inc. now owns 10,224 shares of the financial services provider’s stock worth $1,313,000 after purchasing an additional 86 shares in the last quarter. Finally, Marcum Wealth LLC boosted its holdings in shares of Intercontinental Exchange by 3.2% in the 1st quarter. Marcum Wealth LLC now owns 2,802 shares of the financial services provider’s stock valued at $385,000 after buying an additional 87 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded up $0.34 during trading on Thursday, reaching $141.16. The company’s stock had a trading volume of 2,070,106 shares, compared to its average volume of 2,469,574. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $141.59. The firm has a market cap of $80.97 billion, a PE ratio of 32.38, a P/E/G ratio of 2.62 and a beta of 1.06. The business’s 50-day moving average price is $134.96 and its 200-day moving average price is $133.18. 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 posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. Equities analysts forecast that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current year.

Analysts Set New Price Targets

ICE has been the topic of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Morgan Stanley lifted their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price objective for the company from $143.00 to $167.00 in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Two equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.29.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the transaction, the general counsel now owns 46,815 shares in the company, valued at approximately $6,397,737.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Insiders have sold 4,506 shares of company stock valued at $609,374 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.