Intercontinental Exchange Inc. (NYSE:ICE – Get Free Report) CTO Mayur Kapani sold 4,271 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $151.20, for a total transaction of $645,775.20. Following the completion of the transaction, the chief technology officer owned 67,988 shares in the company, valued at $10,279,785.60. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Intercontinental Exchange Trading Down 0.4%
Shares of ICE stock opened at $154.55 on Friday. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $182.86. The firm has a fifty day moving average price of $140.59 and a 200-day moving average price of $152.26. 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 company has a market cap of $86.76 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.52 and a beta of 0.92.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.Intercontinental Exchange’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 EPS. As a group, equities analysts predict that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.
Institutional Trading of Intercontinental Exchange
Analysts Set New Price Targets
A number of research analysts have recently weighed in on ICE shares. Barclays reaffirmed an “overweight” rating and set a $182.00 price objective (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. TD Cowen restated a “buy” rating and set a $177.00 target price (up from $159.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a report on Thursday, June 11th. Wall Street Zen lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Raymond James Financial set a $208.00 price objective on shares of Intercontinental Exchange in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.33.
Check Out Our Latest Stock Analysis on ICE
Intercontinental Exchange Company Profile
Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.
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