Intercontinental Exchange Inc. $ICE is Visualize Group LP's 7th Largest Position

Key Points

• Visualize Group LP increased its holdings in Intercontinental Exchange Inc. by 8.9%, acquiring an additional 7,724 shares during the first quarter, which now constitutes about 8.8% of its portfolio.
• Several hedge funds have recently adjusted their stakes, with notable increases in holdings by firms like Fielder Capital Group LLC (up 2.2%) and GPS Wealth Strategies Group LLC (up 17.2%).
• Intercontinental Exchange's shares opened at $176.60 and are experiencing a slight decline of 0.3%, as the company maintains a market capitalization of over $101 billion with a reported net margin of 23.92%.

Visualize Group LP raised its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,424 shares of the financial services provider's stock after purchasing an additional 7,724 shares during the quarter. Intercontinental Exchange accounts for approximately 8.8% of Visualize Group LP's investment portfolio, making the stock its 7th biggest position. Visualize Group LP's holdings in Intercontinental Exchange were worth $16,288,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. REAP Financial Group LLC boosted 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 valued at $25,000 after acquiring an additional 91 shares in the last quarter. Tsfg LLC raised its position in shares of Intercontinental Exchange by 187.3% in the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after acquiring an additional 103 shares in the last quarter. Menard Financial Group LLC bought a new position in shares of Intercontinental Exchange in the 4th quarter worth about $29,000. Rakuten Securities Inc. grew its stake in shares of Intercontinental Exchange by 595.8% in the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock valued at $29,000 after buying an additional 143 shares during the period. Finally, Activest Wealth Management grew its stake in shares of Intercontinental Exchange by 4,050.0% in the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider's stock valued at $29,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

ICE traded down $0.26 during trading on Friday, reaching $174.26. The stock had a trading volume of 3,104,192 shares, compared to its average volume of 2,714,532. The stock has a market cap of $99.75 billion, a PE ratio of 33.45, a PEG ratio of 2.08 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The business has a 50-day moving average of $181.49 and a 200-day moving average of $174.77.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.04. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company's revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $183.09, for a total transaction of $27,463,500.00. Following the completion of the sale, the chief executive officer directly owned 1,951,705 shares in the company, valued at approximately $357,337,668.45. This represents a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martha A. Tirinnanzi sold 610 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $179.76, for a total transaction of $109,653.60. Following the sale, the director owned 3,519 shares of the company's stock, valued at approximately $632,575.44. This represents a 14.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 227,830 shares of company stock valued at $41,668,789. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ICE shares. Barclays lifted their price target on Intercontinental Exchange from $206.00 to $212.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. UBS Group boosted their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Piper Sandler lifted their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $194.92.

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.