Machina Capital S.A.S. Buys 5,476 Shares of Intercontinental Exchange Inc. $ICE

Machina Capital S.A.S. lifted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 21.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,993 shares of the financial services provider’s stock after buying an additional 5,476 shares during the period. Intercontinental Exchange comprises 0.9% of Machina Capital S.A.S.’s portfolio, making the stock its 15th biggest holding. Machina Capital S.A.S.’s holdings in Intercontinental Exchange were worth $5,222,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ICE. Optivise Advisory Services LLC increased its position in shares of Intercontinental Exchange by 3.1% during the second quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 54 shares during the period. ICONIQ Capital LLC increased its holdings in Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after buying an additional 56 shares during the period. SBI Securities Co. Ltd. increased its holdings in Intercontinental Exchange by 5.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock valued at $221,000 after buying an additional 58 shares during the period. Confluence Wealth Services Inc. raised its stake in shares of Intercontinental Exchange by 1.0% in the 2nd quarter. Confluence Wealth Services Inc. now owns 6,113 shares of the financial services provider’s stock valued at $1,121,000 after buying an additional 62 shares in the last quarter. Finally, Ledyard National Bank lifted its holdings in shares of Intercontinental Exchange by 4.3% during the 2nd quarter. Ledyard National Bank now owns 1,512 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 62 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Down 6.0%

Shares of ICE opened at $162.86 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $92.86 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.10 and a beta of 1.02. The stock has a fifty day moving average price of $164.56 and a two-hundred day moving average price of $166.60. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35.

Insider Transactions at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $163.20, for a total value of $261,120.00. Following the completion of the sale, the senior vice president owned 24,196 shares of the company’s stock, valued at $3,948,787.20. This trade represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Mayur Kapani sold 5,345 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $156.67, for a total transaction of $837,401.15. Following the completion of the transaction, the chief technology officer owned 65,240 shares of the company’s stock, valued at $10,221,150.80. This trade represents a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 166,068 shares of company stock worth $25,470,702. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of a number of analyst reports. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Raymond James Financial reiterated a “strong-buy” rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. UBS Group reissued a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $195.00 price target (down previously from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $180.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $193.50.

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.