Tiff Advisory Services LLC Acquires 340 Shares of Intercontinental Exchange Inc. $ICE

Tiff Advisory Services LLC lifted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 2.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,643 shares of the financial services provider’s stock after purchasing an additional 340 shares during the quarter. Intercontinental Exchange accounts for approximately 0.8% of Tiff Advisory Services LLC’s investment portfolio, making the stock its 15th largest holding. Tiff Advisory Services LLC’s holdings in Intercontinental Exchange were worth $3,237,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Princeton Global Asset Management LLC acquired a new position in Intercontinental Exchange in the 2nd quarter valued at $28,000. Westside Investment Management Inc. acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth $29,000. Activest Wealth Management increased its position in shares of Intercontinental Exchange by 4,050.0% in the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 162 shares during the period. Hilltop National Bank acquired a new position in Intercontinental Exchange in the second quarter valued at about $31,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Intercontinental Exchange during the first quarter worth about $30,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on ICE shares. Barclays set a $183.00 target price on shares of Intercontinental Exchange and gave the company an “overweight” rating in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. UBS Group reduced their target price on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, TD Cowen lowered their price target on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating for the company in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $194.70.

Insiders Place Their Bets

In other news, Director Duriya M. Farooqui sold 2,036 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,550,083.66. This represents a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Mayur Kapani sold 10,082 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $158.88, for a total transaction of $1,601,828.16. Following the sale, the chief technology officer owned 65,240 shares in the company, valued at approximately $10,365,331.20. This represents a 13.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 25,668 shares of company stock worth $4,304,167. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $152.61 on Friday. The company’s 50 day moving average price is $160.62 and its two-hundred day moving average price is $172.75. The firm has a market capitalization of $87.01 billion, a P/E ratio of 29.29, a P/E/G ratio of 2.11 and a beta of 1.06. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.71. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the business earned $1.55 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

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.