Intercontinental Exchange Inc. $ICE Shares Sold by Triavera Capital LLC

Triavera Capital LLC lowered its stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,358 shares of the financial services provider's stock after selling 3,665 shares during the quarter. Intercontinental Exchange makes up approximately 6.4% of Triavera Capital LLC's investment portfolio, making the stock its 4th largest position. Triavera Capital LLC's holdings in Intercontinental Exchange were worth $11,102,000 as of its most recent SEC filing.

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Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tsfg LLC lifted its stake in Intercontinental Exchange by 187.3% in the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 103 shares during the last quarter. Activest Wealth Management increased its holdings in shares of Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider's stock worth $29,000 after buying an additional 162 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Intercontinental Exchange by 595.8% during the first quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock worth $29,000 after buying an additional 143 shares in the last quarter. REAP Financial Group LLC lifted its stake in shares of Intercontinental Exchange by 116.7% in the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 91 shares during the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Intercontinental Exchange during the 1st quarter valued at $30,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Down 0.2%

Shares of ICE opened at $174.26 on Friday. The stock's 50-day moving average price is $181.49 and its two-hundred day moving average price is $174.83. Intercontinental Exchange Inc. has a 12 month low of $142.29 and a 12 month high of $189.35. The company has a market capitalization of $99.75 billion, a PE ratio of 33.45, a PEG ratio of 2.08 and a beta of 1.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

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Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.04. The company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. On average, analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insider Activity

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 3,850 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $178.33, for a total transaction of $686,570.50. Following the completion of the transaction, the general counsel owned 46,293 shares in the company, valued at approximately $8,255,430.69. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $183.09, for a total transaction of $27,463,500.00. Following the completion of the sale, the chief executive officer directly owned 1,951,705 shares in the company, valued at approximately $357,337,668.45. This represents a 7.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 227,830 shares of company stock worth $41,668,789. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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ICE has been the subject of a number of recent research reports. UBS Group upped their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Piper Sandler boosted their price target on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Barclays upped their price objective on Intercontinental Exchange from $206.00 to $212.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $194.92.

Get Our Latest Research Report on Intercontinental Exchange

Intercontinental Exchange 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.

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