Intercontinental Exchange (NYSE:ICE) SVP Sells 1,600 Shares

by · The Cerbat Gem

Intercontinental Exchange Inc. (NYSE:ICE – Get Free Report) SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction dated 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 transaction, the senior vice president owned 24,196 shares in the company, valued at approximately $3,948,787.20. This represents a 6.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Intercontinental Exchange Price Performance

Shares of ICE stock traded down $1.40 on Tuesday, reaching $160.00. The company had a trading volume of 4,221,876 shares, compared to its average volume of 3,213,018. The business’s 50-day moving average is $155.03 and its 200 day moving average is $169.99. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $91.23 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.05.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.71. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. Equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Analysts Set New Price Targets

ICE has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target on the stock in a report on Monday, October 13th. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. UBS Group reduced their target price on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Morgan Stanley cut their price target on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Buy” and an average target price of $194.70.

Get Our Latest Research Report on ICE

Institutional Investors Weigh In On Intercontinental Exchange

A number of institutional investors have recently modified their holdings of ICE. Princeton Global Asset Management LLC acquired a new position in Intercontinental Exchange in the second quarter valued at $28,000. Activest Wealth Management boosted its position in Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 162 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in Intercontinental Exchange during the 2nd quarter worth about $29,000. Private Wealth Management Group LLC raised its position in shares of Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 66 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of Intercontinental Exchange in the 2nd quarter worth about $31,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Company Profile

(Get Free Report)

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.

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