Handelsbanken Fonder AB Purchases 24,414 Shares of Intercontinental Exchange Inc. $ICE

Handelsbanken Fonder AB increased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 11.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 240,693 shares of the financial services provider’s stock after purchasing an additional 24,414 shares during the period. Handelsbanken Fonder AB’s holdings in Intercontinental Exchange were worth $38,983,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. ICONIQ Capital LLC raised its holdings in Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 56 shares during the last quarter. Mechanics Financial Corp raised its holdings in Intercontinental Exchange by 1.0% in the 4th quarter. Mechanics Financial Corp now owns 6,138 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 60 shares during the last quarter. Mission Wealth Management LP raised its holdings in Intercontinental Exchange by 2.4% in the 4th quarter. Mission Wealth Management LP now owns 2,611 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 62 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in Intercontinental Exchange by 1.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,384 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 63 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Intercontinental Exchange by 1.5% in the 4th quarter. Evergreen Capital Management LLC now owns 4,207 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 63 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $154.00, for a total value of $383,460.00. Following the completion of the sale, the chief financial officer owned 27,679 shares of the company’s stock, valued at approximately $4,262,566. The trade was a 8.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 3,865 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $153.73, for a total transaction of $594,166.45. Following the sale, the president directly owned 165,304 shares of the company’s stock, valued at approximately $25,412,183.92. The trade was a 2.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,956 shares of company stock worth $6,190,895 in the last 90 days. Insiders own 0.84% of the company’s stock.

Intercontinental Exchange Trading Down 1.2%

NYSE:ICE opened at $154.18 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company has a market cap of $87.19 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.44 and a beta of 0.96. The company has a 50 day simple moving average of $158.87 and a two-hundred day simple moving average of $159.96.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. Research analysts forecast that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ICE shares. Weiss Ratings lowered shares of Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a report on Friday, March 6th. Piper Sandler restated an “overweight” rating and issued a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Finally, Barclays restated an “overweight” rating and issued a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $194.10.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.