Key Points
- Douglas Foley, an ICE senior vice president, sold 1,600 shares on Dec. 12 at an average price of $163.20 for about $261,120, trimming his stake by 6.2% to 24,196 shares (≈$3.95M).
- Intercontinental Exchange reported $1.71 EPS (in line with estimates) and $3.01B in revenue (above estimates) for the quarter, with revenue up 2.6% year-over-year and analysts holding an average "Buy" rating and $194.70 price target.
- The stock recently opened at $160, trades in a 12‑month range of $142.29–$189.35, has a market cap of $91.23B and a P/E of 29.14, and about 89.3% of shares are held by hedge funds and institutional investors.
Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) SVP Douglas Foley sold 1,600 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $163.20, for a total value of $261,120.00. Following the sale, the senior vice president directly owned 24,196 shares of the company's stock, valued at $3,948,787.20. The trade was a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Intercontinental Exchange Trading Down 0.9%
NYSE:ICE opened at $160.00 on Wednesday. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. 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's 50 day simple moving average is $154.99 and its 200-day simple moving average is $169.85. The firm has a market cap of $91.23 billion, a P/E ratio of 29.14, a PEG ratio of 2.50 and a beta of 1.05.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, hitting the consensus estimate of $1.71. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The company'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. Equities analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on ICE. Barclays set a $183.00 price target on shares of Intercontinental Exchange and gave the stock an "overweight" rating in a research note on Friday, October 31st. JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $202.00 to $180.00 and set an "overweight" rating on the stock in a research report on Friday, October 31st. Morgan Stanley cut their target price on Intercontinental Exchange from $188.00 to $178.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 21st. UBS Group decreased their price target 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 raised Intercontinental Exchange from an "outperform" rating to a "strong-buy" rating and set a $210.00 price objective on the stock in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange has an average rating of "Buy" and an average price target of $194.70.
View Our Latest Report on ICE
Hedge Funds Weigh In On Intercontinental Exchange
Several hedge funds have recently bought and sold shares of ICE. Princeton Global Asset Management LLC purchased a new position in shares of Intercontinental Exchange in the second quarter valued at $28,000. Westside Investment Management Inc. purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at about $29,000. Activest Wealth Management grew its position in shares of Intercontinental Exchange by 4,050.0% in the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 162 shares during the last quarter. Hilltop National Bank purchased a new stake in Intercontinental Exchange in the 2nd quarter valued at approximately $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 valued at $32,000 after buying an additional 74 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other 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.
Further Reading
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