Stuart Glen Williams Sells 750 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Intercontinental Exchange Stock Up 1.4 %

NYSE ICE opened at $150.31 on Friday. The stock has a fifty day moving average of $158.88 and a 200-day moving average of $153.86. The stock has a market capitalization of $86.30 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $122.65 and a 52 week high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Institutional Trading of Intercontinental Exchange

A number of hedge funds have recently modified their holdings of the company. &PARTNERS raised its holdings in Intercontinental Exchange by 111.9% in the second quarter. &PARTNERS now owns 9,084 shares of the financial services provider’s stock worth $1,244,000 after purchasing an additional 4,797 shares during the period. Catalina Capital Group LLC lifted its holdings in Intercontinental Exchange by 11.1% during the second quarter. Catalina Capital Group LLC now owns 1,797 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 180 shares in the last quarter. Premier Path Wealth Partners LLC grew its stake in Intercontinental Exchange by 67.7% in the second quarter. Premier Path Wealth Partners LLC now owns 4,376 shares of the financial services provider’s stock valued at $599,000 after acquiring an additional 1,767 shares during the period. Quotient Wealth Partners LLC increased its holdings in shares of Intercontinental Exchange by 12.1% in the second quarter. Quotient Wealth Partners LLC now owns 1,934 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 208 shares in the last quarter. Finally, Family Firm Inc. bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at about $174,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ICE has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. TD Cowen began coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 price objective for the company. Barclays raised their target price on Intercontinental Exchange from $173.00 to $187.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday, November 1st. Finally, Bank of America boosted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $175.07.

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.