Everpar Advisors LLC Buys New Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Everpar Advisors LLC purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,685 shares of the financial services provider’s stock, valued at approximately $345,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $25,000. Jones Financial Companies Lllp purchased a new stake in shares of Intercontinental Exchange in the third quarter valued at approximately $26,000. Fortitude Family Office LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at approximately $28,000. Finally, BKM Wealth Management LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the transaction, the general counsel now owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares in the company, valued at approximately $6,417,450.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO James W. Namkung sold 1,182 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $156,059.46. Following the transaction, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The disclosure for this sale can be found here. Insiders sold a total of 157,832 shares of company stock valued at $21,499,127 over the last quarter. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Trading Down 0.2 %

Shares of ICE stock traded down $0.33 on Wednesday, hitting $133.39. 1,397,428 shares of the stock traded hands, compared to its average volume of 2,406,588. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The firm’s 50-day moving average price is $134.78 and its two-hundred day moving average price is $126.35. The stock has a market capitalization of $76.51 billion, a PE ratio of 30.59, a PEG ratio of 2.14 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting analysts’ consensus estimates of $1.48. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. Intercontinental Exchange’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a $0.45 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.80 annualized dividend and a yield of 1.35%. Intercontinental Exchange’s payout ratio is 41.28%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ICE. JPMorgan Chase & Co. upped their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Morgan Stanley lifted their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reduced their target price on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $164.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $147.92.

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.