20,500 Shares in Intercontinental Exchange Inc. $ICE Bought by MYDA Advisors LLC

MYDA Advisors LLC acquired a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 20,500 shares of the financial services provider’s stock, valued at approximately $3,320,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Ares Financial Consulting LLC acquired a new position in Intercontinental Exchange during the fourth quarter worth $25,000. Holos Integrated Wealth LLC acquired a new position in Intercontinental Exchange during the fourth quarter worth $28,000. Steph & Co. grew its holdings in Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 89 shares during the period. Swiss RE Ltd. purchased a new stake in Intercontinental Exchange during the fourth quarter worth $28,000. Finally, Dorato Capital Management purchased a new stake in Intercontinental Exchange during the fourth quarter worth $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.2%

ICE opened at $140.26 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $136.67 and a one year high of $189.35. The business’s fifty day moving average is $154.22 and its two-hundred day moving average is $159.32. The company has a market cap of $79.32 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.35 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the business earned $1.72 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. Analysts anticipate that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Sharon Bowen sold 667 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total value of $100,903.76. Following the sale, the director directly owned 15,077 shares in the company, valued at $2,280,848.56. This represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 4,573 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $151.56, for a total value of $693,083.88. Following the completion of the sale, the general counsel owned 45,473 shares in the company, valued at $6,891,887.88. This represents a 9.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,092 shares of company stock valued at $1,860,424 over the last three months. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays reiterated an “overweight” rating and set a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research report on Friday, March 6th. Morgan Stanley boosted their target price on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Piper Sandler reiterated an “overweight” rating and set a $211.00 target price (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. Finally, UBS Group reiterated a “buy” rating and set a $205.00 target price on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

About Intercontinental Exchange

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.