Intercontinental Exchange (NYSE:ICE) Director Sells $12,603.50 in Stock

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

Intercontinental Exchange Price Performance

NYSE:ICE opened at $140.26 on Friday. The firm has a market capitalization of $79.32 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.35 and a beta of 0.92. Intercontinental Exchange Inc. has a 52-week low of $136.67 and a 52-week high of $189.35. The stock has a fifty day moving average of $154.22 and a 200 day moving average of $159.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

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

Institutional Investors Weigh In On Intercontinental Exchange

Several hedge funds have recently added to or reduced their stakes in ICE. Brighton Jones LLC lifted its stake in Intercontinental Exchange by 51.3% during the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 1,169 shares during the last quarter. Empowered Funds LLC lifted its stake in Intercontinental Exchange by 9.0% during the first quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 1,189 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Intercontinental Exchange by 16.2% during the second quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 289 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Intercontinental Exchange by 27.9% during the second quarter. NewEdge Advisors LLC now owns 21,213 shares of the financial services provider’s stock worth $3,892,000 after purchasing an additional 4,628 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Intercontinental Exchange by 2.4% during the second quarter. Treasurer of the State of North Carolina now owns 266,496 shares of the financial services provider’s stock worth $48,894,000 after purchasing an additional 6,373 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ICE. UBS Group reissued a “buy” rating and set a $205.00 price objective on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft raised 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. Piper Sandler reissued an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a research note on Wednesday, April 15th. Finally, Barclays reissued an “overweight” rating and set a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $193.00.

Intercontinental Exchange Company Profile

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.