Intercontinental Exchange, Inc. (NYSE:ICE) Insider Christopher Scott Edmonds Sells 1,000 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) insider Christopher Scott Edmonds sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the sale, the insider now directly owns 14,636 shares in the company, valued at $2,174,909.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Intercontinental Exchange Stock Down 0.1 %

Shares of Intercontinental Exchange stock traded down $0.08 during trading hours on Friday, hitting $147.68. The company had a trading volume of 2,447,890 shares, compared to its average volume of 2,399,479. The company’s 50-day moving average is $138.11 and its two-hundred day moving average is $134.63. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $149.60. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $84.71 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 2.66 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.29 billion during 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 company’s revenue for the quarter was up 20.8% on a year-over-year basis. Analysts anticipate that Intercontinental Exchange, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Barclays upped their target price on shares of Intercontinental Exchange from $150.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Citigroup upped their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Rosenblatt Securities reiterated a “buy” rating and set a $164.00 price target on shares of Intercontinental Exchange in a report on Friday, May 3rd. Finally, Argus reiterated a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.07.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Pettyjohn Wood & White Inc. boosted its stake in Intercontinental Exchange by 0.5% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock worth $2,031,000 after purchasing an additional 75 shares during the period. Busey Bank boosted its stake in Intercontinental Exchange by 3.4% during the 1st quarter. Busey Bank now owns 2,439 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 80 shares during the period. Western Pacific Wealth Management LP boosted its stake in Intercontinental Exchange by 4.9% during the 4th quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 80 shares during the period. Spire Wealth Management boosted its stake in Intercontinental Exchange by 16.4% during the 1st quarter. Spire Wealth Management now owns 582 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 82 shares during the period. Finally, Fortitude Family Office LLC boosted its stake in Intercontinental Exchange by 37.8% during the 2nd quarter. Fortitude Family Office LLC now owns 299 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

About Intercontinental Exchange

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.