Several hedge funds have recently altered their positions in Intercontinental Exchange (ICE). Sanibel Captiva Trust increased its shares by 1.1%, now holding 28,586 shares worth $4.59 million. Wedmont Private Capital raised its stake by 4.3%, owning 5,878 shares valued at $938,000. Marcum Wealth LLC boosted its holdings by 6.9%, totaling 3,046 shares worth $489,000. Daymark Wealth Partners increased its share by 13.5%, now possessing 11,838 shares valued at $1.90 million. First PREMIER Bank entered a new position worth about $129,000. Overall, 89.30% of the company’s stock is held by institutional investors.
Insider Transactions at Intercontinental Exchange
Recently, CAO James W. Namkung sold 1,043 shares on July 25 for $156,450, maintaining a holding of 17,836 shares worth $2.68 million. On July 17, insider Christopher Scott Edmonds sold 1,000 shares for $148,600, retaining 14,636 shares valued at $2.17 million. In total, 9,532 shares worth $1.51 million were sold by insiders in the past three months, with insiders owning 1.10% of the stock.
Intercontinental Exchange Price Performance
ICE stock opened at $161.70, with a 52-week low of $104.49 and a high of $164.18. Key financial ratios include a quick ratio of 0.99, a debt-to-equity ratio of 0.69, and a market cap of $92.75 billion. The latest earnings report showed an EPS of $1.52 and revenue of $2.32 billion, with a net margin of 21.43%.
Wall Street Analysts Forecast Growth
Analysts have mixed reviews on ICE. Raymond James raised its target from $174 to $185. Keefe, Bruyette & Woods reiterated an “outperform” rating with a price target of $168. Citigroup increased their target from $160 to $162, while StockNews.com upgraded it from “sell” to “hold.” Overall, there are 12 buy ratings, 3 holds, and 1 strong buy, with a consensus target price of $170.67.
Company Profile
Intercontinental Exchange, Inc. provides market infrastructure, data services, and technology solutions to financial institutions and corporations globally.
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Want to know more about ICE hedge fund holdings? Visit HoldingsChannel.com for the latest filings and insider trades.
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