Intercontinental Exchange (NYSE:ICE) Upgraded at StockNews.com

StockNews.com upgraded shares of Intercontinental Exchange (NYSE:ICE) from a sell rating to a hold rating in a research note released on Tuesday.

Several other research analysts have also recently issued reports on the stock. Argus reissued a buy rating and set a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Citigroup upped their target price on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a buy rating in a research report on Thursday, April 4th. Barclays lowered their target price on shares of Intercontinental Exchange from $155.00 to $150.00 and set an overweight rating on the stock in a research report on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an overweight rating in a research report on Friday, May 3rd. Finally, Bank of America lowered their target price on shares of Intercontinental Exchange from $156.00 to $153.00 and set a buy rating on the stock in a research report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $151.29.

Intercontinental Exchange Trading Up 0.2 %

NYSE ICE opened at $141.16 on Tuesday. The stock has a market capitalization of $80.97 billion, a P/E ratio of 32.38, a P/E/G ratio of 2.62 and a beta of 1.06. Intercontinental Exchange has a 52-week low of $104.49 and a 52-week high of $141.59. The firm has a 50-day moving average price of $134.96 and a 200 day moving average price of $133.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. Equities research analysts expect that Intercontinental Exchange will post 5.96 EPS for the current year.

Insider Activity at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,267 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Judith A. Sprieser sold 2,267 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares in the company, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,506 shares of company stock valued at $609,374. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Intercontinental Exchange

Several institutional investors and hedge funds have recently modified their holdings of ICE. Scarborough Advisors LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth approximately $25,000. Annapolis Financial Services LLC raised its stake in Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the period. Redmont Wealth Advisors LLC purchased a new position in Intercontinental Exchange during the first quarter worth approximately $26,000. Fortitude Family Office LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth approximately $28,000. Finally, Stuart Chaussee & Associates Inc. purchased a new position in Intercontinental Exchange during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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.