Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) Director Martha Tirinnanzi sold 1,340 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $161.16, for a total transaction of $215,954.40. Following the transaction, the director owned 3,747 shares of the company's stock, valued at approximately $603,866.52. The trade was a 26.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Intercontinental Exchange Stock Up 0.8%
Shares of NYSE:ICE opened at $162.46 on Friday. The company has a market cap of $91.20 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.57 and a beta of 0.92. The firm's 50-day simple moving average is $144.90 and its 200-day simple moving average is $151.50. 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 fifty-two week low of $121.79 and a fifty-two week high of $177.76.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.06. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.81 earnings per share. As a group, equities research analysts predict that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ICONIQ Capital LLC lifted its position in shares of Intercontinental Exchange by 2.2% during the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider's stock valued at $481,000 after acquiring an additional 56 shares during the period. Mission Wealth Management LP boosted its stake in shares of Intercontinental Exchange by 2.4% during the 4th quarter. Mission Wealth Management LP now owns 2,611 shares of the financial services provider's stock worth $423,000 after acquiring an additional 62 shares in the last quarter. Johnson Financial Group LLC grew its holdings in shares of Intercontinental Exchange by 4.0% in the 4th quarter. Johnson Financial Group LLC now owns 1,710 shares of the financial services provider's stock worth $277,000 after acquiring an additional 65 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of Intercontinental Exchange by 33.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider's stock worth $42,000 after acquiring an additional 68 shares during the period. Finally, Burns J W & Co. Inc. NY increased its stake in Intercontinental Exchange by 0.6% in the 1st quarter. Burns J W & Co. Inc. NY now owns 12,189 shares of the financial services provider's stock valued at $1,917,000 after purchasing an additional 69 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. UBS Group reissued a "buy" rating and set a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. Weiss Ratings raised Intercontinental Exchange from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. Barclays reiterated an "overweight" rating and issued a $182.00 price objective (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, TD Cowen reissued a "buy" rating and issued a $177.00 target price (up from $159.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average price target of $183.33.
Get Our Latest Report on Intercontinental Exchange
Intercontinental Exchange Company Profile
(
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.
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].
