Shulman DeMeo Asset Management LLC increased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,760 shares of the financial services provider’s stock after purchasing an additional 734 shares during the quarter. Shulman DeMeo Asset Management LLC’s holdings in Intercontinental Exchange were worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in Intercontinental Exchange in the third quarter worth $26,000. Eudaimonia Partners LLC increased its stake in Intercontinental Exchange by 81.4% in the 3rd quarter. Eudaimonia Partners LLC now owns 1,128 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 506 shares during the last quarter. Old North State Trust LLC bought a new position in Intercontinental Exchange in the 3rd quarter worth about $36,000. Winslow Evans & Crocker Inc. increased its stake in Intercontinental Exchange by 727.3% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 455 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 400 shares during the last quarter. Finally, Ropes Wealth Advisors LLC bought a new position in Intercontinental Exchange in the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Shares of NYSE ICE traded up $0.17 during mid-day trading on Wednesday, hitting $118.03. The stock had a trading volume of 82,065 shares, compared to its average volume of 2,426,874. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day moving average of $111.07 and a two-hundred day moving average of $101.74. Intercontinental Exchange, Inc. has a twelve month low of $63.51 and a twelve month high of $119.02. The firm has a market cap of $66.25 billion, a PE ratio of 32.47, a PEG ratio of 2.19 and a beta of 0.66.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Intercontinental Exchange had a net margin of 26.19% and a return on equity of 13.63%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $1.06 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Equities research analysts predict that Intercontinental Exchange, Inc. will post 4.45 EPS for the current fiscal year.

In other Intercontinental Exchange news, CFO Scott A. Hill sold 39,800 shares of the company’s stock in a transaction on Monday, December 7th. The shares were sold at an average price of $110.14, for a total value of $4,383,572.00. Following the sale, the chief financial officer now directly owns 185,792 shares of the company’s stock, valued at $20,463,130.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,070 shares of the stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $97.51, for a total transaction of $201,845.70. Following the sale, the general counsel now directly owns 39,512 shares in the company, valued at $3,852,815.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,418 shares of company stock worth $10,370,679. 1.50% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on ICE. Wells Fargo & Company reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, September 15th. The Goldman Sachs Group began coverage on Intercontinental Exchange in a report on Monday, October 19th. They issued a “buy” rating and a $123.00 price target for the company. BidaskClub upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, December 22nd. Piper Sandler boosted their price objective on shares of Intercontinental Exchange from $117.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 7th. Finally, Rosenblatt Securities boosted their price objective on shares of Intercontinental Exchange from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $118.07.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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