Intercontinental Exchange (NYSE:ICE) Stock: Insider Benjamin Jackson Sells 400 Shares

Intercontinental Exchange Inc. (NYSE:ICE) President Benjamin Jackson sold 400 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $177.90, for a total transaction of $71,160.00. Following the completion of the transaction, the president owned 156,532 shares of the company’s stock, valued at $27,847,042.80. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Benjamin Jackson also recently made the following trade(s):

• On Wednesday, November 4th, Benjamin Jackson sold 7,332 shares of Intercontinental Exchange stock. The stock was sold at an average price of $175.01, for a total transaction of $1,283,173.32.
• On Tuesday, September 1st, Benjamin Jackson sold 12,862 shares of Intercontinental Exchange stock. The stock was sold at an average price of $160.09, for a total transaction of $2,059,077.58.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $172.28 on Friday. The firm’s 50 day simple moving average is $158.67 and its 200 day simple moving average is $154.64. The firm has a market capitalization of $96.28 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.52 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $177.94.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.97 by $0.05. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the business earned $1.71 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. As a group, research analysts expect that Intercontinental Exchange Inc. will post 8.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intercontinental Exchange

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hughes Financial Services LLC grew its stake in shares of Intercontinental Exchange by 64.4% during the third quarter. Hughes Financial Services LLC now owns 194 shares of the financial services provider’s stock worth $32,000 after buying an additional 76 shares during the last quarter. James T. Borello RIA increased its holdings in shares of Intercontinental Exchange by 143.0% during the third quarter. James T. Borello RIA now owns 209 shares of the financial services provider’s stock worth $32,000 after buying an additional 123 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $26,000. Joseph Group Capital Management lifted its stake in shares of Intercontinental Exchange by 55.4% in the 3rd quarter. Joseph Group Capital Management now owns 244 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 87 shares during the last quarter. Finally, Gables Capital Management Inc. bought a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $31,000. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ICE. Bank of America lifted their price target on Intercontinental Exchange from $232.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Rothschild & Co Redburn raised their price objective on Intercontinental Exchange from $173.00 to $181.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. The Goldman Sachs Group lifted their target price on Intercontinental Exchange from $192.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Finally, Jefferies Financial Group lowered their target price on Intercontinental Exchange from $189.00 to $185.00 in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus target price of $189.25.

Key Headlines Impacting Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: ICE is backing a U.S. perpetual-futures market built on Hyperliquid infrastructure, a potential expansion of its digital-asset offerings. ICE backs US perpetual futures market built on Hyperliquid infrastructure
• Positive Sentiment: Twenty-four ETFs added ICE shares on Nov. 3, suggesting added demand from fund portfolios. 24 ETFs Add to Intercontinental Exchange on Nov. 3
• Positive Sentiment: An analyst valuation assessment put ICE’s fair value slightly higher, while also considering growth prospects and risks. Intercontinental Exchange Stock Fair Value Edges Higher As Analysts Weigh Growth And Risks
• Neutral Sentiment: ICE recently reached a record high, reflecting strong share-price momentum, though the milestone itself does not establish a new fundamental catalyst. Intercontinental Exchange Reaches a Fresh All-Time High
• Neutral Sentiment: CFO Warren Gardiner is scheduled to present at the J.P. Morgan Ultimate Services Investor Conference on Nov. 17; no new financial guidance is noted. CFO Warren Gardiner to Present at Investor Conference
• Negative Sentiment: Apple, Amazon and Tesla reportedly oppose participation in an NYSE-parent-backed blockchain stock venue, raising questions about adoption of ICE’s tokenized-equities initiative. Can Companies Stop Their Shares From Being Tokenized?
• Negative Sentiment: Several ICE executives reported share sales totaling about $2.35 million, including President Benjamin Jackson and Chief Accounting Officer James Namkung. The sales may weigh on sentiment, although executives retained substantial holdings; insider sales alone do not establish a negative outlook. SEC insider transaction filing

About Intercontinental Exchange

Intercontinental Exchange, Inc (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants.

Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.