Insider Selling: Intercontinental Exchange (NYSE:ICE) Director Sells 141 Shares of Stock

Intercontinental Exchange Inc. (NYSE:ICEGet Free Report) Director Martha Tirinnanzi sold 141 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $155.00, for a total transaction of $21,855.00. Following the transaction, the director owned 5,087 shares of the company’s stock, valued at $788,485. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Intercontinental Exchange Stock Performance

Shares of ICE traded down $0.11 during trading hours on Monday, hitting $154.62. The company’s stock had a trading volume of 2,639,583 shares, compared to its average volume of 3,997,333. The business has a 50 day simple moving average of $140.59 and a two-hundred day simple moving average of $152.10. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $181.72. 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 $86.80 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 1.52 and a beta of 0.92.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ICE. Ares Financial Consulting LLC bought a new stake in Intercontinental Exchange during the fourth quarter valued at $25,000. Rakuten Securities Inc. purchased a new position in Intercontinental Exchange during the second quarter worth about $26,000. Brooklands Fund Management Ltd bought a new position in Intercontinental Exchange in the 4th quarter worth about $28,000. Swiss RE Ltd. bought a new position in Intercontinental Exchange in the 4th quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $30,000. Institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ICE shares. Barclays restated an “overweight” rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Piper Sandler reduced their price target on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley decreased their price objective on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Wall Street Zen cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Raymond James Financial set a $208.00 target price on Intercontinental Exchange in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $183.33.

Get Our Latest Stock Report on ICE

Intercontinental Exchange Company Profile

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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.

Further Reading

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

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