Harel Insurance Investments & Financial Services Ltd. Purchases New Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 166,498 shares of the financial services provider’s stock, valued at approximately $24,810,000.

Other large investors also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC boosted its position in shares of Intercontinental Exchange by 13.8% during the 2nd quarter. Daymark Wealth Partners LLC now owns 10,429 shares of the financial services provider’s stock valued at $1,428,000 after acquiring an additional 1,263 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Intercontinental Exchange by 6.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 753,309 shares of the financial services provider’s stock valued at $103,120,000 after purchasing an additional 45,203 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $5,619,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth approximately $510,000. Finally, Legal & General Group Plc raised its position in shares of Intercontinental Exchange by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider’s stock valued at $609,609,000 after buying an additional 191,763 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,795 shares of company stock worth $2,120,572. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley increased their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Piper Sandler raised their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods decreased their target price on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Bank of America lifted their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Barclays decreased their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average price target of $175.27.

Intercontinental Exchange Stock Down 0.1 %

Intercontinental Exchange stock opened at $157.52 on Friday. The firm has a market capitalization of $90.45 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.95 and a beta of 1.10. 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, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. The stock’s fifty day simple moving average is $152.94 and its 200-day simple moving average is $155.86.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate 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 was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 EPS. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.05 earnings per share 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.