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

Intercontinental Exchange, Inc. (NYSE:ICE) COO Stuart Glen Williams sold 468 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at approximately $2,202,819.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $159.82 on Friday. The company has a fifty day moving average of $155.82 and a two-hundred day moving average of $142.75. The company has a market capitalization of $91.67 billion, a PE ratio of 36.66, a P/E/G 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 announced its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. As a group, analysts expect that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Hedge Funds Weigh In On Intercontinental Exchange

Hedge funds have recently modified their holdings of the business. Heritage Wealth Management Inc. acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $627,000. Sanctuary Advisors LLC purchased a new position in Intercontinental Exchange during the 2nd quarter worth $7,978,000. Brown Financial Advisors acquired a new position in Intercontinental Exchange in the second quarter valued at $726,000. Clearbridge Investments LLC raised its holdings in shares of Intercontinental Exchange by 10.4% in the second quarter. Clearbridge Investments LLC now owns 3,019,195 shares of the financial services provider’s stock valued at $413,298,000 after buying an additional 284,664 shares during the last quarter. Finally, New Century Financial Group LLC boosted its stake in shares of Intercontinental Exchange by 38.6% during the second quarter. New Century Financial Group LLC now owns 2,247 shares of the financial services provider’s stock worth $308,000 after buying an additional 626 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their target price for the company from $143.00 to $167.00 in a report on Monday, July 1st. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. JPMorgan Chase & Co. raised their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Citigroup boosted their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.08.

About Intercontinental Exchange

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.