GoalVest Advisory LLC Grows Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

GoalVest Advisory LLC grew its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 528.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 666 shares of the financial services provider’s stock after purchasing an additional 560 shares during the quarter. GoalVest Advisory LLC’s holdings in Intercontinental Exchange were worth $92,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ICE. Scarborough Advisors LLC purchased a new position in Intercontinental Exchange in the fourth quarter worth $25,000. Jones Financial Companies Lllp purchased a new stake in shares of Intercontinental Exchange during the third quarter valued at $26,000. Fortitude Family Office LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $28,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $28,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $29,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the sale, the director now owns 28,849 shares of the company’s stock, valued at approximately $3,882,209.93. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the sale, the director now directly owns 28,849 shares in the company, valued at approximately $3,882,209.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the sale, the general counsel now owns 48,713 shares in the company, valued at $6,417,450.62. The disclosure for this sale can be found here. Insiders sold a total of 60,996 shares of company stock valued at $8,361,411 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research analyst reports. Argus reissued a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, May 21st. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Keefe, Bruyette & Woods lowered their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Citigroup upped their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $148.29.

Intercontinental Exchange Stock Up 0.1 %

ICE opened at $137.47 on Friday. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $140.43. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $134.27 and a 200 day moving average price of $132.54. The company has a market cap of $78.85 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting analysts’ consensus estimates of $1.48. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. Intercontinental Exchange’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current fiscal year.

Intercontinental Exchange Company 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.