Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) CEO Jeffrey C. Sprecher sold 87,377 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $94.95, for a total value of $8,296,446.15. Following the completion of the transaction, the chief executive officer now directly owns 1,255,207 shares of the company’s stock, valued at approximately $119,181,904.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Intercontinental Exchange Price Performance
Shares of NYSE ICE traded up $0.45 during trading hours on Thursday, reaching $94.06. 2,591,570 shares of the stock traded hands, compared to its average volume of 3,000,535. The company has a market capitalization of $52.53 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 3.42 and a beta of 0.89. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.79. Intercontinental Exchange, Inc. has a 52-week low of $90.05 and a 52-week high of $139.79. The company’s 50-day simple moving average is $102.24 and its two-hundred day simple moving average is $108.08.
Intercontinental Exchange (NYSE:ICE – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The financial services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.01. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Intercontinental Exchange had a return on equity of 13.52% and a net margin of 35.58%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 5.36 EPS for the current year.
Intercontinental Exchange Dividend Announcement
Analyst Ratings Changes
Several brokerages have commented on ICE. UBS Group lowered their target price on Intercontinental Exchange from $134.00 to $126.00 in a research note on Monday, July 11th. Raymond James lowered their target price on Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating for the company in a research note on Wednesday, June 22nd. Argus lowered their target price on Intercontinental Exchange from $148.00 to $138.00 in a research note on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, Atlantic Securities upped their price objective on Intercontinental Exchange from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, August 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.75.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of ICE. Renaissance Technologies LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth $23,674,000. Gamco Investors INC. ET AL purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth $285,000. Fiduciary Trust Co. raised its stake in shares of Intercontinental Exchange by 5.6% in the fourth quarter. Fiduciary Trust Co. now owns 11,932 shares of the financial services provider’s stock worth $1,632,000 after purchasing an additional 633 shares during the last quarter. Gotham Asset Management LLC raised its stake in shares of Intercontinental Exchange by 144.1% in the fourth quarter. Gotham Asset Management LLC now owns 12,857 shares of the financial services provider’s stock worth $1,758,000 after purchasing an additional 7,589 shares during the last quarter. Finally, Siemens Fonds Invest GmbH raised its stake in shares of Intercontinental Exchange by 1.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 8,565 shares of the financial services provider’s stock worth $1,172,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.
About Intercontinental Exchange
Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
- Get a free copy of the StockNews.com research report on Intercontinental Exchange (ICE)
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