Brasada Capital Management LP Buys Shares of 9,229 Intercontinental Exchange Inc. $ICE

Brasada Capital Management LP bought a new stake in Intercontinental Exchange Inc. (NYSE:ICE) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 9,229 shares of the financial services provider’s stock, valued at approximately $1,484,000.

Other large investors also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at about $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $28,000. Steph & Co. lifted 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. Swiss RE Ltd. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $28,000. Finally, Dorato Capital Management acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

ICE stock opened at $140.26 on Friday. The company has a market capitalization of $79.32 billion, a P/E ratio of 20.42, a PEG ratio of 1.35 and a beta of 0.92. Intercontinental Exchange Inc. has a twelve month low of $136.67 and a twelve month high of $189.35. The business has a 50 day simple moving average of $154.22 and a 200-day simple moving average of $159.27. 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 (NYSE:ICE) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period last year, the company earned $1.72 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities analysts anticipate that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Sharon Bowen sold 667 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the completion of the sale, the director directly owned 15,077 shares of the company’s stock, valued at $2,280,848.56. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Warren Gardiner sold 2,490 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total value of $390,033.60. Following the sale, the chief financial officer directly owned 25,189 shares of the company’s stock, valued at approximately $3,945,604.96. This represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,092 shares of company stock valued at $1,860,424 in the last ninety days. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a research report on Thursday. Keefe, Bruyette & Woods assumed coverage on shares of Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price target on the stock. 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. 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. Finally, UBS Group reissued a “buy” rating and set a $205.00 price target on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. One investment 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Intercontinental Exchange Profile

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.