Mattson Financial Services LLC Takes Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mattson Financial Services LLC purchased a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,820 shares of the financial services provider’s stock, valued at approximately $1,207,000.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Asset Management Inc. bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $294,000. Campbell & CO Investment Adviser LLC boosted its holdings in Intercontinental Exchange by 9.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 4,707 shares of the financial services provider’s stock valued at $605,000 after purchasing an additional 421 shares during the period. Peapack Gladstone Financial Corp grew its position in shares of Intercontinental Exchange by 1.4% during the 4th quarter. Peapack Gladstone Financial Corp now owns 21,576 shares of the financial services provider’s stock worth $2,770,000 after purchasing an additional 293 shares in the last quarter. Edge Capital Group LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $295,000. Finally, Lake Street Advisors Group LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $442,000. 89.30% of the stock is currently owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 750 shares of the firm’s 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 transaction, the chief financial officer now owns 16,576 shares in the company, valued at approximately $2,675,863.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CTO Mayur Kapani sold 395 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the completion of the sale, the chief technology officer now directly owns 64,471 shares in the company, valued at $9,098,792.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,316 shares of company stock worth $9,835,609. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $160.91 on Thursday. The company’s 50 day moving average price is $157.64 and its two-hundred day moving average price is $144.03. The firm has a market capitalization of $92.30 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $163.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ICE. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price target for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. Barclays increased their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Citigroup increased their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $162.47.

Intercontinental Exchange 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.