36,324 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,324 shares of the financial services provider’s stock, valued at approximately $5,835,000.

Several other hedge funds have also modified their holdings of the stock. E. Ohman J or Asset Management AB boosted its position in shares of Intercontinental Exchange by 3.4% in the third quarter. E. Ohman J or Asset Management AB now owns 287,609 shares of the financial services provider’s stock worth $46,202,000 after acquiring an additional 9,416 shares during the last quarter. West Michigan Advisors LLC purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $215,000. Nicholson Wealth Management Group LLC purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $705,000. Dakota Wealth Management raised its holdings in Intercontinental Exchange by 10.2% in the third quarter. Dakota Wealth Management now owns 4,978 shares of the financial services provider’s stock valued at $800,000 after buying an additional 459 shares during the period. Finally, DT Investment Partners LLC raised its holdings in Intercontinental Exchange by 30.1% in the third quarter. DT Investment Partners LLC now owns 813 shares of the financial services provider’s stock valued at $131,000 after buying an additional 188 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 1.1 %

Intercontinental Exchange stock opened at $166.89 on Friday. The company has a 50-day simple moving average of $161.21 and a 200-day simple moving average of $146.86. The firm has a market capitalization of $95.73 billion, a P/E ratio of 38.28, a P/E/G ratio of 2.62 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 one year low of $104.49 and a one year high of $167.54.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate 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%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 earnings per share. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current year.

Wall Street Analyst Weigh In

ICE has been the topic of several research reports. Piper Sandler raised their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. The Goldman Sachs Group raised their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. TD Cowen initiated coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Barclays raised their price target on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $173.93.

Insider Activity at Intercontinental Exchange

In related news, Director Martha A. Tirinnanzi sold 509 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the completion of the transaction, the director now owns 3,958 shares in the company, valued at $629,242.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the sale, the director now directly owns 3,958 shares of the company’s stock, valued at $629,242.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,489 shares of company stock worth $1,202,259 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.