Peterson Wealth Services Sells 2,829 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

Peterson Wealth Services cut its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 85.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 493 shares of the financial services provider's stock after selling 2,829 shares during the period. Peterson Wealth Services' holdings in Intercontinental Exchange were worth $85,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC increased its holdings in shares of Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after buying an additional 91 shares during the last quarter. Tsfg LLC increased its holdings in shares of Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after buying an additional 103 shares during the last quarter. Menard Financial Group LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth $29,000. Rakuten Securities Inc. increased its holdings in shares of Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock worth $29,000 after buying an additional 143 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth $31,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

Shares of NYSE ICE traded up $0.06 during mid-day trading on Tuesday, reaching $180.87. 1,952,685 shares of the company traded hands, compared to its average volume of 2,936,742. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $183.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $103.75 billion, a PE ratio of 37.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. The stock has a fifty day simple moving average of $178.95 and a 200-day simple moving average of $168.94.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the business earned $1.48 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.06%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

Insider Transactions at Intercontinental Exchange

In related news, CAO James W. Namkung sold 612 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the completion of the transaction, the chief accounting officer owned 13,220 shares of the company's stock, valued at approximately $2,379,600. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $179.12, for a total transaction of $689,253.76. Following the completion of the transaction, the general counsel directly owned 48,480 shares of the company's stock, valued at $8,683,737.60. This represents a 7.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,119 shares of company stock valued at $40,524,217 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on ICE shares. UBS Group upped their price target on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Barclays upped their price objective on shares of Intercontinental Exchange from $198.00 to $206.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Piper Sandler upped their price objective on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average price target of $194.42.

Intercontinental Exchange Company 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.