William Jefferson Hague Sells 91 Shares of Intercontinental Exchange (NYSE:ICE) Stock

Intercontinental Exchange Inc. (NYSE:ICE) Director William Jefferson Hague sold 91 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $138.50, for a total transaction of $12,603.50. Following the sale, the director owned 21,465 shares of the company’s stock, valued at approximately $2,972,902.50. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Intercontinental Exchange Price Performance

Shares of ICE opened at $140.26 on Friday. The firm has a market cap of $79.32 billion, a PE ratio of 20.42, a P/E/G ratio of 1.33 and a beta of 0.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $154.22 and a two-hundred day simple moving average of $159.27. Intercontinental Exchange Inc. has a 1-year low of $136.67 and a 1-year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. On average, equities analysts anticipate that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Analyst Ratings Changes

ICE has been the subject of a number of research reports. Barclays reiterated an “overweight” rating and set a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Keefe, Bruyette & Woods initiated coverage on shares of Intercontinental Exchange in a research note on Wednesday, April 8th. They set an “outperform” rating and a $190.00 target price for the company. UBS Group reiterated a “buy” rating and set a $205.00 target price on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. Rothschild & Co Redburn set a $177.00 target price on shares of Intercontinental Exchange in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

Institutional Investors Weigh In On Intercontinental Exchange

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ICONIQ Capital LLC increased its stake in shares of Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 56 shares in the last quarter. Mechanics Financial Corp increased its stake in shares of Intercontinental Exchange by 1.0% in the 4th quarter. Mechanics Financial Corp now owns 6,138 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 60 shares in the last quarter. Mission Wealth Management LP increased its stake in shares of Intercontinental Exchange by 2.4% in the 4th quarter. Mission Wealth Management LP now owns 2,611 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 62 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in shares of Intercontinental Exchange by 1.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,384 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 63 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of Intercontinental Exchange by 1.5% in the 4th quarter. Evergreen Capital Management LLC now owns 4,207 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 63 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.