Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,526 shares of the financial services provider’s stock after acquiring an additional 1,136 shares during the period. Intercontinental Exchange accounts for about 0.6% of Ulland Investment Advisors LLC’s portfolio, making the stock its 29th largest holding. Ulland Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $972,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its stake in shares of Intercontinental Exchange by 1.2% in the 2nd quarter. Intech Investment Management LLC now owns 15,527 shares of the financial services provider’s stock valued at $2,125,000 after purchasing an additional 189 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Intercontinental Exchange by 139.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,634 shares of the financial services provider’s stock valued at $497,000 after buying an additional 2,117 shares during the period. Sei Investments Co. lifted its position in Intercontinental Exchange by 14.3% in the second quarter. Sei Investments Co. now owns 398,803 shares of the financial services provider’s stock valued at $54,592,000 after buying an additional 49,933 shares during the last quarter. ProShare Advisors LLC boosted its stake in Intercontinental Exchange by 5.0% during the second quarter. ProShare Advisors LLC now owns 116,480 shares of the financial services provider’s stock worth $15,945,000 after buying an additional 5,564 shares during the period. Finally, Frank Rimerman Advisors LLC increased its position in shares of Intercontinental Exchange by 16,435.7% during the second quarter. Frank Rimerman Advisors LLC now owns 4,630 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 4,602 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ICE shares. Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Piper Sandler increased their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lowered their target price on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now directly owns 12,922 shares of the company’s stock, valued at $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,795 shares of company stock valued at $2,120,572. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE opened at $149.07 on Tuesday. The firm has a market capitalization of $85.59 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 2.29 and a beta of 1.10. The firm’s fifty day simple moving average is $153.20 and its 200-day simple moving average is $155.73. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 earnings per share. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.06 EPS for the current fiscal year.

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.