Piper Sandler Increases Intercontinental Exchange (NYSE:ICE) Price Target to $180.00

Intercontinental Exchange (NYSE:ICE) had its target price increased by Piper Sandler from $170.00 to $180.00 in a research note published on Tuesday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

ICE has been the subject of several other research reports. JPMorgan Chase & Co. increased their price target on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an overweight rating in a research report on Monday, September 16th. Barclays increased their target price on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the stock an overweight rating in a report on Monday. The Goldman Sachs Group raised their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a buy rating in a research note on Thursday, October 3rd. TD Cowen began coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a buy rating and a $182.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a hold rating in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $170.67.

Intercontinental Exchange Trading Down 0.7 %

NYSE ICE opened at $160.66 on Tuesday. The firm has a market cap of $92.24 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. Intercontinental Exchange has a 1-year low of $104.49 and a 1-year high of $164.18. The stock has a 50-day moving average of $158.74 and a 200-day moving average of $144.93. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data 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 firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The business’s revenue was up 22.7% on a year-over-year basis. As a group, sell-side analysts forecast that Intercontinental Exchange will post 6.08 EPS for the current year.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 1,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the completion of the transaction, the insider now directly owns 14,636 shares in the company, valued at $2,174,909.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 value of $148,600.00. Following the sale, the insider now owns 14,636 shares in the company, valued at $2,174,909.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,532 shares of company stock worth $1,507,309. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Intercontinental Exchange

Institutional investors and hedge funds have recently modified their holdings of the business. Scarborough Advisors LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth about $25,000. Annapolis Financial Services LLC boosted its holdings in shares of Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the last quarter. New Millennium Group LLC bought a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in Intercontinental Exchange in the second quarter worth approximately $25,000. Finally, Fairscale Capital LLC purchased a new stake in Intercontinental Exchange in the second quarter worth approximately $25,000. 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.