Hyperion Capital Advisors LP Makes New $3.07 Million Investment in Intercontinental Exchange Inc. $ICE

Hyperion Capital Advisors LP acquired a new stake in Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,961 shares of the financial services provider’s stock, valued at approximately $3,073,000. Intercontinental Exchange accounts for 1.4% of Hyperion Capital Advisors LP’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in ICE. Ares Financial Consulting LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $25,000. Rakuten Securities Inc. acquired a new position in Intercontinental Exchange in the 2nd quarter valued at about $26,000. Brooklands Fund Management Ltd purchased a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $28,000. Swiss RE Ltd. purchased a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $30,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley lowered their target price on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings downgraded Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group lowered their price objective on shares of Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Finally, Raymond James Financial set a $208.00 price objective on shares of Intercontinental Exchange in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.33.

Insider Activity at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $151.20, for a total transaction of $645,775.20. Following the completion of the sale, the chief technology officer directly owned 67,988 shares in the company, valued at approximately $10,279,785.60. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Jefferson Hague sold 1,333 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $139.46, for a total value of $185,900.18. Following the sale, the director directly owned 20,132 shares in the company, valued at $2,807,608.72. This trade represents a 6.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 17,227 shares of company stock valued at $2,598,301. 0.84% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $162.89 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $181.65. The company has a market cap of $91.45 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. The business has a fifty day moving average of $142.80 and a two-hundred day moving average of $151.54.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the firm posted $1.81 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. As a group, analysts predict that Intercontinental Exchange Inc. will post 8.1 earnings per share 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.