Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) Director Judith Sprieser sold 3,700 shares of Intercontinental Exchange stock in a transaction 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 transaction, the director owned 14,469 shares in the company, valued at $2,285,523.24. The trade was a 20.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Intercontinental Exchange Price Performance
ICE stock opened at $158.17 on Wednesday. The company has a market cap of $90.19 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $154.97 and a two-hundred day moving average price of $170.43. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35.
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 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $1.55 EPS. The company's revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.
Hedge Funds Weigh In On Intercontinental Exchange
A number of institutional investors have recently added to or reduced their stakes in ICE. Vanguard Group Inc. grew its stake in shares of Intercontinental Exchange by 1.4% during the second quarter. Vanguard Group Inc. now owns 53,685,491 shares of the financial services provider's stock valued at $9,849,677,000 after acquiring an additional 745,135 shares in the last quarter. State Street Corp boosted its holdings in Intercontinental Exchange by 0.8% in the third quarter. State Street Corp now owns 24,816,744 shares of the financial services provider's stock valued at $4,181,125,000 after purchasing an additional 194,325 shares during the last quarter. Geode Capital Management LLC grew its stake in Intercontinental Exchange by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 12,438,154 shares of the financial services provider's stock valued at $2,270,657,000 after purchasing an additional 145,961 shares in the last quarter. Wellington Management Group LLP grew its stake in Intercontinental Exchange by 64.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider's stock valued at $1,744,480,000 after purchasing an additional 4,067,922 shares in the last quarter. Finally, Norges Bank purchased a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $1,542,780,000. Institutional investors and hedge funds own 89.30% of the company's stock.
Analysts Set New Price Targets
ICE has been the topic of a number of recent research reports. Barclays set a $183.00 price target on shares of Intercontinental Exchange and gave the company an "overweight" rating in a research report on Friday, October 31st. TD Cowen reduced their target price 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. Keefe, Bruyette & Woods upgraded Intercontinental Exchange to a "moderate buy" rating in a report on Monday, October 6th. UBS Group reduced their price objective on Intercontinental Exchange from $215.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, October 31st. Finally, Raymond James Financial upgraded Intercontinental Exchange from an "outperform" rating to a "strong-buy" rating and set a $210.00 target price for the company in a research note on Monday, October 13th. 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 stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $194.70.
View Our Latest Research Report on Intercontinental Exchange
About Intercontinental Exchange
(
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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