Insider Selling: Intercontinental Exchange, Inc. (NYSE:ICE) COO Sells 468 Shares of Stock

Intercontinental Exchange, Inc. (NYSE:ICE) COO Stuart Glen Williams sold 468 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at $2,202,819.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Intercontinental Exchange Price Performance

ICE stock opened at $159.84 on Friday. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $163.71. The company has a market cap of $91.68 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 2.81 and a beta of 1.08. The firm has a 50 day moving average of $155.82 and a 200-day moving average of $142.77. 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 released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Intercontinental Exchange

Several hedge funds have recently bought and sold shares of ICE. Scarborough Advisors LLC acquired a new position in Intercontinental Exchange in the 4th quarter valued at about $25,000. Annapolis Financial Services LLC raised its position in shares of 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 buying an additional 163 shares during the last quarter. New Millennium Group LLC purchased a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange during the second quarter worth approximately $25,000. Finally, Fairscale Capital LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter worth approximately $25,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research reports. Barclays raised their price target on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their price target for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.08.

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.