Key Points
- CFO Warren Gardiner sold 1,572 shares on November 20 at an average price of $153.65 for $241,537.80, reducing his stake by 7.11% to 20,534 shares (SEC filing disclosed).
- Intercontinental Exchange reported Q3 EPS of $1.71 (in line with estimates) and revenue of $3.01 billion (above estimates), and the stock retains a consensus "Buy" rating with a $194.70 target price.
Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) CFO Warren Gardiner sold 1,572 shares of the firm's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total transaction of $241,537.80. Following the completion of the transaction, the chief financial officer directly owned 20,534 shares of the company's stock, valued at approximately $3,155,049.10. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Intercontinental Exchange Trading Down 1.0%
Shares of ICE stock opened at $152.91 on Tuesday. The stock has a market capitalization of $87.19 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.11 and a beta of 1.06. The company's fifty day simple moving average is $157.65 and its two-hundred day simple moving average is $171.82. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting analysts' consensus estimates of $1.71. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company earned $1.55 earnings per share. As a group, analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on ICE shares. Wall Street Zen cut Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Barclays set a $183.00 target price on shares of Intercontinental Exchange and gave the stock an "overweight" rating in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Intercontinental Exchange from $202.00 to $180.00 and set an "overweight" rating on the stock in a research note on Friday, October 31st. Raymond James Financial raised shares of Intercontinental Exchange from an "outperform" rating to a "strong-buy" rating and set a $210.00 price target for the company in a report on Monday, October 13th. Finally, TD Cowen decreased their price target on shares of Intercontinental Exchange from $199.00 to $175.00 and set a "buy" rating on the stock in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $194.70.
View Our Latest Stock Report on ICE
Hedge Funds Weigh In On Intercontinental Exchange
Several institutional investors and hedge funds have recently made changes to their positions in ICE. Brighton Jones LLC increased its holdings in shares of Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock worth $514,000 after buying an additional 1,169 shares during the period. Cetera Investment Advisers grew its position in Intercontinental Exchange by 8.8% during the 1st quarter. Cetera Investment Advisers now owns 76,544 shares of the financial services provider's stock worth $13,204,000 after acquiring an additional 6,164 shares during the last quarter. Assetmark Inc. grew its position in Intercontinental Exchange by 34.3% during the 1st quarter. Assetmark Inc. now owns 23,849 shares of the financial services provider's stock worth $4,114,000 after acquiring an additional 6,087 shares during the last quarter. Empirical Finance LLC increased its stake in Intercontinental Exchange by 4.3% in the 1st quarter. Empirical Finance LLC now owns 8,770 shares of the financial services provider's stock worth $1,513,000 after purchasing an additional 363 shares during the period. Finally, Alteri Wealth LLC lifted its position in Intercontinental Exchange by 15.8% in the first quarter. Alteri Wealth LLC now owns 3,920 shares of the financial services provider's stock valued at $676,000 after purchasing an additional 535 shares during the last quarter. Institutional investors own 89.30% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
