Intercontinental Exchange (NYSE:ICE) CFO Warren Gardiner Sells 1,572 Shares

Intercontinental Exchange Inc. (NYSE:ICE) CFO Warren Gardiner sold 1,572 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total transaction of $241,537.80. Following the completion of the sale, the chief financial officer owned 20,534 shares of the company’s stock, valued at $3,155,049.10. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Intercontinental Exchange Stock Down 1.0%

ICE traded down $1.52 during midday trading on Monday, hitting $152.91. The company had a trading volume of 4,111,167 shares, compared to its average volume of 3,197,919. The stock’s 50 day moving average price is $158.04 and its 200 day moving average price is $171.99. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35. The company has a market capitalization of $87.19 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.11 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.71. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

ICE has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Exchange in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. TD Cowen dropped their price objective on shares of Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Raymond James Financial raised shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target on the stock in a research report on Monday, October 13th. Finally, Morgan Stanley cut their price target on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of “Buy” and an average target price of $194.70.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors and hedge funds have recently added to or reduced their stakes in ICE. Princeton Global Asset Management LLC bought a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $28,000. Activest Wealth Management lifted its holdings in Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 162 shares during the period. Westside Investment Management Inc. purchased a new position in Intercontinental Exchange in the second quarter worth $29,000. McClarren Financial Advisors Inc. bought a new position in Intercontinental Exchange in the 1st quarter valued at $30,000. Finally, Private Wealth Management Group LLC boosted its holdings in shares of Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

About Intercontinental Exchange

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.