Pacer Advisors Inc. grew its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,154 shares of the financial services provider's stock after buying an additional 10,917 shares during the quarter. Pacer Advisors Inc.'s holdings in Intercontinental Exchange were worth $11,270,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC grew its holdings in Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock worth $25,000 after acquiring an additional 147 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Intercontinental Exchange in the 3rd quarter worth approximately $26,000. Financial Management Professionals Inc. boosted its stake in shares of Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 87 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $25,000. Finally, Capital Performance Advisors LLP bought a new position in Intercontinental Exchange in the third quarter worth approximately $29,000. Institutional investors own 89.30% of the company's stock.
In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now directly owns 44,865 shares of the company's stock, valued at $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company's stock, valued at $2,284,875.54. The trade was a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,809 shares of company stock valued at $933,978 over the last 90 days. Insiders own 1.10% of the company's stock.
Several brokerages have issued reports on ICE. Morgan Stanley increased their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company 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 company an "overweight" rating in a research report on Tuesday, October 8th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Barclays decreased their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $174.13.
Get Our Latest Stock Analysis on ICE
Shares of ICE stock opened at $159.29 on Friday. Intercontinental Exchange, Inc. has a fifty-two week low of $111.82 and a fifty-two week high of $167.99. The firm has a market capitalization of $91.46 billion, a PE ratio of 37.75, a P/E/G ratio of 2.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The stock's 50-day simple moving average is $160.64 and its 200-day simple moving average is $151.04.
Intercontinental Exchange (NYSE:ICE - Get Free Report) 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. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company earned $1.46 EPS. Intercontinental Exchange's quarterly revenue was up 17.3% on a year-over-year basis. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.
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.
Before you consider Intercontinental Exchange, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intercontinental Exchange wasn't on the list.
While Intercontinental Exchange currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.