Wedbush Securities Inc. Acquires 131 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Wedbush Securities Inc. lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,213 shares of the financial services provider’s stock after purchasing an additional 131 shares during the period. Wedbush Securities Inc.’s holdings in Intercontinental Exchange were worth $714,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Annapolis Financial Services LLC grew its holdings in shares of Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. New Millennium Group LLC bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange in the 2nd quarter worth $25,000. Redmont Wealth Advisors LLC bought a new stake in Intercontinental Exchange in the 1st quarter worth $26,000. Finally, Scarborough Advisors LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth $25,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ICE shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Citigroup raised their price target on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Barclays raised their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, Argus reissued a “buy” rating and issued a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.93.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the sale, the general counsel now directly owns 46,815 shares in the company, valued at $6,397,737.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The disclosure for this sale can be found here. Insiders sold 67,096 shares of company stock worth $9,593,983 over the last three months. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Down 1.3 %

NYSE:ICE opened at $159.93 on Thursday. The firm has a market cap of $91.73 billion, a P/E ratio of 36.68, a P/E/G ratio of 2.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $163.71. The firm has a 50-day simple moving average of $153.39 and a two-hundred day simple moving average of $141.67.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. Intercontinental Exchange’s revenue was up 22.7% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. Analysts predict that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

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.