Mayur Kapani Sells 395 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) CTO Mayur Kapani sold 395 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $141.13, for a total transaction of $55,746.35. Following the completion of the sale, the chief technology officer now directly owns 64,471 shares of the company’s stock, valued at $9,098,792.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE traded up $1.94 on Wednesday, reaching $144.40. The company’s stock had a trading volume of 2,873,935 shares, compared to its average volume of 2,356,163. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $144.47. The company has a market cap of $82.83 billion, a P/E ratio of 32.67, a PEG ratio of 2.63 and a beta of 1.06. The company has a 50-day simple moving average of $135.81 and a 200 day simple moving average of $133.74. 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 (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting analysts’ consensus estimates of $1.48. The business 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 business’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors have recently made changes to their positions in ICE. Wellington Management Group LLP lifted its holdings in shares of Intercontinental Exchange by 219.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after acquiring an additional 8,348,126 shares during the last quarter. Norges Bank bought a new stake in Intercontinental Exchange during the 4th quarter valued at about $839,259,000. Vanguard Group Inc. lifted its holdings in Intercontinental Exchange by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock valued at $6,978,218,000 after buying an additional 3,536,913 shares in the last quarter. Capital World Investors lifted its holdings in Intercontinental Exchange by 35.6% during the 4th quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock valued at $1,238,559,000 after buying an additional 2,530,119 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Intercontinental Exchange by 303.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider’s stock valued at $305,832,000 after buying an additional 1,790,493 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Bank of America reduced their price objective on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Argus reissued a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $151.43.

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.