Intercontinental Exchange, Inc. (NYSE:ICE) CAO James W. Namkung Sells 1,043 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) CAO James W. Namkung sold 1,043 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at approximately $2,675,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Intercontinental Exchange Trading Up 1.3 %

NYSE:ICE traded up $1.97 during mid-day trading on Friday, reaching $151.00. The company’s stock had a trading volume of 2,066,929 shares, compared to its average volume of 2,416,380. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $151.72. The company’s fifty day simple moving average is $139.41 and its two-hundred day simple moving average is $135.40. The stock has a market cap of $86.61 billion, a P/E ratio of 34.63, a P/E/G ratio of 2.62 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the business earned $1.41 EPS. Intercontinental Exchange’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6 EPS for the current year.

Institutional Investors Weigh In On Intercontinental Exchange

A number of institutional investors have recently made changes to their positions in the company. WealthShield Partners LLC increased its holdings in shares of Intercontinental Exchange by 6.8% in the 2nd quarter. WealthShield Partners LLC now owns 24,361 shares of the financial services provider’s stock valued at $3,335,000 after acquiring an additional 1,544 shares during the last quarter. Atomi Financial Group Inc. boosted its position in Intercontinental Exchange by 59.3% during the 2nd quarter. Atomi Financial Group Inc. now owns 3,619 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 1,347 shares during the period. Groesbeck Investment Management Corp NJ boosted its position in Intercontinental Exchange by 32.7% during the 2nd quarter. Groesbeck Investment Management Corp NJ now owns 6,588 shares of the financial services provider’s stock valued at $902,000 after purchasing an additional 1,625 shares during the period. Aspen Investment Management Inc boosted its position in Intercontinental Exchange by 0.7% during the 2nd quarter. Aspen Investment Management Inc now owns 12,559 shares of the financial services provider’s stock valued at $1,719,000 after purchasing an additional 93 shares during the period. Finally, AlphaStar Capital Management LLC boosted its position in Intercontinental Exchange by 20.3% during the 2nd quarter. AlphaStar Capital Management LLC now owns 10,469 shares of the financial services provider’s stock valued at $1,433,000 after purchasing an additional 1,768 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Argus restated a “buy” rating and issued a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Morgan Stanley raised their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods dropped their price target on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Citigroup increased their price objective on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price objective for the company from $143.00 to $167.00 in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $152.07.

Intercontinental Exchange Company Profile

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.