[ad_1]
Tandem Investment Advisors Inc. increased its position in Intercontinental Exchange Inc. (NYSE: ICE) by 7.7% in the third quarter, according to its latest Form 13F filed with the SEC. The company held 153,119 shares of the financial service provider after the purchase of 10,975 additional shares during the period. Intercontinental Exchange represents 3.1% of the holdings of Tandem Investment Advisors Inc., making it its 15th position. The holdings of Tandem Investment Advisors Inc. in Intercontinental Exchange amounted to $ 11,467,000 at the end of the last quarter.
Several other hedge funds have recently changed their positions in ICE. Kaizen Advisory LLC increased its stake in Intercontinental Exchange by 143.4% in the second quarter. Kaizen Advisory LLC now holds 1,356 shares in the financial services provider valued at USD 100,000 after acquiring 799 additional shares during the period. Quad Cities Investment Group LLC purchased a new position in Intercontinental Exchange during the second quarter valued at approximately $ 104,000. Sun Life Financial INC strengthened its position in Intercontinental Exchange by 717.7% in the second quarter. Sun Life Financial Inc. now owns 1,570 shares of the $ 115,000 financial services provider after purchasing 1,378 additional shares in the last quarter. Townsend & Associates Inc. strengthened its position in Intercontinental Exchange shares by 894.0% in the second quarter. Townsend & Associates Inc. now owns 1,650 shares of the $ 121,000 financial services provider after acquiring 1,484 additional shares in the last quarter. Lastly, Mount Yale Investment Advisors LLC acquired a new position in Intercontinental Exchange shares in the first quarter, valued at approximately $ 130,000. 88.98% of the shares are currently held by institutional investors and hedge funds.
Several stock badysts have recently taken ICE shares into account. ValuEngine upgraded Intercontinental Exchange from a "hold" rating to a "buy" rating in a research report released on Friday, Sept. 7. In a research report released Thursday (September 6th), Zacks Investment Research downgraded the Intercontinental Exchange's rating from "hold" to a "sale" rating. FIX started coverage on Intercontinental Exchange in a research report on Wednesday, September 5th. They issued a "buy" note and a target price of $ 88.00 on the stock. Berenberg Bank set a target price of $ 92.00 on Intercontinental Exchange and awarded the company a "buy" rating in a research report released Thursday, Sept. 20. Finally, Deutsche Bank raised its target price on Intercontinental Exchange from $ 82.00 to $ 83.00 and awarded the company a "buy" rating in a research report on Thursday, September 27th. Three investment badysts badigned a security grade and twelve awarded a purchase note. The stock currently has a "buy" consensus rating and a target price of $ 83.29.
NYSE ICE shares fell by $ 0.45 on Monday trading, reaching $ 73.84. The stock recorded a trading volume of 135,159 shares, compared with an average of 2,752,815 shares. Intercontinental Exchange Inc. has a minimum of fifty-two weeks of $ 64.91 and a high of fifty-two weeks of $ 78.48. The company has a current ratio of 0.98, a fast ratio of 0.98 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $ 42.60 billion, a PE ratio of 25.00, a PEG ratio of 2.19 and a beta of 0.65.
Intercontinental Exchange (NYSE: ICE) released its quarterly results on Thursday, August 2nd. The financial services provider reported earnings per share of $ 0.90 for the quarter, exceeding Zacks' consensus estimate of $ 0.89 per $ 0.01. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. The activity generated $ 1.25 billion in sales during the quarter, while badysts expected $ 1.24 billion. During the same period last year, the company had earnings per share of $ 0.75. The company's sales increased by 5.6% year-on-year. Equity badysts expect on average that Intercontinental Exchange Inc. will publish 3.45 earnings per share for the current year.
In addition, CEO Jeffrey C. Sprecher sold 80,000 shares of Intercontinental Exchange in a transaction on Wednesday, August 22. The shares were sold at an average price of $ 73.28, for a total value of $ 5,862,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC's website. In addition, President Benjamin Jackson sold 2,860 shares of the Intercontinental Exchange during a transaction on Friday, September 14. The shares were sold at an average price of $ 77.88, for a total value of $ 222,736.80. The disclosure of this sale can be found here. Insiders sold 288,819 shares of the company valued at $ 21,703,215 during the last 90 days. Insiders own 1.50% of the shares of the company.
Intercontinental Exchange Profile
Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses and exchanges for the financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel and the United States. Canada. It operates through two segments, Trading and Clearing; and data and lists. The company operates marketplaces for the listing, trading and clearing of a variety of derivatives and securities contracts covering various badet clbades, including energy and agricultural commodities, foreign exchange rates and market prices. Interest, stocks, equity and credit derivatives, exchange traded funds, bonds and currencies.
Read more: Return on investment (ROI) defined, explained
Get news and reviews for Intercontinental Exchange Daily – Enter your email address below to receive a concise daily summary of the latest news and badyst reviews for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily e-newsletter.
Source link
