Insider Selling: Intercontinental Exchange, Inc. (NYSE:ICE) COO Sells 468 Shares of Stock

Intercontinental Exchange, Inc. (NYSE:ICE) COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the transaction, the chief operating officer now owns 13,530 shares of the company’s stock, valued at approximately $2,202,819.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $159.84 on Monday. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $163.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $91.68 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 2.81 and a beta of 1.08. The firm’s 50-day moving average is $155.82 and its 200-day moving average is $142.80.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

ICE has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Finally, StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.08.

Hedge Funds Weigh In On Intercontinental Exchange

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gilbert & Cook Inc. increased its position in shares of Intercontinental Exchange by 5.5% during the 4th quarter. Gilbert & Cook Inc. now owns 3,636 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 188 shares in the last quarter. 9258 Wealth Management LLC raised its position in shares of Intercontinental Exchange by 29.9% in the 4th quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider’s stock valued at $977,000 after acquiring an additional 1,752 shares during the period. Gryphon Financial Partners LLC raised its stake in Intercontinental Exchange by 38.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,356 shares of the financial services provider’s stock worth $511,000 after buying an additional 1,220 shares during the period. Gladstone Institutional Advisory LLC raised its position in shares of Intercontinental Exchange by 9.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 2,568 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 215 shares during the period. Finally, Sachetta LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $29,000. Institutional investors own 89.30% of the company’s stock.

About Intercontinental Exchange

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.