Hahn Capital Management LLC Has $11.13 Million Holdings in Intercontinental Exchange Inc. $ICE

Hahn Capital Management LLC lessened its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,507 shares of the financial services provider’s stock after selling 6,627 shares during the quarter. Intercontinental Exchange makes up approximately 5.4% of Hahn Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Hahn Capital Management LLC’s holdings in Intercontinental Exchange were worth $11,127,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ICE. Inspire Investing LLC raised its position in shares of Intercontinental Exchange by 17.7% in the first quarter. Inspire Investing LLC now owns 2,663 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 400 shares during the period. Strs Ohio acquired a new position in Intercontinental Exchange in the 1st quarter valued at $35,308,000. Jacobi Capital Management LLC lifted its position in Intercontinental Exchange by 1.0% during the 1st quarter. Jacobi Capital Management LLC now owns 13,420 shares of the financial services provider’s stock worth $2,315,000 after acquiring an additional 132 shares during the last quarter. Advisors Capital Management LLC boosted its holdings in Intercontinental Exchange by 25.0% during the first quarter. Advisors Capital Management LLC now owns 1,978 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 396 shares during the period. Finally, McAdam LLC grew its position in shares of Intercontinental Exchange by 6.4% in the first quarter. McAdam LLC now owns 1,690 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 102 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the transaction, the director directly owned 18,169 shares in the company, valued at approximately $3,170,672.19. This represents a 13.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Duriya M. Farooqui sold 2,036 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold 229,130 shares of company stock worth $41,890,900 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ICE. Barclays lifted their price target on Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. UBS Group boosted their target price on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Piper Sandler increased their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $194.92.

Intercontinental Exchange Trading Up 2.3%

Shares of Intercontinental Exchange stock opened at $176.12 on Friday. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $189.35. The firm has a market capitalization of $100.81 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company’s fifty day moving average price is $180.80 and its two-hundred day moving average price is $174.95.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.77 by $0.04. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $1.52 EPS. Intercontinental Exchange’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current 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.