Leelyn Smith LLC Has $4.19 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Leelyn Smith LLC lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,617 shares of the financial services provider’s stock after purchasing an additional 409 shares during the period. Leelyn Smith LLC’s holdings in Intercontinental Exchange were worth $4,191,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Thoroughbred Financial Services LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter worth $238,000. Parallel Advisors LLC raised its holdings in Intercontinental Exchange by 2.8% in the 2nd quarter. Parallel Advisors LLC now owns 6,016 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 164 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Intercontinental Exchange by 3.7% in the 2nd quarter. HBK Sorce Advisory LLC now owns 2,112 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 75 shares during the period. Federated Hermes Inc. increased its position in shares of Intercontinental Exchange by 6.4% during the second quarter. Federated Hermes Inc. now owns 208,078 shares of the financial services provider’s stock valued at $28,484,000 after purchasing an additional 12,526 shares during the period. Finally, GHP Investment Advisors Inc. raised its stake in shares of Intercontinental Exchange by 3.6% in the second quarter. GHP Investment Advisors Inc. now owns 33,120 shares of the financial services provider’s stock valued at $4,534,000 after purchasing an additional 1,161 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $161.36 on Friday. The firm has a fifty day moving average of $154.20 and a two-hundred day moving average of $141.97. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $92.55 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $163.71.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm earned $1.43 EPS. Intercontinental Exchange’s quarterly revenue was up 22.7% compared to the same quarter last year. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ICE. Citigroup boosted their price target on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. 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 research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.93.

Insiders Place Their Bets

In related news, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO James W. Namkung sold 1,043 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,836 shares in the company, valued at $2,675,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the sale, the chief financial officer now owns 16,576 shares in the company, valued at approximately $2,675,863.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,096 shares of company stock worth $9,593,983. Corporate insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

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.