GAMMA Investing LLC Purchases 887 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

GAMMA Investing LLC increased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 10.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,246 shares of the financial services provider’s stock after purchasing an additional 887 shares during the period. GAMMA Investing LLC’s holdings in Intercontinental Exchange were worth $1,378,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. grew its position in shares of Intercontinental Exchange by 13.8% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock worth $82,000 after buying an additional 62 shares during the period. Raleigh Capital Management Inc. boosted its stake in Intercontinental Exchange by 26.4% during the third quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 63 shares in the last quarter. Integrated Advisors Network LLC boosted its stake in Intercontinental Exchange by 4.0% during the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 66 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in Intercontinental Exchange by 6.2% in the third quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 70 shares during the period. Finally, Catalina Capital Group LLC increased its stake in shares of Intercontinental Exchange by 3.9% during the third quarter. Catalina Capital Group LLC now owns 1,867 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Friday, November 1st. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Barclays increased their price objective on shares of Intercontinental Exchange from $173.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Piper Sandler lifted their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.07.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the transaction, the general counsel now directly owns 44,702 shares of the company’s stock, valued at $6,977,088.16. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,533 shares of company stock worth $1,196,279 in the last quarter. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.3 %

NYSE:ICE opened at $149.84 on Friday. The company has a 50 day simple moving average of $156.05 and a two-hundred day simple moving average of $154.80. The company has a market cap of $86.03 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08. 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 12 month low of $124.34 and a 12 month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations 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 business earned $1.46 earnings per share. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

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.