Fiera Capital Corp Has $11.46 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Fiera Capital Corp boosted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 15.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 70,764 shares of the financial services provider’s stock after acquiring an additional 9,530 shares during the period. Fiera Capital Corp’s holdings in Intercontinental Exchange were worth $11,461,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ICE. Ares Financial Consulting LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth $25,000. Holos Integrated Wealth LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth $28,000. Steph & Co. boosted its position in shares of Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares in the last quarter. Dorato Capital Management bought a new position in shares of Intercontinental Exchange during the fourth quarter worth $29,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Intercontinental Exchange during the fourth quarter worth $30,000. 89.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ICE shares. Weiss Ratings cut shares of Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Friday, March 6th. Barclays reissued an “overweight” rating and set a $201.00 price target (up from $198.00) on shares of Intercontinental Exchange in a research report on Friday, May 1st. Finally, Piper Sandler reissued an “overweight” rating and set a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.60.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Sharon Bowen sold 667 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $151.28, for a total transaction of $100,903.76. Following the transaction, the director directly owned 15,077 shares in the company, valued at $2,280,848.56. The trade was a 4.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mayur Kapani sold 4,271 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $155.42, for a total transaction of $663,798.82. Following the transaction, the chief technology officer owned 64,869 shares in the company, valued at $10,081,939.98. This represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,001 shares of company stock valued at $1,847,820 over the last quarter. 0.84% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Down 1.8%

Shares of ICE stock opened at $138.89 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 1 year low of $136.67 and a 1 year high of $189.35. The firm’s fifty day moving average price is $155.49 and its two-hundred day moving average price is $159.68. The firm has a market capitalization of $78.54 billion, a P/E ratio of 20.22, a PEG ratio of 1.36 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the business earned $1.72 EPS. The company’s revenue was up 20.4% compared to the same quarter last year. On average, equities analysts predict that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

About Intercontinental Exchange

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.