UniSuper Management Pty Ltd Increases Stock Holdings in Intercontinental Exchange Inc. $ICE

UniSuper Management Pty Ltd grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 6.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 452,922 shares of the financial services provider’s stock after purchasing an additional 27,704 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Intercontinental Exchange were worth $76,308,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ICE. Brighton Jones LLC lifted its holdings in Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after buying an additional 1,169 shares during the last quarter. Empowered Funds LLC grew its position in Intercontinental Exchange by 9.0% in the 1st quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock valued at $2,483,000 after buying an additional 1,189 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Intercontinental Exchange by 16.2% during the second quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 289 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Intercontinental Exchange by 3.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 2,112 shares of the financial services provider’s stock worth $388,000 after buying an additional 70 shares in the last quarter. Finally, Norden Group LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter worth $243,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,345 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $156.67, for a total transaction of $837,401.15. Following the sale, the chief technology officer owned 65,240 shares in the company, valued at $10,221,150.80. This represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total value of $22,962,000.00. Following the sale, the chief executive officer directly owned 1,801,705 shares in the company, valued at approximately $275,805,001.40. This represents a 7.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 166,068 shares of company stock valued at $25,470,702 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Trading Down 0.8%

ICE opened at $172.94 on Friday. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $98.61 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.12 and a beta of 1.03. The firm’s 50 day moving average is $161.89 and its 200-day moving average is $167.23.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting the consensus estimate of $1.71. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The company’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $1.55 earnings per share. Analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Analyst Ratings Changes

ICE has been the subject of a number of research reports. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Piper Sandler reissued an “overweight” rating and set a $195.00 price target (down previously from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. UBS Group reissued a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Finally, Barclays set a $182.00 target price on Intercontinental Exchange and gave the stock an “overweight” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus target price of $193.50.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.