Intercontinental Exchange (NYSE:ICE) Director William Jefferson Hague Sells 91 Shares

Intercontinental Exchange Inc. (NYSE:ICE) Director William Jefferson Hague sold 91 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $138.50, for a total value of $12,603.50. Following the sale, the director owned 21,465 shares of the company’s stock, valued at approximately $2,972,902.50. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercontinental Exchange Trading Down 1.0%

Shares of NYSE:ICE opened at $138.99 on Friday. Intercontinental Exchange Inc. has a 12-month low of $136.67 and a 12-month high of $189.35. The stock has a market cap of $78.60 billion, a PE ratio of 20.23, a P/E/G ratio of 1.35 and a beta of 0.92. The business has a 50 day moving average of $154.58 and a 200-day moving average of $159.41. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

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

Institutional Investors Weigh In On Intercontinental Exchange

A number of hedge funds and other institutional investors have recently made changes to their positions in ICE. Ares Financial Consulting LLC acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $25,000. Brooklands Fund Management Ltd acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $28,000. Dorato Capital Management acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $29,000. Swiss RE Ltd. acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $28,000. Finally, Steph & Co. raised its position in Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 89 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ICE. Piper Sandler reiterated an “overweight” rating and issued a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a research report on Friday, March 6th. UBS Group reiterated a “buy” rating and issued a $205.00 price target on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. Finally, Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.