Value Partners Investments Inc. Sells 894 Shares of Intercontinental Exchange Inc. $ICE

Value Partners Investments Inc. reduced its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,742 shares of the financial services provider’s stock after selling 894 shares during the quarter. Value Partners Investments Inc.’s holdings in Intercontinental Exchange were worth $2,151,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ICE. Tsfg LLC grew its position in Intercontinental Exchange by 187.3% during the first quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after buying an additional 103 shares during the period. Activest Wealth Management raised its position in Intercontinental Exchange by 4,050.0% in the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 162 shares during the period. Rakuten Securities Inc. boosted its stake in shares of Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 143 shares during the last quarter. REAP Financial Group LLC grew its position in shares of Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Intercontinental Exchange in the 1st quarter worth $30,000. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,900 shares of Intercontinental Exchange stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total value of $506,079.00. Following the sale, the director directly owned 18,169 shares in the company, valued at approximately $3,170,672.19. The trade was a 13.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 3,850 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $178.33, for a total transaction of $686,570.50. Following the completion of the sale, the general counsel owned 46,293 shares in the company, valued at approximately $8,255,430.69. The trade was a 7.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 230,730 shares of company stock valued at $42,171,892. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock opened at $174.02 on Friday. The company has a market capitalization of $99.61 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.10 and a beta of 1.10. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $180.62 and its 200-day simple moving average is $174.99. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.04. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $1.52 earnings per share. As a group, analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on ICE shares. UBS Group lifted their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Piper Sandler lifted their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Finally, Barclays boosted their price objective on Intercontinental Exchange from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $194.92.

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.