Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC decreased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 14.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,965 shares of the financial services provider’s stock after selling 481 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ICE. Pettyjohn Wood & White Inc. raised its holdings in shares of Intercontinental Exchange by 0.5% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock worth $2,031,000 after acquiring an additional 75 shares during the period. Busey Bank raised its stake in Intercontinental Exchange by 3.4% during the first quarter. Busey Bank now owns 2,439 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 80 shares during the period. Western Pacific Wealth Management LP raised its stake in Intercontinental Exchange by 4.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 80 shares during the period. Spire Wealth Management boosted its holdings in Intercontinental Exchange by 16.4% in the 1st quarter. Spire Wealth Management now owns 582 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 82 shares during the last quarter. Finally, PDS Planning Inc grew its stake in shares of Intercontinental Exchange by 2.8% in the 1st quarter. PDS Planning Inc now owns 3,092 shares of the financial services provider’s stock valued at $425,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,267 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the completion of the sale, the director now owns 28,849 shares in the company, valued at approximately $3,882,209.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the sale, the general counsel now owns 46,815 shares in the company, valued at $6,397,737.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Judith A. Sprieser sold 2,267 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now owns 28,849 shares in the company, valued at $3,882,209.93. The disclosure for this sale can be found here. Insiders have sold 64,992 shares of company stock worth $9,197,801 over the last three months. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 0.1 %

Shares of NYSE:ICE traded up $0.16 during trading hours on Monday, reaching $151.16. The stock had a trading volume of 1,185,514 shares, compared to its average volume of 2,407,832. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $151.72. The firm’s 50 day moving average is $139.66 and its 200-day moving average is $135.68. The stock has a market capitalization of $86.70 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the business earned $1.41 EPS. Intercontinental Exchange’s revenue for the quarter was up 20.8% on a year-over-year basis. Research analysts predict that Intercontinental Exchange, Inc. will post 6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ICE shares. JPMorgan Chase & Co. lifted their price target on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Morgan Stanley upped their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Citigroup boosted their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Argus reaffirmed a “buy” rating and set a $153.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Finally, StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $152.07.

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.