Intercontinental Exchange, Inc. (NYSE:ICE) Stock Position Boosted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 996,450 shares of the financial services provider’s stock after acquiring an additional 19,699 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Intercontinental Exchange were worth $136,404,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ICE. Raymond James & Associates boosted its holdings in shares of Intercontinental Exchange by 1.3% in the second quarter. Raymond James & Associates now owns 2,282,461 shares of the financial services provider’s stock worth $312,446,000 after buying an additional 29,293 shares during the period. Marietta Wealth Management LLC boosted its holdings in shares of Intercontinental Exchange by 3.6% in the second quarter. Marietta Wealth Management LLC now owns 7,614 shares of the financial services provider’s stock worth $1,042,000 after buying an additional 264 shares during the period. Boomfish Wealth Group LLC boosted its holdings in shares of Intercontinental Exchange by 13.4% in the second quarter. Boomfish Wealth Group LLC now owns 18,129 shares of the financial services provider’s stock worth $2,482,000 after buying an additional 2,136 shares during the period. OFI Invest Asset Management boosted its holdings in shares of Intercontinental Exchange by 4,899.6% in the second quarter. OFI Invest Asset Management now owns 11,849 shares of the financial services provider’s stock worth $1,513,000 after buying an additional 11,612 shares during the period. Finally, TCW Group Inc. lifted its position in shares of Intercontinental Exchange by 23.1% in the second quarter. TCW Group Inc. now owns 687,291 shares of the financial services provider’s stock worth $94,083,000 after purchasing an additional 129,183 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE stock traded up $0.73 during midday trading on Monday, hitting $157.27. 1,369,261 shares of the company traded hands, compared to its average volume of 2,473,167. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $157.49. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The business has a 50 day simple moving average of $145.44 and a 200-day simple moving average of $138.57. The stock has a market capitalization of $90.21 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 earnings per share. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of Intercontinental Exchange stock in a transaction on Monday, July 8th. The shares were sold at an average price of $141.13, for a total transaction of $55,746.35. Following the sale, the chief technology officer now owns 64,471 shares in the company, valued at $9,098,792.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of Intercontinental Exchange stock in a transaction on Monday, July 8th. The stock was sold at an average price of $141.13, for a total transaction of $55,746.35. Following the completion of the transaction, the chief technology officer now directly owns 64,471 shares of the company’s stock, valued at $9,098,792.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the transaction, the general counsel now directly owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,992 shares of company stock worth $9,197,801. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ICE. Argus reissued a “buy” rating and issued a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. JPMorgan Chase & Co. increased their price target 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. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Rosenblatt Securities reissued a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a research report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.93.

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.