Is Intercontinental Exchange Inc (NYSE:ICE) a Buy? The Stock Reported more Sellers

Investors sentiment decreased to 1.09 in 2019 Q2. Its down 0.12, from 1.21 in 2019Q1. It turned negative, as 35 investors sold Intercontinental Exchange, Inc. shares while 236 reduced holdings. 79 funds opened positions while 216 raised stakes. 468.62 million shares or 0.19% less from 469.49 million shares in 2019Q1 were reported.
Citizens & Northern Corp accumulated 27,746 shares. 6,341 are owned by Marshall Wace Limited Liability Partnership. Central National Bank And Tru accumulated 0.92% or 47,767 shares. Arete Wealth Advsrs Limited Liability Company accumulated 4,830 shares or 0.08% of the stock. Everence Cap Management Inc reported 13,888 shares stake. Trillium Asset Management Ltd Company invested 0.32% in Intercontinental Exchange, Inc. (NYSE:ICE). Picton Mahoney Asset Mngmt reported 4,100 shares. 5,604 were reported by Checchi Advisers Ltd. Menora Mivtachim holds 1.24% or 532,745 shares in its portfolio. Indiana Tru And Mngmt holds 0.17% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE) for 3,600 shares. State Of Tennessee Treasury Department holds 0.06% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE) for 129,934 shares. Invesco Limited owns 0.13% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 6.51M shares. Guardian Life Insurance Of America invested in 1,639 shares or 0.02% of the stock. First Amer Bancshares invested 0.33% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE). Fruth Investment Management has invested 0.21% in Intercontinental Exchange, Inc. (NYSE:ICE).

The stock of Intercontinental Exchange Inc (NYSE:ICE) registered an increase of 18.7% in short interest. ICE’s total short interest was 4.65M shares in September as published by FINRA. Its up 18.7% from 3.92M shares, reported previously. With 2.34 million shares average volume, it will take short sellers 2 days to cover their ICE’s short positions.

The stock increased 0.85% or $0.76 during the last trading session, reaching $90.79. About 1.08M shares traded. Intercontinental Exchange, Inc. (NYSE:ICE) has risen 18.27% since September 13, 2018 and is uptrending. It has outperformed by 18.27% the S&P500.

Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Israel, Canada, and Singapore. The company has market cap of $50.88 billion. It operates in two divisions, Trading and Clearing, and Data and Listings. It has a 25.73 P/E ratio. The firm operates marketplaces for trading and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

Intercontinental Exchange, Inc. (NYSE:ICE) Ratings Coverage

Among 4 analysts covering Intercontinental Exchange (NYSE:ICE), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Intercontinental Exchange has $9900 highest and $81 lowest target. $89.25’s average target is -1.70% below currents $90.79 stock price. Intercontinental Exchange had 7 analyst reports since March 15, 2019 according to SRatingsIntel. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) earned “Market Perform” rating by Wells Fargo on Thursday, April 4. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) earned “Outperform” rating by Raymond James on Friday, July 5. Deutsche Bank maintained Intercontinental Exchange, Inc. (NYSE:ICE) rating on Friday, March 15. Deutsche Bank has “Buy” rating and $83 target. The firm has “Neutral” rating by Citigroup given on Monday, July 22.

More notable recent Intercontinental Exchange, Inc. (NYSE:ICE) news were published by: Bizjournals.com which released: “NYSE parent to launch trading in bitcoin futures – New York Business Journal” on August 19, 2019, also Bloomberg.com with their article: “NYSE Owner to Offer Futures Paying Out in Bitcoin Next Month – Bloomberg” published on August 16, 2019, Bizjournals.com published: “CEO of Atlanta startup joins Georgia Power board of directors – Atlanta Business Chronicle” on September 13, 2019. More interesting news about Intercontinental Exchange, Inc. (NYSE:ICE) were released by: Finance.Yahoo.com and their article: “Should You Worry About Intercontinental Exchange, Inc.’s (NYSE:ICE) CEO Pay Cheque? – Yahoo Finance” published on June 10, 2019 as well as Streetinsider.com‘s news article titled: “Hong Kong exchange vows to press on with $39 billion LSE bid after rebuff – StreetInsider.com” with publication date: September 13, 2019.

Intercontinental Exchange, Inc. (NYSE:ICE) Institutional Positions Chart

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