Fidelis Capital Partners LLC Boosts Position in Intercontinental Exchange Inc. $ICE

Fidelis Capital Partners LLC increased its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 76.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,754 shares of the financial services provider’s stock after acquiring an additional 4,241 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Intercontinental Exchange were worth $1,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Princeton Global Asset Management LLC purchased a new stake in shares of Intercontinental Exchange in the 2nd quarter worth about $28,000. Westside Investment Management Inc. purchased a new position in shares of Intercontinental Exchange during the second quarter valued at about $29,000. Private Wealth Management Group LLC raised its stake in Intercontinental Exchange by 59.5% in the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after buying an additional 66 shares in the last quarter. Hilltop National Bank purchased a new stake in Intercontinental Exchange in the second quarter worth about $31,000. Finally, Knuff & Co LLC boosted its position in Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In related news, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total transaction of $22,962,000.00. Following the completion of the sale, the chief executive officer owned 1,801,705 shares of the company’s stock, valued at $275,805,001.40. This trade represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $157.96, for a total transaction of $584,452.00. Following the completion of the transaction, the director owned 14,469 shares of the company’s stock, valued at approximately $2,285,523.24. The trade was a 20.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 166,068 shares of company stock valued at $25,470,702. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Trading Up 1.5%

NYSE ICE opened at $174.96 on Friday. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $163.64 and its 200-day moving average price is $167.03. The stock has a market cap of $99.76 billion, a P/E ratio of 31.87, a P/E/G ratio of 2.13 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the business posted $1.55 EPS. Intercontinental Exchange’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday, January 24th. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Morgan Stanley set a $180.00 target price on shares of Intercontinental Exchange and gave the company an “equal weight” rating in a report on Thursday, January 15th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Finally, Piper Sandler reissued an “overweight” rating and set a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $193.50.

Intercontinental Exchange 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.