Intercontinental Exchange (NYSE:ICE) SVP Douglas Foley Sells 1,600 Shares

Intercontinental Exchange Inc. (NYSE:ICEGet Free Report) SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $160.00, for a total transaction of $256,000.00. Following the completion of the sale, the senior vice president directly owned 15,863 shares of the company’s stock, valued at $2,538,080. This represents a 9.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Douglas Foley also recently made the following trade(s):

  • On Thursday, August 20th, Douglas Foley sold 1,600 shares of Intercontinental Exchange stock. The stock was sold at an average price of $160.00, for a total transaction of $256,000.00.
  • On Wednesday, August 5th, Douglas Foley sold 7,300 shares of Intercontinental Exchange stock. The stock was sold at an average price of $148.88, for a total transaction of $1,086,824.00.

Intercontinental Exchange Trading Down 1.9%

NYSE:ICE traded down $2.91 on Wednesday, hitting $153.99. The stock had a trading volume of 2,788,716 shares, compared to its average volume of 3,913,662. The company has a fifty day moving average price of $152.00 and a two-hundred day moving average price of $151.73. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $176.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The stock has a market cap of $86.45 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.53 and a beta of 0.93.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 EPS. Equities research analysts expect that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brooklands Fund Management Ltd acquired a new stake in Intercontinental Exchange during the 4th quarter worth $28,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $30,000. Rakuten Securities Inc. purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Intercontinental Exchange by 71.8% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 244 shares of the financial services provider’s stock worth $40,000 after buying an additional 102 shares during the period. Finally, Gables Capital Management Inc. purchased a new position in shares of Intercontinental Exchange during the second quarter worth about $31,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ICE. Wall Street Zen cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. Weiss Ratings lowered shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $178.00 target price on shares of Intercontinental Exchange in a research report on Friday, July 31st. Piper Sandler lowered their target price on shares of Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $184.17.

Get Our Latest Analysis on Intercontinental Exchange

About Intercontinental Exchange

(Get Free Report)

Intercontinental Exchange, Inc (NYSE: ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces for trading and clearing a range of financial and commodity products, including energy, agricultural commodities, interest rates, credit and equities.

ICE owns and operates the New York Stock Exchange and related equity markets, as well as futures and options exchanges in North America and Europe. Its businesses also include ICE Data Services, which provides market data, analytics, connectivity and other information services to financial institutions and corporations.

Through ICE Mortgage Technology, the company offers software and digital platforms designed to support residential mortgage origination, processing, servicing and related workflows.

Further Reading

Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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