9,229 Shares in Intercontinental Exchange Inc. $ICE Acquired by Brasada Capital Management LP

Brasada Capital Management LP bought a new position in Intercontinental Exchange Inc. (NYSE:ICE) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 9,229 shares of the financial services provider’s stock, valued at approximately $1,484,000.

Other institutional investors also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new stake in Intercontinental Exchange in the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC acquired a new stake in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Steph & Co. boosted its stake in Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares in the last quarter. Swiss RE Ltd. acquired a new stake in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Finally, Dorato Capital Management purchased a new position in Intercontinental Exchange during the 4th quarter worth approximately $29,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $140.26 on Friday. The firm has a market cap of $79.32 billion, a PE ratio of 20.42, a PEG ratio of 1.35 and a beta of 0.92. The firm has a fifty day moving average of $154.22 and a 200 day moving average of $159.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $136.67 and a one year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 EPS. As a group, research analysts predict that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ICE. UBS Group reaffirmed a “buy” rating and issued a $205.00 price target on shares of Intercontinental Exchange in a report on Wednesday, May 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Keefe, Bruyette & Woods began coverage on shares of Intercontinental Exchange in a report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price target on the stock. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Finally, Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.00.

Insider Buying and Selling at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 4,271 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $155.42, for a total transaction of $663,798.82. Following the completion of the sale, the chief technology officer owned 64,869 shares of the company’s stock, valued at $10,081,939.98. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 4,573 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total transaction of $693,083.88. Following the sale, the general counsel directly owned 45,473 shares of the company’s stock, valued at $6,891,887.88. The trade was a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,092 shares of company stock worth $1,860,424 over the last three months. 0.84% of the stock is owned by corporate insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.