Accent Capital Management LLC Purchases New Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Accent Capital Management LLC acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,649 shares of the financial services provider’s stock, valued at approximately $726,000.

Other hedge funds have also recently bought and sold shares of the company. Pettyjohn Wood & White Inc. increased its position in Intercontinental Exchange by 0.5% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock worth $2,031,000 after purchasing an additional 75 shares during the period. Western Pacific Wealth Management LP boosted its stake in shares of Intercontinental Exchange by 4.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 80 shares during the last quarter. Kampmann Melissa S. grew its position in shares of Intercontinental Exchange by 0.3% during the 4th quarter. Kampmann Melissa S. now owns 26,175 shares of the financial services provider’s stock worth $3,362,000 after buying an additional 85 shares during the period. Assetmark Inc. raised its stake in shares of Intercontinental Exchange by 0.8% during the fourth quarter. Assetmark Inc. now owns 10,224 shares of the financial services provider’s stock worth $1,313,000 after buying an additional 86 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp lifted its holdings in Intercontinental Exchange by 4.2% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 2,230 shares of the financial services provider’s stock valued at $286,000 after buying an additional 90 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup raised their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods lowered their target price on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Argus reissued a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Finally, Barclays decreased their price target on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $148.29.

View Our Latest Analysis on Intercontinental Exchange

Intercontinental Exchange Trading Up 0.4 %

NYSE ICE traded up $0.53 during trading hours on Monday, hitting $136.20. 1,820,355 shares of the company’s stock were exchanged, compared to its average volume of 2,305,936. The firm has a market cap of $78.12 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 2.53 and a beta of 1.06. The stock has a 50-day simple moving average of $133.57 and a 200 day simple moving average of $131.51. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $140.43.

Intercontinental Exchange (NYSE:ICEGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm posted $1.41 EPS. Intercontinental Exchange’s revenue was up 20.8% compared to the same quarter last year. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc purchased 350,880 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was bought at an average cost of $0.87 per share, with a total value of $305,265.60. Following the completion of the transaction, the insider now owns 649,934 shares of the company’s stock, valued at approximately $565,442.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the completion of the transaction, the director now owns 28,849 shares in the company, valued at $3,882,209.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were bought at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the transaction, the insider now owns 649,934 shares of the company’s stock, valued at $565,442.58. The disclosure for this purchase can be found here. Insiders have sold 63,234 shares of company stock valued at $8,668,823 in the last three months. 1.10% of the stock is currently owned by insiders.

About Intercontinental Exchange

(Free Report)

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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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