Envestnet Portfolio Solutions Inc. Has $4.71 Million Position in Intercontinental Exchange Inc. $ICE

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 16.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 27,971 shares of the financial services provider’s stock after selling 5,586 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Intercontinental Exchange were worth $4,712,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at $28,000. Westside Investment Management Inc. acquired a new position in Intercontinental Exchange in the second quarter valued at $29,000. Private Wealth Management Group LLC boosted its position in Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 66 shares during the last quarter. Hilltop National Bank bought a new stake in Intercontinental Exchange during the second quarter valued at $31,000. Finally, Knuff & Co LLC grew its holdings in Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $172.94 on Monday. Intercontinental Exchange Inc. has a 12-month low of $143.17 and a 12-month high of $189.35. The company has a market cap of $98.61 billion, a PE ratio of 31.50, a P/E/G ratio of 2.14 and a beta of 1.03. The stock has a 50 day simple moving average of $161.89 and a 200-day simple moving average of $167.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

Intercontinental Exchange (NYSE:ICE) last posted its 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 return on equity of 13.79% and a net margin of 25.24%.The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm earned $1.55 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ICE. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. Barclays set a $182.00 target price on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Thursday, January 8th. Wall Street Zen lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Wednesday, January 7th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $211.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $193.50.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 3,700 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were 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 SEC, which is accessible through this link. Also, SVP Douglas Foley sold 1,600 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $163.20, for a total transaction of $261,120.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 166,068 shares of company stock valued at $25,470,702. 1.00% of the stock is currently owned by insiders.

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.