Intercontinental Exchange, Inc. (NYSE:ICE) Receives $162.47 Average PT from Analysts

Intercontinental Exchange, Inc. (NYSE:ICE) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Two research 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. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $167.80.

ICE has been the topic of several analyst reports. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Bank of America lifted their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Raymond James lifted their price target on Intercontinental Exchange from $174.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday.

Intercontinental Exchange Trading Down 0.3 %

ICE opened at $162.74 on Friday. The firm has a market cap of $93.35 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. Intercontinental Exchange has a 52 week low of $104.49 and a 52 week high of $164.18. The business’s 50 day moving average is $158.16 and its two-hundred day moving average is $144.36. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the business posted $1.43 EPS. The company’s revenue was up 22.7% on a year-over-year basis. On average, research analysts predict that Intercontinental Exchange will post 6.04 EPS for the current year.

Insider Buying and Selling

In other news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at $2,675,400. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at $2,675,400. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Mayur Kapani sold 395 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the completion of the transaction, the chief technology officer now directly owns 64,471 shares of the company’s stock, valued at approximately $9,098,792.23. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,316 shares of company stock valued at $9,835,609. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Intercontinental Exchange

Institutional investors have recently made changes to their positions in the stock. Scarborough Advisors LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at $25,000. Annapolis Financial Services LLC increased its stake in Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. New Millennium Group LLC acquired a new position in Intercontinental Exchange in the second quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Intercontinental Exchange in the second quarter valued at $25,000. Finally, Fairscale Capital LLC acquired a new position in Intercontinental Exchange in the second quarter valued at $25,000. 89.30% of the stock is owned by institutional investors and hedge funds.

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.