Intercontinental Exchange Inc. $ICE Stock Holdings Lifted by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,185 shares of the financial services provider’s stock after purchasing an additional 5,903 shares during the quarter. Crawford Investment Counsel Inc. owned approximately 0.06% of Intercontinental Exchange worth $53,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Kemnay Advisory Services Inc. bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $37,000. Captrust Financial Advisors boosted its stake in shares of Intercontinental Exchange by 9.3% during the 4th quarter. Captrust Financial Advisors now owns 100,208 shares of the financial services provider’s stock worth $16,230,000 after acquiring an additional 8,498 shares in the last quarter. &PARTNERS boosted its stake in shares of Intercontinental Exchange by 2.5% during the 4th quarter. &PARTNERS now owns 43,284 shares of the financial services provider’s stock worth $7,007,000 after acquiring an additional 1,049 shares in the last quarter. Fullerton Fund Management Co Ltd. boosted its stake in shares of Intercontinental Exchange by 13.4% during the 4th quarter. Fullerton Fund Management Co Ltd. now owns 4,975 shares of the financial services provider’s stock worth $806,000 after acquiring an additional 586 shares in the last quarter. Finally, Bain Capital Public Equity LP bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $1,038,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.6%

Shares of Intercontinental Exchange stock opened at $140.95 on Wednesday. The company’s fifty day simple moving average is $153.32 and its 200-day simple moving average is $159.10. The company has a market cap of $79.71 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.34 and a beta of 0.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 1 year low of $136.67 and a 1 year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.72 EPS. As a group, sell-side analysts expect that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on ICE shares. Morgan Stanley upped their price target on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. Piper Sandler reiterated an “overweight” rating and set a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a research note on Wednesday, April 15th. Rothschild & Co Redburn set a $177.00 price target on Intercontinental Exchange in a research note on Thursday, June 11th. Weiss Ratings downgraded Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total value of $390,033.60. Following the completion of the transaction, the chief financial officer owned 25,189 shares of the company’s stock, valued at $3,945,604.96. This represents a 9.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Mayur Kapani sold 4,271 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $155.42, for a total value of $663,798.82. Following the completion of the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at approximately $10,081,939.98. This trade represents a 6.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,425 shares of company stock worth $2,046,324. 0.84% of the stock is currently owned by company insiders.

Intercontinental Exchange Company Profile

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.