3,546 Intercontinental Exchange Inc. $ICE Shares Purchased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp increased its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,100 shares of the financial services provider’s stock after acquiring an additional 3,546 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Intercontinental Exchange were worth $7,465,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Intercontinental Exchange in the 2nd quarter valued at $6,245,085,000. State Street Corp boosted its holdings in shares of Intercontinental Exchange by 1.6% during the 2nd quarter. State Street Corp now owns 25,966,680 shares of the financial services provider’s stock valued at $3,196,758,000 after purchasing an additional 415,490 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Intercontinental Exchange by 16.1% during the 2nd quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock valued at $1,454,209,000 after purchasing an additional 1,634,385 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Intercontinental Exchange during the second quarter valued at about $714,869,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Intercontinental Exchange by 1.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,298,162 shares of the financial services provider’s stock valued at $652,257,000 after purchasing an additional 52,910 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ICE shares. Bank of America boosted their target price on Intercontinental Exchange from $232.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Argus cut their price target on Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a report on Friday, August 14th. Weiss Ratings raised Intercontinental Exchange from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Wells Fargo & Company lifted their price objective on Intercontinental Exchange from $160.00 to $167.00 and gave the stock an “underweight” rating in a research note on Friday, October 30th. Finally, Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $189.25.

Insider Buying and Selling at Intercontinental Exchange

In other news, CAO James W. Namkung sold 3,777 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $175.00, for a total value of $660,975.00. Following the completion of the transaction, the chief accounting officer owned 10,325 shares in the company, valued at approximately $1,806,875. The trade was a 26.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 400 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $177.90, for a total value of $71,160.00. Following the transaction, the president directly owned 156,532 shares in the company, valued at approximately $27,847,042.80. This represents a 0.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 45,325 shares of company stock valued at $7,471,345. Corporate insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Up 2.3%

Shares of NYSE:ICE opened at $180.45 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $180.71. The company has a 50-day moving average price of $159.63 and a 200 day moving average price of $154.70. The company has a market cap of $100.84 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.55 and a beta of 0.84.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.97 by $0.05. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the business posted $1.71 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts predict that Intercontinental Exchange Inc. will post 8.21 earnings per share for the current year.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc. (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants. Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.