667 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by AJOVista LLC

AJOVista LLC bought a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 667 shares of the financial services provider’s stock, valued at approximately $86,000.

Other hedge funds have also added to or reduced their stakes in the company. Vinva Investment Management Ltd raised its stake in shares of Intercontinental Exchange by 0.6% in the third quarter. Vinva Investment Management Ltd now owns 16,736 shares of the financial services provider’s stock worth $1,855,000 after purchasing an additional 93 shares during the last quarter. Timber Creek Capital Management LLC lifted its stake in Intercontinental Exchange by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 34,466 shares of the financial services provider’s stock valued at $4,426,000 after acquiring an additional 94 shares during the period. HBK Sorce Advisory LLC boosted its holdings in shares of Intercontinental Exchange by 4.8% in the 3rd quarter. HBK Sorce Advisory LLC now owns 2,116 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 97 shares during the last quarter. West Coast Financial LLC increased its stake in shares of Intercontinental Exchange by 4.6% in the fourth quarter. West Coast Financial LLC now owns 2,248 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 98 shares during the period. Finally, Savant Capital LLC raised its holdings in shares of Intercontinental Exchange by 1.5% during the third quarter. Savant Capital LLC now owns 6,946 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 100 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded up $3.96 on Friday, hitting $130.50. 3,991,238 shares of the company were exchanged, compared to its average volume of 2,404,087. The company has a 50-day moving average price of $135.01 and a 200 day moving average price of $125.81. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $74.73 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02. Intercontinental Exchange, Inc. has a 1-year low of $103.81 and a 1-year high of $140.43.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the business earned $1.41 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 13th. Intercontinental Exchange’s dividend payout ratio (DPR) is 41.28%.

Wall Street Analyst Weigh In

Several research firms have commented on ICE. UBS Group upped their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, February 12th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday. Bank of America reduced their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Piper Sandler lifted their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.92.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares in the company, valued at $6,417,450.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares in the company, valued at $6,417,450.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the purchase, the insider now directly owns 649,934 shares of the company’s stock, valued at approximately $565,442.58. The disclosure for this purchase can be found here. Insiders have sold 157,832 shares of company stock worth $21,499,127 over the last three months. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Profile

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.