Edgestream Partners L.P. Makes New $516,000 Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Edgestream Partners L.P. acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,212 shares of the financial services provider’s stock, valued at approximately $516,000.

Several other large investors have also modified their holdings of ICE. New Millennium Group LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in shares of Intercontinental Exchange during the second quarter worth about $25,000. Fairscale Capital LLC purchased a new position in shares of Intercontinental Exchange during the second quarter worth about $25,000. Wolff Wiese Magana LLC increased its position in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter valued at approximately $26,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $156.37 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $89.78 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 2.58 and a beta of 1.08. The firm has a 50-day moving average price of $160.43 and a two-hundred day moving average price of $152.40. Intercontinental Exchange, Inc. has a twelve month low of $111.82 and a twelve month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 4.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at $24,986,080. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,696 shares of company stock valued at $1,554,559 over the last three months. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays cut their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, TD Cowen began coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective on the stock. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $174.13.

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.