Intercontinental Exchange, Inc. (NYSE:ICE) Receives $148.29 Consensus Price Target from Analysts

Shares of Intercontinental Exchange, Inc. (NYSE:ICE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $148.29.

ICE has been the topic of a number of research reports. Argus restated a “buy” rating and issued a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday, May 21st. JPMorgan Chase & Co. raised their price target on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Barclays decreased their price objective on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Citigroup raised their target price on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a report on Friday, May 3rd.

Insider Buying and Selling at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,238 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total transaction of $307,411.68. Following the completion of the transaction, the director now owns 29,347 shares of the company’s stock, valued at $4,031,103.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,238 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $137.36, for a total transaction of $307,411.68. Following the completion of the sale, the director now owns 29,347 shares of the company’s stock, valued at $4,031,103.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were purchased at an average price of $0.87 per share, with a total value of $305,265.60. Following the acquisition, the insider now directly owns 649,934 shares in the company, valued at approximately $565,442.58. The disclosure for this purchase can be found here. Insiders sold 63,234 shares of company stock worth $8,668,823 in the last 90 days. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intercontinental Exchange

Several hedge funds and other institutional investors have recently made changes to their positions in ICE. Pettyjohn Wood & White Inc. raised its stake in shares of Intercontinental Exchange by 0.5% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 75 shares during the period. Busey Bank increased its stake in Intercontinental Exchange by 3.4% during the 1st quarter. Busey Bank now owns 2,439 shares of the financial services provider’s stock worth $335,000 after buying an additional 80 shares during the period. Western Pacific Wealth Management LP boosted its position in Intercontinental Exchange by 4.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock valued at $220,000 after buying an additional 80 shares during the last quarter. Spire Wealth Management boosted its position in Intercontinental Exchange by 16.4% in the 1st quarter. Spire Wealth Management now owns 582 shares of the financial services provider’s stock valued at $80,000 after buying an additional 82 shares during the last quarter. Finally, PDS Planning Inc grew its stake in shares of Intercontinental Exchange by 2.8% during the first quarter. PDS Planning Inc now owns 3,092 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.6 %

NYSE:ICE opened at $138.72 on Thursday. The stock has a market capitalization of $79.57 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.55 and a beta of 1.06. Intercontinental Exchange has a 1 year low of $104.49 and a 1 year high of $140.43. The stock has a fifty day moving average price of $133.99 and a two-hundred day moving average price of $132.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The firm’s revenue was up 20.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Intercontinental Exchange will post 5.96 earnings per share for the current fiscal year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.