Intercontinental Exchange (NYSE:ICE) Reaches New 1-Year High at $151.95

Shares of Intercontinental Exchange, Inc. (NYSE:ICE) hit a new 52-week high on Monday . The stock traded as high as $151.95 and last traded at $151.95, with a volume of 842 shares trading hands. The stock had previously closed at $151.00.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ICE. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Citigroup boosted their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Rosenblatt Securities reissued a “buy” rating and set a $164.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Bank of America dropped their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $143.00 to $167.00 in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.07.

Intercontinental Exchange Stock Down 0.1 %

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $139.66 and a 200 day simple moving average of $135.68. The firm has a market capitalization of $86.57 billion, a P/E ratio of 34.63, a P/E/G ratio of 2.68 and a beta of 1.06.

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

Insider Activity at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 58,389 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the completion of the sale, the chief executive officer now owns 1,179,993 shares of the company’s stock, valued at approximately $167,181,408.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $156,450.00. Following the sale, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the transaction, the chief executive officer now owns 1,179,993 shares in the company, valued at approximately $167,181,408.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,992 shares of company stock worth $9,197,801. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Intercontinental Exchange

A number of institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management increased its holdings in Intercontinental Exchange by 9.2% in the 4th quarter. Ritholtz Wealth Management now owns 5,155 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 433 shares during the last quarter. Global Retirement Partners LLC increased its stake in Intercontinental Exchange by 10.1% in the 4th quarter. Global Retirement Partners LLC now owns 2,075 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 191 shares during the last quarter. Caprock Group LLC raised its holdings in shares of Intercontinental Exchange by 10.5% during the 4th quarter. Caprock Group LLC now owns 5,942 shares of the financial services provider’s stock worth $763,000 after acquiring an additional 563 shares in the last quarter. Quent Capital LLC boosted its position in shares of Intercontinental Exchange by 28.7% during the 4th quarter. Quent Capital LLC now owns 654 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 146 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Intercontinental Exchange by 5.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 10,120 shares of the financial services provider’s stock valued at $1,300,000 after purchasing an additional 517 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

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.