Key Points
- Intercontinental Exchange General Counsel Andrew Surdykowski sold 4,575 shares at an average price of $175.05, totaling about $801,000. He retained 40,554 shares after the sale, a 10.14% reduction in his holdings.
- ICE reported quarterly earnings of $2.02 per share, beating analyst estimates of $1.97; revenue rose 14.7% year over year to $3.63 billion.
- Analysts have a consensus “Moderate Buy” rating and an average price target of $189.25, compared with the article’s cited share price of $177.80.
Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) Director Sharon Bowen sold 2,100 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $174.51, for a total transaction of $366,471.00. Following the sale, the director directly owned 12,977 shares of the company's stock, valued at $2,264,616.27. This represents a 13.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Intercontinental Exchange Trading Down 1.5%
Shares of NYSE:ICE opened at $177.80 on Friday. The firm has a market cap of $99.36 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.59 and a beta of 0.84. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $181.38. The company's fifty day simple moving average is $160.03 and its 200 day simple moving average is $154.71. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.68.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, October 29th. The financial services provider reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $0.05. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $2.74 billion. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS. As a group, research analysts forecast that Intercontinental Exchange Inc. will post 8.21 EPS for the current fiscal year.
Analyst Ratings Changes
ICE has been the subject of several recent research reports. Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Saturday, October 10th. Rothschild & Co Redburn increased their price objective on Intercontinental Exchange from $173.00 to $181.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. Jefferies Financial Group dropped their target price on Intercontinental Exchange from $189.00 to $185.00 in a research report on Wednesday, October 7th. The Goldman Sachs Group boosted their target price on Intercontinental Exchange from $192.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, October 2nd. Finally, Weiss Ratings upgraded Intercontinental Exchange from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $189.25.
Read Our Latest Research Report on ICE
More Intercontinental Exchange News
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Institutional Trading of Intercontinental Exchange
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Intercontinental Exchange in the second quarter valued at approximately $6,245,085,000. State Street Corp raised its stake in shares of Intercontinental Exchange by 1.6% during the 2nd quarter. State Street Corp now owns 25,966,680 shares of the financial services provider's stock worth $3,196,758,000 after purchasing an additional 415,490 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Intercontinental Exchange by 16.1% during the 2nd quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider's stock worth $1,454,209,000 after purchasing an additional 1,634,385 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $714,869,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intercontinental Exchange by 1.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,298,162 shares of the financial services provider's stock valued at $652,257,000 after buying an additional 52,910 shares during the last quarter. Institutional investors own 89.30% of the company's stock.
About Intercontinental Exchange
(
Get Free Report)
Intercontinental Exchange, Inc. (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants. Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.
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