5,698 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 5,698 shares of the financial services provider’s stock, valued at approximately $780,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Scarborough Advisors LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at $25,000. Annapolis Financial Services LLC increased its stake in Intercontinental Exchange by 1,018.8% in the first 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 in the last quarter. New Millennium Group LLC bought a new stake in Intercontinental Exchange in the second quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in shares of Intercontinental Exchange during the second quarter valued at about $25,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Intercontinental Exchange during the 1st quarter worth about $26,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Performance

ICE stock opened at $161.36 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The firm has a market cap of $92.55 billion, a PE ratio of 37.01, a P/E/G ratio of 2.81 and a beta of 1.08. The business has a 50 day moving average of $154.20 and a 200-day moving average of $141.97. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $163.71.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Insider Buying and Selling

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the transaction, the chief executive officer now directly owns 1,179,993 shares in the company, valued at $167,181,408.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total value of $8,272,553.52. Following the sale, the chief executive officer now directly owns 1,179,993 shares in the company, valued at $167,181,408.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction on 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 owns 16,576 shares of the company’s stock, valued at approximately $2,675,863.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,096 shares of company stock worth $9,593,983. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ICE. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their target price for the company from $143.00 to $167.00 in a research report on Monday, July 1st. Citigroup upped their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Barclays lifted their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, Argus reiterated a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $154.93.

Intercontinental Exchange Company 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.