Intercontinental Exchange (NYSE:ICE) Stock: Insider Sharon Bowen Sells 2,100 Shares

Intercontinental Exchange Inc. (NYSE:ICE) Director Sharon Bowen sold 2,100 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $174.51, for a total value of $366,471.00. Following the transaction, the director owned 12,977 shares of the company’s stock, valued at $2,264,616.27. This represents a 13.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Intercontinental Exchange Stock Performance

NYSE ICE traded down $2.79 during trading hours on Thursday, hitting $177.80. The company had a trading volume of 2,977,146 shares, compared to its average volume of 3,768,874. Intercontinental Exchange Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $181.38. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $159.63 and a 200-day simple moving average of $154.70. The firm has a market cap of $99.36 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 1.55 and a beta of 0.84.

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

Institutional Trading of Intercontinental Exchange

Institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. bought a new position in Intercontinental Exchange during the 2nd quarter valued at $26,000. Gables Capital Management Inc. bought a new stake in shares of Intercontinental Exchange in the 2nd quarter worth $31,000. James T. Borello RIA raised its stake in shares of Intercontinental Exchange by 143.0% in the 3rd 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. Hughes Financial Services LLC lifted its holdings in shares of Intercontinental Exchange by 64.4% in the third quarter. Hughes Financial Services LLC now owns 194 shares of the financial services provider’s stock valued at $32,000 after buying an additional 76 shares during the period. Finally, Fiduciary Financial Advisors acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at $33,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Intercontinental Exchange from $167.00 to $182.00 and gave the company a “hold” rating in a research report on Friday, October 30th. Wells Fargo & Company upped their target price on shares of Intercontinental Exchange from $160.00 to $167.00 and gave the stock an “underweight” rating in a research report on Friday, October 30th. Rothschild & Co Redburn raised their price target on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Finally, Raymond James Financial reduced their price objective on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating for the company in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $189.25.

Intercontinental Exchange Company Profile

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.