Woodline Partners LP Has $8.37 Million Holdings in Intercontinental Exchange Inc. $ICE

Key Points

• Woodline Partners LP increased its holdings in Intercontinental Exchange Inc. by 40.8% in Q1, now owning 48,543 shares valued at approximately $8.37 million.
• Research analysts have generally rated Intercontinental Exchange stock positively, with ten analysts giving it a Buy rating and a consensus price target of $194.92.
• Intercontinental Exchange reported Q2 earnings of $1.81 EPS, exceeding analyst expectations and showing a 9.8% year-over-year revenue growth.

Woodline Partners LP raised its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 40.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 48,543 shares of the financial services provider's stock after acquiring an additional 14,061 shares during the period. Woodline Partners LP's holdings in Intercontinental Exchange were worth $8,374,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fielder Capital Group LLC boosted its position in shares of Intercontinental Exchange by 2.2% during the first quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider's stock valued at $484,000 after buying an additional 61 shares during the last quarter. E Fund Management Co. Ltd. boosted its position in shares of Intercontinental Exchange by 4.2% during the first quarter. E Fund Management Co. Ltd. now owns 1,500 shares of the financial services provider's stock valued at $259,000 after buying an additional 61 shares during the last quarter. Berkeley Capital Partners LLC boosted its position in shares of Intercontinental Exchange by 1.1% during the first quarter. Berkeley Capital Partners LLC now owns 5,639 shares of the financial services provider's stock valued at $973,000 after buying an additional 62 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of Intercontinental Exchange by 17.2% during the first quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider's stock valued at $74,000 after buying an additional 63 shares during the last quarter. Finally, Values Added Financial LLC boosted its position in shares of Intercontinental Exchange by 4.4% during the first quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider's stock valued at $264,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Ratings Changes

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

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $176.12 on Friday. The business's fifty day simple moving average is $180.80 and its 200 day simple moving average is $174.95. The firm has a market capitalization of $100.81 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. Intercontinental Exchange Inc. has a 12 month low of $142.29 and a 12 month high of $189.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

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

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CFO Warren Gardiner sold 1,570 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $178.45, for a total value of $280,166.50. Following the sale, the chief financial officer directly owned 22,106 shares in the company, valued at $3,944,815.70. The trade was a 6.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 3,850 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $178.33, for a total value of $686,570.50. Following the completion of the sale, the general counsel owned 46,293 shares in the company, valued at approximately $8,255,430.69. The trade was a 7.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 229,130 shares of company stock valued at $41,890,900. 1.00% of the stock is currently owned by insiders.

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.

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