Intercontinental Exchange, Inc. (NYSE:ICE) Receives $148.29 Consensus PT from Analysts

Intercontinental Exchange, Inc. (NYSE:ICE) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $148.29.

Several equities analysts recently weighed in on ICE shares. Barclays cut their price objective on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Argus reissued a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Citigroup boosted their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Bank of America cut their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Finally, UBS Group boosted their price objective on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, February 12th.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $133.25 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s fifty day simple moving average is $134.10 and its 200 day simple moving average is $129.38. Intercontinental Exchange has a one year low of $103.81 and a one year high of $140.43. The firm has a market cap of $76.43 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 2.49 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 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 analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, analysts expect that Intercontinental Exchange will post 5.96 earnings per share for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of Intercontinental Exchange stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the transaction, the insider now directly owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the business’s stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the transaction, the insider now directly owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,734 shares of company stock valued at $8,738,238. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Intercontinental Exchange

A number of hedge funds have recently modified their holdings of ICE. Cetera Advisors LLC increased its holdings in shares of Intercontinental Exchange by 68.9% during the first quarter. Cetera Advisors LLC now owns 18,045 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,358 shares during the period. Cetera Investment Advisers increased its position in Intercontinental Exchange by 230.2% in the 1st quarter. Cetera Investment Advisers now owns 61,896 shares of the financial services provider’s stock valued at $8,506,000 after acquiring an additional 43,149 shares during the period. PGGM Investments raised its position in Intercontinental Exchange by 87.3% during the 1st quarter. PGGM Investments now owns 8,388 shares of the financial services provider’s stock worth $1,153,000 after purchasing an additional 3,910 shares during the last quarter. Swedbank AB bought a new position in shares of Intercontinental Exchange during the first quarter worth about $11,075,000. Finally, Sanibel Captiva Trust Company Inc. grew its stake in Intercontinental Exchange by 0.7% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 28,443 shares of the financial services provider’s stock worth $3,909,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

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.