Stuart Glen Williams Sells 468 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) COO Stuart Glen Williams sold 468 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the sale, the chief operating officer now owns 13,530 shares in the company, valued at $2,202,819.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Intercontinental Exchange Stock Up 0.6 %

Shares of NYSE ICE opened at $159.84 on Friday. The business has a 50-day moving average of $155.82 and a two-hundred day moving average of $142.77. The company has a market capitalization of $91.68 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $163.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Citigroup boosted their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $158.08.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Scarborough Advisors LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth $25,000. Annapolis Financial Services LLC grew its holdings in shares of Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange during the second quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

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.