Insight Wealth Strategies LLC Sells 1,355 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Insight Wealth Strategies LLC lessened its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,530 shares of the financial services provider’s stock after selling 1,355 shares during the period. Insight Wealth Strategies LLC’s holdings in Intercontinental Exchange were worth $2,165,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ICE. Wolff Wiese Magana LLC increased its position 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 buying an additional 147 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth approximately $26,000. Financial Management Professionals Inc. raised its stake in Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 87 shares during the period. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter valued at $25,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Intercontinental Exchange in the third quarter valued at about $29,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the sale, the general counsel now owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,533 shares of company stock valued at $1,196,279. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Trading Down 1.9 %

NYSE:ICE traded down $2.85 during mid-day trading on Monday, hitting $146.99. 1,536,726 shares of the company’s stock were exchanged, compared to its average volume of 1,527,007. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99. 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 firm has a market capitalization of $84.40 billion, a P/E ratio of 34.83, a PEG ratio of 2.57 and a beta of 1.10. The company has a 50 day simple moving average of $155.74 and a 200-day simple moving average of $155.15.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS 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 company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. Intercontinental Exchange’s revenue was up 17.3% compared to the same quarter last year. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on ICE shares. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Raymond James cut Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target for the company. in a research note on Monday, October 14th. JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley increased their price objective 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.07.

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.