Frank Rimerman Advisors LLC Purchases 163 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Frank Rimerman Advisors LLC boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,793 shares of the financial services provider’s stock after purchasing an additional 163 shares during the period. Frank Rimerman Advisors LLC’s holdings in Intercontinental Exchange were worth $770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. increased its stake in shares of Intercontinental Exchange by 26.4% in the third quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock valued at $49,000 after buying an additional 63 shares in the last quarter. American National Bank increased its holdings in shares of Intercontinental Exchange by 13.8% in the second quarter. American National Bank now owns 569 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 69 shares in the last quarter. Veracity Capital LLC raised its position in Intercontinental Exchange by 3.4% in the 3rd quarter. Veracity Capital LLC now owns 2,206 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 72 shares during the last quarter. Catalyst Financial Partners LLC lifted its holdings in Intercontinental Exchange by 3.4% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,223 shares of the financial services provider’s stock worth $304,000 after buying an additional 73 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Intercontinental Exchange by 1.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,083 shares of the financial services provider’s stock valued at $559,000 after acquiring an additional 74 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James W. Namkung sold 1,171 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares in the company, valued at approximately $2,666,400. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,489 shares of company stock worth $1,202,259. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a report on Monday, October 7th. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Morgan Stanley increased their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.93.

Intercontinental Exchange Stock Down 1.0 %

NYSE:ICE opened at $165.31 on Monday. The stock has a 50-day simple moving average of $161.61 and a 200 day simple moving average of $147.38. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $167.64. The company has a market cap of $94.91 billion, a PE ratio of 40.92, a PEG ratio of 2.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.12 EPS for the current fiscal year.

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.