Intercontinental Exchange (NYSE:ICE) Director Judith Sprieser Sells 3,700 Shares of Stock

Intercontinental Exchange Inc. (NYSE:ICE) Director Judith Sprieser sold 3,700 shares of Intercontinental Exchange stock in a transaction on Friday, December 5th. The stock was sold at an average price of $157.96, for a total value of $584,452.00. Following the transaction, the director directly owned 14,469 shares of the company’s stock, valued at $2,285,523.24. This trade represents a 20.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $158.17 on Wednesday. The stock has a market cap of $90.19 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 2.38 and a beta of 1.04. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35. The company’s 50-day moving average price is $154.97 and its 200 day moving average price is $170.43. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results 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. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the business posted $1.55 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intercontinental Exchange

Several hedge funds have recently made changes to their positions in ICE. Norges Bank purchased a new position in Intercontinental Exchange during the second quarter worth about $1,542,780,000. Price T Rowe Associates Inc. MD increased its stake in shares of Intercontinental Exchange by 491.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider’s stock valued at $1,109,780,000 after acquiring an additional 5,345,388 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Intercontinental Exchange by 64.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock worth $1,744,480,000 after acquiring an additional 4,067,922 shares during the period. Sands Capital Management LLC boosted its position in shares of Intercontinental Exchange by 97.3% in the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock worth $974,783,000 after acquiring an additional 2,620,310 shares during the last quarter. Finally, C WorldWide Group Holding A S boosted its position in shares of Intercontinental Exchange by 29,199.5% in the second quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock worth $303,129,000 after acquiring an additional 1,646,562 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods upgraded Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Morgan Stanley decreased their price objective on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Finally, Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price objective for the company in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $194.70.

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.