Intercontinental Exchange Inc. (NYSE:ICE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Intercontinental Exchange Inc. (NYSE:ICE) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $191.8182.

Several equities analysts have commented on ICE shares. Raymond James Financial raised shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target for the company in a research report on Monday, October 13th. UBS Group reduced their price objective on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Piper Sandler upped their price target on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Finally, TD Cowen decreased their price objective on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, October 31st.

Insider Transactions at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $175.62, for a total value of $280,992.00. Following the completion of the transaction, the senior vice president owned 25,796 shares in the company, valued at $4,530,293.52. The trade was a 5.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 2,900 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the sale, the director directly owned 18,169 shares in the company, valued at approximately $3,170,672.19. This represents a 13.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 240,162 shares of company stock valued at $43,642,652 over the last quarter. Insiders own 1.00% of the company’s stock.

Institutional Trading of Intercontinental Exchange

A number of institutional investors have recently bought and sold shares of ICE. Optivise Advisory Services LLC raised its position in shares of Intercontinental Exchange by 3.1% during the 2nd quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 54 shares in the last quarter. ICONIQ Capital LLC increased its stake in Intercontinental Exchange by 2.2% in the second quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 56 shares during the last quarter. Tritonpoint Wealth LLC raised its holdings in Intercontinental Exchange by 1.4% during the second quarter. Tritonpoint Wealth LLC now owns 4,347 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 58 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Intercontinental Exchange by 5.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 58 shares in the last quarter. Finally, RB Capital Management LLC lifted its position in shares of Intercontinental Exchange by 1.3% during the 2nd quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider’s stock worth $841,000 after buying an additional 59 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $148.93 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $84.92 billion, a P/E ratio of 28.59, a P/E/G ratio of 2.11 and a beta of 1.06. The stock has a 50-day moving average of $162.47 and a two-hundred day moving average of $173.11. Intercontinental Exchange has a 1-year low of $142.29 and a 1-year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates 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 for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 earnings per share. As a group, analysts anticipate that Intercontinental Exchange will post 6.73 EPS for the current year.

Intercontinental Exchange Company Profile

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.