Insider Selling: Intercontinental Exchange, Inc. (NYSE:ICE) General Counsel Sells 1,898 Shares of Stock

Intercontinental Exchange, Inc. (NYSE:ICE) General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now owns 46,815 shares in the company, valued at approximately $6,397,737.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Intercontinental Exchange Trading Down 0.4 %

NYSE ICE opened at $136.89 on Monday. The stock has a market capitalization of $78.52 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.55 and a beta of 1.06. The stock’s 50 day moving average price is $134.52 and its two-hundred day moving average price is $132.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $140.43.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The business’s revenue was up 20.8% compared to the same quarter last year. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intercontinental Exchange

Large investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its holdings in shares of Intercontinental Exchange by 19.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 24,071 shares of the financial services provider’s stock worth $2,648,000 after purchasing an additional 3,863 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth $3,569,000. Qube Research & Technologies Ltd grew its holdings in shares of Intercontinental Exchange by 289.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 344,008 shares of the financial services provider’s stock worth $37,848,000 after purchasing an additional 255,702 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Intercontinental Exchange by 115.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 22,263 shares of the financial services provider’s stock worth $2,449,000 after buying an additional 11,949 shares during the last quarter. Finally, Morningstar Investment Services LLC lifted its position in shares of Intercontinental Exchange by 3.8% during the 3rd quarter. Morningstar Investment Services LLC now owns 3,931 shares of the financial services provider’s stock worth $436,000 after buying an additional 145 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ICE shares. Argus reiterated a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods cut their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Barclays cut their price objective on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $164.00 price objective on shares of Intercontinental Exchange in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $148.29.

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.