First National Bank of Hutchinson Lowers Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

First National Bank of Hutchinson lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 11.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,460 shares of the financial services provider’s stock after selling 447 shares during the quarter. First National Bank of Hutchinson’s holdings in Intercontinental Exchange were worth $556,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 21.6% in the first quarter. Atlas Capital Advisors LLC now owns 821 shares of the financial services provider’s stock worth $113,000 after buying an additional 146 shares in the last quarter. GoalVest Advisory LLC raised its stake in Intercontinental Exchange by 528.3% during the first quarter. GoalVest Advisory LLC now owns 666 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 560 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Intercontinental Exchange by 8.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,815 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 136 shares during the last quarter. Procyon Advisors LLC grew its stake in shares of Intercontinental Exchange by 5.4% in the 1st quarter. Procyon Advisors LLC now owns 14,991 shares of the financial services provider’s stock worth $2,060,000 after buying an additional 763 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Intercontinental Exchange by 5.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,977 shares of the financial services provider’s stock worth $3,020,000 after buying an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

ICE has been the subject of a number of analyst reports. Piper Sandler increased their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Barclays raised their price target on Intercontinental Exchange from $167.00 to $179.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Finally, Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.93.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the sale, the insider now directly owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock valued at $1,202,259 over the last three months. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Trading Down 0.6 %

NYSE ICE opened at $165.00 on Thursday. The company’s 50-day moving average price is $161.21 and its 200-day moving average price is $146.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market cap of $94.64 billion, a PE ratio of 37.84, a PEG ratio of 2.62 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $167.23.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.08 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.