Modera Wealth Management LLC Sells 3,421 Shares of Intercontinental Exchange Inc. $ICE

Modera Wealth Management LLC decreased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,720 shares of the financial services provider’s stock after selling 3,421 shares during the period. Modera Wealth Management LLC’s holdings in Intercontinental Exchange were worth $8,377,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ICE. Brighton Jones LLC boosted its holdings in 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 last quarter. Empowered Funds LLC boosted its holdings in Intercontinental Exchange by 9.0% in the first quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock valued at $2,483,000 after acquiring an additional 1,189 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Intercontinental Exchange by 16.2% in the second quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 289 shares during the last quarter. CW Advisors LLC boosted its holdings in Intercontinental Exchange by 25.7% in the second quarter. CW Advisors LLC now owns 2,078 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 425 shares during the last quarter. Finally, L2 Asset Management LLC boosted its holdings in Intercontinental Exchange by 6.0% in the second quarter. L2 Asset Management LLC now owns 2,575 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

ICE has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Barclays set a $193.00 price target on Intercontinental Exchange and gave the company an “overweight” rating in a report on Friday, February 6th. UBS Group reiterated a “buy” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Monday, February 9th. Raymond James Financial reiterated a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Finally, Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the company an “equal weight” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Buy” and an average target price of $191.20.

Intercontinental Exchange Price Performance

Shares of ICE opened at $166.18 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The stock has a market cap of $94.13 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03. The stock’s 50-day moving average price is $160.87 and its two-hundred day moving average price is $160.35.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the business earned $1.52 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. Intercontinental Exchange’s dividend payout ratio (DPR) is 36.05%.

Insider Activity

In other Intercontinental Exchange news, CTO Mayur Kapani sold 15,213 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total transaction of $2,358,319.26. Following the transaction, the chief technology officer owned 64,869 shares in the company, valued at approximately $10,055,992.38. This trade represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 11,303 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $153.82, for a total value of $1,738,627.46. Following the transaction, the insider owned 14,266 shares in the company, valued at approximately $2,194,396.12. This trade represents a 44.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 348,418 shares of company stock valued at $54,196,631. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Company 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.