OneDigital Investment Advisors LLC Reduces Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

OneDigital Investment Advisors LLC lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 17.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,969 shares of the financial services provider’s stock after selling 1,262 shares during the period. OneDigital Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $959,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at about $25,000. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the second quarter worth about $25,000. Wolff Wiese Magana LLC raised its stake in Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange in the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. This represents a 4.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at $2,202,819.30. This trade represents a 3.34 % 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. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $157.69 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $90.54 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08. The stock’s 50-day moving average is $160.89 and its two-hundred day moving average is $150.44. Intercontinental Exchange, Inc. has a 1-year low of $110.64 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. Analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ICE. Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley increased their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.