Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $160.00, for a total transaction of $256,000.00. Following the completion of the sale, the senior vice president owned 17,463 shares of the company's stock, valued at approximately $2,794,080. This trade represents a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Douglas Foley also recently made the following trade(s):
- On Wednesday, August 5th, Douglas Foley sold 7,300 shares of Intercontinental Exchange stock. The stock was sold at an average price of $148.88, for a total transaction of $1,086,824.00.
Intercontinental Exchange Trading Up 1.0%
NYSE:ICE opened at $162.89 on Tuesday. The company has a market cap of $91.45 billion, a PE ratio of 23.01, a P/E/G ratio of 1.57 and a beta of 0.92. The business's 50 day moving average is $142.80 and its two-hundred day moving average is $151.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $181.65.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the firm earned $1.81 EPS. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts predict that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages recently issued reports on ICE. The Goldman Sachs Group decreased their price objective on Intercontinental Exchange from $208.00 to $180.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Wall Street Zen raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Saturday. Morgan Stanley lowered their target price on shares of Intercontinental Exchange from $187.00 to $163.00 and set an "equal weight" rating on the stock in a research note on Friday, July 10th. Piper Sandler decreased their price objective on shares of Intercontinental Exchange from $211.00 to $190.00 and set an "overweight" rating for the company in a report on Wednesday, July 15th. Finally, Raymond James Financial set a $208.00 target price on Intercontinental Exchange in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and an average price target of $183.33.
Get Our Latest Research Report on ICE
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Intercontinental Exchange by 51.3% during the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock valued at $514,000 after purchasing an additional 1,169 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Intercontinental Exchange by 9.0% during the 1st quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider's stock worth $2,483,000 after purchasing an additional 1,189 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Intercontinental Exchange by 16.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider's stock valued at $381,000 after buying an additional 289 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Intercontinental Exchange by 27.9% in the 2nd quarter. NewEdge Advisors LLC now owns 21,213 shares of the financial services provider's stock valued at $3,892,000 after buying an additional 4,628 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Intercontinental Exchange by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 266,496 shares of the financial services provider's stock worth $48,894,000 after buying an additional 6,373 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.
About Intercontinental Exchange
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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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