MTM Investment Management LLC Has $860,000 Holdings in Intercontinental Exchange Inc. $ICE

MTM Investment Management LLC boosted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,688 shares of the financial services provider’s stock after buying an additional 357 shares during the quarter. MTM Investment Management LLC’s holdings in Intercontinental Exchange were worth $860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 1,169 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Intercontinental Exchange during the 1st quarter worth approximately $455,000. Larson Financial Group LLC raised its holdings in shares of Intercontinental Exchange by 200.4% during the 1st quarter. Larson Financial Group LLC now owns 1,472 shares of the financial services provider’s stock worth $254,000 after buying an additional 982 shares in the last quarter. Creekmur Asset Management LLC lifted its position in shares of Intercontinental Exchange by 148,100.0% during the 1st quarter. Creekmur Asset Management LLC now owns 1,482 shares of the financial services provider’s stock worth $256,000 after buying an additional 1,481 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of Intercontinental Exchange in the first quarter worth about $300,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Mayur Kapani sold 10,082 shares of Intercontinental Exchange stock in a transaction 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 completion of the sale, the chief technology officer owned 65,240 shares of the company’s stock, valued at approximately $10,365,331.20. This trade represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Duriya M. Farooqui sold 2,036 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $178.34, for a total value of $363,100.24. Following the transaction, the director directly owned 14,299 shares of the company’s stock, valued at $2,550,083.66. The trade was a 12.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,668 shares of company stock worth $4,304,167 over the last quarter. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $152.00 on Friday. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year 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. The firm has a 50-day moving average of $160.17 and a 200-day moving average of $172.71. The company has a market cap of $86.67 billion, a P/E ratio of 29.17, a P/E/G ratio of 2.11 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ICE shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target 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. Barclays set a $183.00 price objective on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, October 31st. TD Cowen decreased their target price on shares of Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, UBS Group dropped their price objective on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. One investment 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 stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Buy” and an average price target of $194.70.

About Intercontinental Exchange

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.