Intercontinental Exchange’s (ICE) Outperform Rating Reaffirmed at Keefe, Bruyette & Woods

Intercontinental Exchange (NYSE:ICE)‘s stock had its “outperform” rating reiterated by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $190.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 14.34% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. UBS Group reiterated a “buy” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Monday, February 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $180.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Morgan Stanley set a $183.00 target price on shares of Intercontinental Exchange and gave the stock an “equal weight” rating in a report on Tuesday, February 10th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $211.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $191.30.

Intercontinental Exchange Trading Down 0.1%

NYSE ICE opened at $166.18 on Wednesday. The company’s 50-day moving average price is $160.87 and its 200-day moving average price is $160.35. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The stock has a market cap of $94.13 billion, a PE ratio of 28.80, a PEG ratio of 1.75 and a beta of 1.03. Intercontinental Exchange has a 12 month low of $143.17 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the business earned $1.52 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Intercontinental Exchange will post 6.73 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 11,303 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the completion of the sale, the insider directly owned 14,266 shares of the company’s stock, valued at approximately $2,194,396.12. This represents a 44.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 3,865 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.73, for a total transaction of $594,166.45. Following the sale, the president directly owned 165,304 shares of the company’s stock, valued at approximately $25,412,183.92. The trade was a 2.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 348,418 shares of company stock valued at $54,196,631. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Intercontinental Exchange

Several hedge funds have recently modified their holdings of ICE. Ares Financial Consulting LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $25,000. Holos Integrated Wealth LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $28,000. Steph & Co. lifted its position in shares of 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 buying an additional 89 shares during the last quarter. Brooklands Fund Management Ltd purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Finally, Swiss RE Ltd. purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

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.