Intercontinental Exchange (NYSE:ICE) Director Sells $185,900.18 in Stock

Intercontinental Exchange Inc. (NYSE:ICE) Director William Jefferson Hague sold 1,333 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $139.46, for a total value of $185,900.18. Following the transaction, the director directly owned 20,132 shares in the company, valued at $2,807,608.72. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

William Jefferson Hague also recently made the following trade(s):

• On Tuesday, June 9th, William Jefferson Hague sold 91 shares of Intercontinental Exchange stock. The shares were sold at an average price of $138.50, for a total value of $12,603.50.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $133.76 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The firm’s fifty day simple moving average is $152.03 and its 200 day simple moving average is $158.77. The stock has a market cap of $75.64 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 1.29 and a beta of 0.92. Intercontinental Exchange Inc. has a twelve month low of $132.84 and a twelve month high of $189.35.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ICE. Western Wealth Management LLC increased its position in shares of Intercontinental Exchange by 275.0% during the first quarter. Western Wealth Management LLC now owns 8,952 shares of the financial services provider’s stock valued at $1,408,000 after acquiring an additional 6,565 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Intercontinental Exchange in the 1st quarter worth $11,498,000. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of Intercontinental Exchange by 5.3% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 27,108 shares of the financial services provider’s stock worth $4,264,000 after purchasing an additional 1,360 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Intercontinental Exchange by 3.5% in the first quarter. Parallel Advisors LLC now owns 7,042 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 236 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Intercontinental Exchange by 41.3% during the first quarter. NewEdge Advisors LLC now owns 39,775 shares of the financial services provider’s stock valued at $6,256,000 after buying an additional 11,624 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating and issued a $205.00 target price on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. Rothschild & Co Redburn set a $177.00 price target on Intercontinental Exchange in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a report on Friday, March 6th. Keefe, Bruyette & Woods began coverage on shares of Intercontinental Exchange in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price target for the company. Finally, Barclays reaffirmed an “overweight” rating and set a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. One 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 stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

About Intercontinental Exchange

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.