Intercontinental Exchange Inc. $ICE Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. reduced its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 90.9% during the third quarter, Holdings Channel.com reports. The firm owned 1,440 shares of the financial services provider’s stock after selling 14,443 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Intercontinental Exchange were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Advisors Capital Management LLC boosted its stake in Intercontinental Exchange by 25.0% during the 1st quarter. Advisors Capital Management LLC now owns 1,978 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 396 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Intercontinental Exchange by 1.6% in the second quarter. Horizon Kinetics Asset Management LLC now owns 831,758 shares of the financial services provider’s stock valued at $152,603,000 after buying an additional 13,497 shares during the period. Trillium Asset Management LLC boosted its stake in Intercontinental Exchange by 12.0% during the second quarter. Trillium Asset Management LLC now owns 272,010 shares of the financial services provider’s stock valued at $49,907,000 after buying an additional 29,250 shares in the last quarter. King Luther Capital Management Corp boosted its stake in Intercontinental Exchange by 19.7% during the second quarter. King Luther Capital Management Corp now owns 294,112 shares of the financial services provider’s stock valued at $53,961,000 after buying an additional 48,344 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Intercontinental Exchange by 6.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 886,369 shares of the financial services provider’s stock worth $161,195,000 after acquiring an additional 55,057 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $160.00 on Wednesday. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $189.35. The firm’s 50 day simple moving average is $154.99 and its 200-day simple moving average is $169.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $91.23 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. Raymond James Financial upgraded shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 target price on the stock in a report on Monday, October 13th. Barclays set a $183.00 target price on shares of Intercontinental Exchange and gave the company an “overweight” rating in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Finally, UBS Group cut their price objective on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $194.70.

Insider Buying and Selling

In related news, Director Judith A. Sprieser sold 3,700 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the sale, the director directly owned 14,469 shares of the company’s stock, valued at approximately $2,285,523.24. This represents a 20.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 1,572 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $153.65, for a total value of $241,537.80. Following the sale, the chief financial officer owned 20,534 shares of the company’s stock, valued at $3,155,049.10. The trade was a 7.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 176,150 shares of company stock valued at $27,072,531. 1.00% of the stock is currently owned by company insiders.

About Intercontinental Exchange

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.