Intercontinental Exchange, Inc. (NYSE:ICE) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Intercontinental Exchange, Inc. (NYSE:ICE) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $175.07.

Several research firms recently commented on ICE. TD Cowen began coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Barclays lifted their price objective on Intercontinental Exchange from $173.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Morgan Stanley upped their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange 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 owns 13,530 shares in the company, valued at $2,202,819.30. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,946 shares of company stock valued at $1,433,486 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ICE. Diversified Trust Co bought a new position in Intercontinental Exchange in the 2nd quarter worth $214,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Intercontinental Exchange by 6.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,287 shares of the financial services provider’s stock worth $3,188,000 after acquiring an additional 1,310 shares during the period. ORG Partners LLC grew its position in shares of Intercontinental Exchange by 1,652.9% during the second quarter. ORG Partners LLC now owns 596 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 562 shares in the last quarter. Swedbank AB raised its stake in Intercontinental Exchange by 5.4% during the 2nd quarter. Swedbank AB now owns 84,942 shares of the financial services provider’s stock valued at $11,628,000 after purchasing an additional 4,359 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Intercontinental Exchange by 819.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after purchasing an additional 122,169 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Trading Down 0.1 %

Shares of ICE opened at $158.20 on Thursday. Intercontinental Exchange has a 1-year low of $116.21 and a 1-year high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $160.23 and its 200-day moving average price is $153.05. The firm has a market capitalization of $90.83 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.58 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 EPS. Sell-side analysts anticipate that Intercontinental Exchange will post 6.07 EPS for the current year.

Intercontinental Exchange Company Profile

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.