LRI Investments LLC Increases Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

LRI Investments LLC raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 182.2% during the second quarter, Holdings Channel reports. The firm owned 1,033 shares of the financial services provider’s stock after buying an additional 667 shares during the quarter. LRI Investments LLC’s holdings in Intercontinental Exchange were worth $141,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Scarborough Advisors LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $25,000. Annapolis Financial Services LLC lifted its holdings in Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after buying an additional 163 shares during the period. Redmont Wealth Advisors LLC bought a new stake in Intercontinental Exchange during the 1st quarter valued at approximately $26,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Intercontinental Exchange by 82.3% during the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 93 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ICE. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, August 15th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday. Argus reissued a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Finally, The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their target price for the company from $143.00 to $167.00 in a report on Monday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $154.93.

Intercontinental Exchange Stock Up 0.9 %

ICE traded up $1.41 during trading on Friday, hitting $160.01. 2,665,237 shares of the company’s stock traded hands, compared to its average volume of 2,468,567. The stock has a market capitalization of $91.78 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 2.68 and a beta of 1.06. The company’s 50 day simple moving average is $147.29 and its two-hundred day simple moving average is $139.28. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $160.25. The company has a current ratio of 0.99, a quick ratio of 1.01 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data 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. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the firm posted $1.43 earnings per share. Intercontinental Exchange’s revenue was up 22.7% compared to the same quarter last year. Analysts predict that Intercontinental Exchange, Inc. will post 6 earnings per share for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the sale, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at approximately $2,675,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Christopher Scott Edmonds sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total value of $148,600.00. Following the completion of the sale, the insider now directly owns 14,636 shares in the company, valued at approximately $2,174,909.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the transaction, the chief accounting officer now owns 17,836 shares in the company, valued at $2,675,400. The disclosure for this sale can be found here. Insiders have sold a total of 64,992 shares of company stock worth $9,197,801 over the last quarter. Company insiders own 1.10% of the company’s stock.

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.