Intercontinental Exchange (NYSE:ICE) Director Sells $100,903.76 in Stock

Intercontinental Exchange Inc. (NYSE:ICE) Director Sharon Bowen sold 667 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the completion of the transaction, the director owned 15,077 shares in the company, valued at $2,280,848.56. This trade represents a 4.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Intercontinental Exchange Trading Down 0.7%

Shares of NYSE:ICE traded down $1.13 during mid-day trading on Wednesday, hitting $149.52. The company had a trading volume of 3,525,807 shares, compared to its average volume of 3,607,154. The firm has a fifty day moving average price of $158.06 and a 200 day moving average price of $160.15. The company has a market capitalization of $84.55 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share 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 net margin of 30.06% and a return on equity of 14.99%. Intercontinental Exchange’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.72 EPS. As a group, research analysts forecast that Intercontinental Exchange Inc. will post 8.15 EPS for the current year.

Institutional Investors Weigh In On Intercontinental Exchange

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ares Financial Consulting LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Brooklands Fund Management Ltd bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $28,000. Dorato Capital Management bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $29,000. Swiss RE Ltd. bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $28,000. Finally, Steph & Co. grew its holdings in shares of Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Friday, March 6th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods assumed coverage on shares of Intercontinental Exchange in a report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Buy” and an average target price of $194.60.

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.