Fjell Capital LLC Acquires 119 Shares of Intercontinental Exchange Inc. $ICE

Fjell Capital LLC lifted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 2.0% during the second quarter, HoldingsChannel reports. The firm owned 6,016 shares of the financial services provider’s stock after acquiring an additional 119 shares during the quarter. Fjell Capital LLC’s holdings in Intercontinental Exchange were worth $1,104,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC raised its stake in shares of Intercontinental Exchange by 187.3% in the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 103 shares during the period. Activest Wealth Management boosted its position in Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 162 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 143 shares in the last quarter. REAP Financial Group LLC grew its position in shares of Intercontinental Exchange by 116.7% in the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Intercontinental Exchange in the 1st quarter valued at about $30,000. 89.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction on Friday, September 12th. The shares were sold at an average price of $175.62, for a total transaction 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. This trade represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $183.09, for a total transaction of $27,463,500.00. Following the transaction, the chief executive officer directly owned 1,951,705 shares of the company’s stock, valued at $357,337,668.45. This represents a 7.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 230,730 shares of company stock valued at $42,171,892 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Trading Down 0.5%

Shares of ICE stock opened at $171.36 on Wednesday. The stock has a 50-day moving average of $180.21 and a 200-day moving average of $174.99. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35. The stock has a market cap of $98.09 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.05 and a beta of 1.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.77 by $0.04. The business had revenue of $3.26 billion for 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%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. On average, equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ICE. UBS Group boosted their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Piper Sandler increased their target price on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Finally, Barclays raised 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. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.92.

Intercontinental Exchange 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.