Motley Fool Asset Management LLC Acquires 13,520 Shares of Intercontinental Exchange Inc. $ICE

Motley Fool Asset Management LLC increased its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 34.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,037 shares of the financial services provider’s stock after purchasing an additional 13,520 shares during the period. Motley Fool Asset Management LLC’s holdings in Intercontinental Exchange were worth $8,590,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Ares Financial Consulting LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth about $25,000. Dorato Capital Management bought a new stake in Intercontinental Exchange in the 4th quarter worth about $29,000. Steph & Co. increased its holdings in Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after buying an additional 89 shares in the last quarter. Holos Integrated Wealth LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Intercontinental Exchange in the 4th quarter worth about $30,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the subject of several research analyst reports. Weiss Ratings downgraded Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. UBS Group restated a “buy” rating and set a $205.00 price target on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. 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. Barclays restated an “overweight” rating and set a $201.00 price target (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Finally, Morgan Stanley boosted their price target on Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $194.60.

Intercontinental Exchange Trading Up 1.7%

Intercontinental Exchange stock opened at $141.48 on Wednesday. The business has a 50-day simple moving average of $155.27 and a two-hundred day simple moving average of $159.60. The company has a market cap of $80.01 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.33 and a beta of 0.92. Intercontinental Exchange Inc. has a 52-week low of $136.67 and a 52-week high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

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

Insider Buying and Selling

In related news, CFO Warren Gardiner sold 2,490 shares of the business’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 transaction of $390,033.60. Following the completion of the transaction, the chief financial officer directly owned 25,189 shares in the company, valued at approximately $3,945,604.96. The trade was a 9.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Mayur Kapani sold 4,271 shares of the business’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 transaction, the chief technology officer 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,001 shares of company stock valued at $1,847,820. Insiders own 0.84% of the company’s stock.

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.