Intercontinental Exchange (NYSE:ICE) CFO Warren Gardiner Sells 2,490 Shares of Stock

Intercontinental Exchange Inc. (NYSE:ICE) CFO Warren Gardiner sold 2,490 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total transaction of $390,033.60. Following the completion of the transaction, the chief financial officer owned 25,189 shares of the company’s stock, valued at $3,945,604.96. This represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Warren Gardiner also recently made the following trade(s):

• On Thursday, February 19th, Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock. The stock was sold at an average price of $154.00, for a total transaction of $383,460.00.

Intercontinental Exchange Stock Performance

ICE opened at $151.61 on Thursday. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. 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 company has a market cap of $85.74 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.42 and a beta of 0.96. The firm’s 50-day moving average price is $158.58 and its 200-day moving average price is $159.98.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts anticipate that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Intercontinental Exchange

Hedge funds have recently bought and sold shares of the stock. Ares Financial Consulting LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Steph & Co. boosted its position in Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares in the last quarter. Brooklands Fund Management Ltd purchased a new stake in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Finally, Swiss RE Ltd. purchased a new stake in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Piper Sandler restated an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Barclays reiterated an “overweight” rating and issued a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research report on Friday, May 1st. Finally, Keefe, Bruyette & Woods assumed coverage on Intercontinental Exchange in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $194.60.

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.