Avior Wealth Management LLC Purchases 932 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Avior Wealth Management LLC grew its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.3% in the first quarter, HoldingsChannel.com reports. The fund owned 18,577 shares of the financial services provider’s stock after buying an additional 932 shares during the period. Avior Wealth Management LLC’s holdings in Intercontinental Exchange were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in shares of Intercontinental Exchange by 27.3% during the 4th quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock worth $7,311,000 after buying an additional 12,208 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Intercontinental Exchange by 35.0% during the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after buying an additional 4,251,371 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Intercontinental Exchange by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock worth $3,253,000 after buying an additional 1,991 shares during the period. Point72 Europe London LLP boosted its holdings in shares of Intercontinental Exchange by 10.9% during the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock worth $8,515,000 after buying an additional 6,500 shares during the period. Finally, Perpetual Ltd boosted its holdings in shares of Intercontinental Exchange by 0.4% during the 1st quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock worth $204,495,000 after buying an additional 6,272 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now directly owns 46,815 shares in the company, valued at $6,397,737.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,506 shares of company stock valued at $609,374. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE traded down $0.37 during midday trading on Friday, hitting $140.79. The stock had a trading volume of 2,099,926 shares, compared to its average volume of 2,397,975. The company’s 50-day moving average price is $135.33 and its 200-day moving average price is $133.35. The company has a market capitalization of $80.76 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $141.59.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 EPS. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Analysts Set New Price Targets

ICE has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Argus reiterated a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Morgan Stanley lifted their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.29.

About Intercontinental Exchange

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.