Key Points
- Intercontinental Exchange director William Jefferson Hague sold 1,333 shares on June 12 at an average price of $139.46, totaling about $185,900. After the sale, he still owned 20,132 shares, representing a 6.21% decrease in his stake.
- ICE recently reported stronger-than-expected quarterly results, posting EPS of $2.35 versus the $2.23 consensus and revenue of $3.67 billion, up 20.4% year over year.
- Wall Street remains constructive on ICE, with a consensus rating of “Moderate Buy” and an average target price of $193, despite the stock trading near its 12-month low and below key moving averages.
Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) Director William Jefferson Hague sold 1,333 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $139.46, for a total value of $185,900.18. Following the transaction, the director directly owned 20,132 shares of the company's stock, valued at approximately $2,807,608.72. This trade represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
William Jefferson Hague also recently made the following trade(s):
- On Tuesday, June 9th, William Jefferson Hague sold 91 shares of Intercontinental Exchange stock. The stock was sold at an average price of $138.50, for a total value of $12,603.50.
Intercontinental Exchange Stock Performance
Shares of ICE stock opened at $140.95 on Wednesday. The company has a market cap of $79.71 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The stock has a 50 day simple moving average of $153.32 and a 200-day simple moving average of $159.10. Intercontinental Exchange Inc. has a 12-month low of $136.67 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 0.63.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.12. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 EPS. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on ICE shares. Barclays reissued an "overweight" rating and set a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Keefe, Bruyette & Woods started coverage on Intercontinental Exchange in a report on Wednesday, April 8th. They issued an "outperform" rating and a $190.00 price target on the stock. UBS Group restated a "buy" rating and issued a $205.00 price target on shares of Intercontinental Exchange in a report on Wednesday, May 20th. Rothschild & Co Redburn set a $177.00 price target on Intercontinental Exchange in a report on Thursday, June 11th. Finally, Piper Sandler restated an "overweight" rating and issued a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and a consensus target price of $193.00.
View Our Latest Report on ICE
Institutional Investors Weigh In On Intercontinental Exchange
A number of institutional investors and hedge funds have recently modified their holdings of the company. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Intercontinental Exchange in the 1st quarter worth approximately $11,498,000. First National Bank of Mount Dora Trust Investment Services grew its holdings in Intercontinental Exchange by 5.3% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 27,108 shares of the financial services provider's stock valued at $4,264,000 after buying an additional 1,360 shares during the last quarter. Parallel Advisors LLC grew its holdings in Intercontinental Exchange by 3.5% during the 1st quarter. Parallel Advisors LLC now owns 7,042 shares of the financial services provider's stock valued at $1,108,000 after buying an additional 236 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Intercontinental Exchange by 41.3% during the 1st quarter. NewEdge Advisors LLC now owns 39,775 shares of the financial services provider's stock valued at $6,256,000 after buying an additional 11,624 shares during the last quarter. Finally, First Nebraska Trust Co acquired a new stake in Intercontinental Exchange during the 1st quarter valued at $236,000. Institutional investors and hedge funds own 89.30% of the company's stock.
About Intercontinental Exchange
(
Get Free Report)
Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.
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