Key Points
- Intercontinental Exchange SVP Douglas Foley sold 1,600 shares at $160 each for $256,000, reducing his direct ownership by 9.16% to 15,863 shares. He also sold shares in two earlier transactions, totaling $1.34 million.
- ICE recently reported quarterly EPS of $1.90, beating estimates of $1.84, while revenue reached $3.61 billion and rose 4.8% year over year.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $184.17 versus the stock’s recent price of $153.99; institutional investors own 89.3% of the company.
Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) SVP Douglas Foley sold 1,600 shares of the business's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $160.00, for a total transaction of $256,000.00. Following the transaction, the senior vice president directly owned 15,863 shares in the company, valued at approximately $2,538,080. The trade was a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Douglas Foley also recently made the following trade(s):
- On Thursday, August 20th, Douglas Foley sold 1,600 shares of Intercontinental Exchange stock. The shares were sold at an average price of $160.00, for a total transaction of $256,000.00.
- On Wednesday, August 5th, Douglas Foley sold 7,300 shares of Intercontinental Exchange stock. The shares were sold at an average price of $148.88, for a total transaction of $1,086,824.00.
Intercontinental Exchange Stock Performance
Intercontinental Exchange stock opened at $153.99 on Thursday. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $176.05. The company has a market capitalization of $86.45 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The firm's fifty day moving average price is $152.34 and its 200 day moving average price is $151.67.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.06. The firm 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 firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.81 EPS. On average, research analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Barclays reiterated an "overweight" rating and issued a $182.00 price target (up from $180.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Morgan Stanley dropped their price objective on Intercontinental Exchange from $187.00 to $163.00 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Weiss Ratings lowered Intercontinental Exchange from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 8th. Rothschild & Co Redburn set a $177.00 target price on Intercontinental Exchange in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $178.00 target price on shares of Intercontinental Exchange in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $184.17.
Check Out Our Latest Analysis on ICE
Hedge Funds Weigh In On Intercontinental Exchange
Several large investors have recently modified their holdings of ICE. Capstone Financial Advisors Inc. raised its stake in Intercontinental Exchange by 1.4% during the second quarter. Capstone Financial Advisors Inc. now owns 5,116 shares of the financial services provider's stock valued at $630,000 after buying an additional 69 shares in the last quarter. Van Hulzen Asset Management LLC grew its position in shares of Intercontinental Exchange by 11.3% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 14,388 shares of the financial services provider's stock worth $1,771,000 after acquiring an additional 1,460 shares in the last quarter. National Pension Service grew its position in shares of Intercontinental Exchange by 3.5% in the 2nd quarter. National Pension Service now owns 1,173,317 shares of the financial services provider's stock worth $144,447,000 after acquiring an additional 39,430 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $4,703,000. Finally, Engineers Gate Manager LP increased its holdings in shares of Intercontinental Exchange by 86.5% in the 2nd quarter. Engineers Gate Manager LP now owns 136,793 shares of the financial services provider's stock valued at $16,841,000 after acquiring an additional 63,456 shares during the last quarter. Institutional investors own 89.30% of the company's stock.
Intercontinental Exchange Company Profile
(
Get Free Report)
Intercontinental Exchange, Inc (NYSE: ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces for trading and clearing a range of financial and commodity products, including energy, agricultural commodities, interest rates, credit and equities.
ICE owns and operates the New York Stock Exchange and related equity markets, as well as futures and options exchanges in North America and Europe. Its businesses also include ICE Data Services, which provides market data, analytics, connectivity and other information services to financial institutions and corporations.
Through ICE Mortgage Technology, the company offers software and digital platforms designed to support residential mortgage origination, processing, servicing and related workflows.
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