Intercontinental Exchange Inc. $ICE Shares Sold by One Way Holdings LLC

One Way Holdings LLC cut its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 11.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 36,537 shares of the financial services provider’s stock after selling 4,907 shares during the period. One Way Holdings LLC’s holdings in Intercontinental Exchange were worth $5,555,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ICE. James T. Borello RIA lifted its holdings in Intercontinental Exchange by 143.0% in the third quarter. James T. Borello RIA now owns 209 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 123 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Intercontinental Exchange in the second quarter worth about $26,000. Gables Capital Management Inc. purchased a new stake in Intercontinental Exchange in the 2nd quarter worth approximately $31,000. William Mack & Associates Inc. bought a new stake in Intercontinental Exchange in the third quarter worth $40,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Intercontinental Exchange by 33.5% during the first quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock worth $42,000 after buying an additional 68 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

ICE opened at $168.64 on Monday. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $176.05. The business has a 50 day moving average of $157.56 and a 200-day moving average of $154.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. The stock has a market cap of $94.25 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.56 and a beta of 0.84.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the business posted $1.71 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts expect that Intercontinental Exchange Inc. will post 8.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ICE shares. Piper Sandler reaffirmed an “overweight” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, October 2nd. UBS Group restated a “buy” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. The Goldman Sachs Group boosted their price objective on Intercontinental Exchange from $192.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Morgan Stanley boosted their target price on Intercontinental Exchange from $163.00 to $173.00 and gave the company an “equal weight” rating in a research note on Friday, October 9th. Finally, Raymond James Financial reduced their price target on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating for the company in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $189.25.

Insiders Place Their Bets

In other news, CTO Mayur Kapani sold 4,271 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $151.20, for a total value of $645,775.20. Following the transaction, the chief technology officer owned 67,988 shares of the company’s stock, valued at approximately $10,279,785.60. This represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Benjamin Jackson sold 12,862 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $160.09, for a total value of $2,059,077.58. Following the transaction, the president owned 164,264 shares in the company, valued at approximately $26,297,023.76. This trade represents a 7.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,179 shares of company stock worth $6,473,715 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.