Intercontinental Exchange, Inc. (NYSE:ICE) Stake Reduced by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,406 shares of the financial services provider’s stock after selling 293 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Intercontinental Exchange were worth $3,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Pettyjohn Wood & White Inc. grew its stake in shares of 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 worth $2,031,000 after purchasing an additional 75 shares in the last quarter. Busey Bank boosted its stake in Intercontinental Exchange by 3.4% during the first quarter. Busey Bank now owns 2,439 shares of the financial services provider’s stock valued at $335,000 after buying an additional 80 shares in the last quarter. Western Pacific Wealth Management LP boosted its stake 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 buying an additional 80 shares in the last quarter. M3 Advisory Group LLC boosted its stake in Intercontinental Exchange by 4.0% during the second quarter. M3 Advisory Group LLC now owns 2,093 shares of the financial services provider’s stock valued at $287,000 after buying an additional 81 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in Intercontinental Exchange by 16.4% during the first quarter. Spire Wealth Management now owns 582 shares of the financial services provider’s stock valued at $80,000 after buying an additional 82 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.2 %

Intercontinental Exchange stock traded up $0.36 during mid-day trading on Wednesday, hitting $158.11. The company’s stock had a trading volume of 1,915,300 shares, compared to its average volume of 2,468,585. The firm’s 50 day moving average is $146.34 and its 200 day moving average is $138.91. The company has a market cap of $90.69 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 1.01. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $158.46.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. The firm had revenue of $2.32 billion during 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 business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 EPS. On average, analysts anticipate that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Mayur Kapani sold 395 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the completion of the sale, the chief technology officer now directly owns 64,471 shares of the company’s stock, valued at approximately $9,098,792.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the transaction, the chief technology officer now directly owns 64,471 shares of the company’s stock, valued at approximately $9,098,792.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,267 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the transaction, the director now directly owns 28,849 shares in the company, valued at $3,882,209.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,992 shares of company stock valued at $9,197,801. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ICE shares. Barclays raised their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their target price for the company from $143.00 to $167.00 in a research note on Monday, July 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $164.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Argus reaffirmed a “buy” rating and set a $153.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.93.

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.