Shares of Intercontinental Exchange Inc (NYSE:ICE) have been assigned an average rating of “Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $67.75.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada raised shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $70.00 in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $73.00 price objective (up previously from $70.00) on shares of Intercontinental Exchange in a research note on Monday, July 17th. Finally, Barclays PLC assumed coverage on shares of Intercontinental Exchange in a research note on Friday. They set an “overweight” rating and a $72.00 price objective on the stock.
In other Intercontinental Exchange news, insider Charles A. Vice sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $66.33, for a total transaction of $994,950.00. Following the transaction, the insider now owns 384,971 shares of the company’s stock, valued at $25,535,126.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Charles A. Vice sold 12,500 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $64.32, for a total transaction of $804,000.00. Following the transaction, the insider now directly owns 382,471 shares in the company, valued at approximately $24,600,534.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,420 shares of company stock worth $8,987,176. 1.50% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. WFG Advisors LP raised its stake in Intercontinental Exchange by 10.1% during the second quarter. WFG Advisors LP now owns 11,699 shares of the financial services provider’s stock worth $771,000 after purchasing an additional 1,075 shares during the period. Toronto Dominion Bank raised its stake in Intercontinental Exchange by 25.4% during the second quarter. Toronto Dominion Bank now owns 201,609 shares of the financial services provider’s stock worth $13,287,000 after purchasing an additional 40,863 shares during the period. Cetera Investment Advisers purchased a new position in Intercontinental Exchange during the second quarter worth approximately $219,000. Advisory Services Network LLC raised its stake in Intercontinental Exchange by 0.5% during the second quarter. Advisory Services Network LLC now owns 15,419 shares of the financial services provider’s stock worth $1,016,000 after purchasing an additional 76 shares during the period. Finally, Tandem Investment Advisors Inc. raised its stake in Intercontinental Exchange by 4.3% during the second quarter. Tandem Investment Advisors Inc. now owns 132,638 shares of the financial services provider’s stock worth $8,743,000 after purchasing an additional 5,458 shares during the period. 89.74% of the stock is currently owned by institutional investors.
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Intercontinental Exchange (NYSE:ICE) traded up 0.84% on Friday, reaching $66.26. 624,958 shares of the company’s stock were exchanged. Intercontinental Exchange has a 12-month low of $52.27 and a 12-month high of $67.48. The company has a market cap of $7.62 billion, a P/E ratio of 24.55 and a beta of 0.72. The firm has a 50 day moving average of $65.44 and a 200-day moving average of $62.50.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Equities analysts expect that Intercontinental Exchange will post $2.94 EPS for the current fiscal year.
Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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