Intercontinental Exchange Inc. $ICE Shares Purchased by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 0.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,553 shares of the financial services provider’s stock after purchasing an additional 90 shares during the quarter. Intercontinental Exchange comprises approximately 3.1% of Brown Lisle Cummings Inc.’s portfolio, making the stock its 3rd biggest position. Brown Lisle Cummings Inc.’s holdings in Intercontinental Exchange were worth $11,660,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ICE. Brighton Jones LLC boosted its holdings in shares of Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,169 shares during the period. Jefferies Financial Group Inc. boosted its holdings in shares of Intercontinental Exchange by 5.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 2,459 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 128 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of Intercontinental Exchange by 13.1% in the first quarter. Central Pacific Bank Trust Division now owns 16,943 shares of the financial services provider’s stock valued at $2,923,000 after acquiring an additional 1,961 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Intercontinental Exchange by 27.5% in the first quarter. Versant Capital Management Inc now owns 760 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 164 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in shares of Intercontinental Exchange by 1.3% in the first quarter. Moody National Bank Trust Division now owns 9,649 shares of the financial services provider’s stock valued at $1,664,000 after acquiring an additional 124 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Duriya M. Farooqui sold 2,036 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $178.34, for a total value of $363,100.24. Following the completion of the transaction, the director owned 14,299 shares in the company, valued at approximately $2,550,083.66. This represents a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Douglas Foley sold 1,600 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $175.62, for a total value of $280,992.00. Following the completion of the transaction, the senior vice president owned 25,796 shares of the company’s stock, valued at $4,530,293.52. The trade was a 5.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 231,669 shares of company stock valued at $42,333,438 in the last three months. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

ICE has been the subject of several research analyst reports. Piper Sandler increased their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Barclays upped their price target on Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. UBS Group upped their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $195.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $197.36.

Intercontinental Exchange Trading Up 0.2%

NYSE:ICE opened at $167.69 on Friday. The stock has a fifty day moving average price of $178.30 and a two-hundred day moving average price of $174.90. The stock has a market capitalization of $95.99 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 1.99 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data 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%.Intercontinental Exchange’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 earnings per share. As a group, sell-side analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Company 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.