Intercontinental Exchange, Inc. (NYSE:ICE) Insider Christopher Scott Edmonds Sells 1,000 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $147.68 on Monday. The firm’s 50 day simple moving average is $138.38 and its 200 day simple moving average is $134.90. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $149.60. The company has a market capitalization of $84.71 billion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 2.63 and a beta of 1.06. 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 (NYSE:ICE) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, hitting the consensus estimate of $1.48. The company had revenue of $2.29 billion for 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 business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. As a group, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ICE shares. Citigroup boosted their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Barclays boosted their target price on Intercontinental Exchange from $150.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a report on Friday, May 3rd. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $152.07.

Institutional Trading of Intercontinental Exchange

Several hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its holdings in shares of Intercontinental Exchange by 7.1% in the second quarter. First Horizon Advisors Inc. now owns 4,152 shares of the financial services provider’s stock worth $568,000 after acquiring an additional 274 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Intercontinental Exchange by 2.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 996,450 shares of the financial services provider’s stock valued at $136,404,000 after purchasing an additional 19,699 shares during the period. Raymond James & Associates increased its stake in Intercontinental Exchange by 1.3% during the 2nd quarter. Raymond James & Associates now owns 2,282,461 shares of the financial services provider’s stock worth $312,446,000 after purchasing an additional 29,293 shares in the last quarter. Marietta Wealth Management LLC raised its holdings in Intercontinental Exchange by 3.6% during the 2nd quarter. Marietta Wealth Management LLC now owns 7,614 shares of the financial services provider’s stock worth $1,042,000 after buying an additional 264 shares during the period. Finally, Boomfish Wealth Group LLC lifted its stake in Intercontinental Exchange by 13.4% in the second quarter. Boomfish Wealth Group LLC now owns 18,129 shares of the financial services provider’s stock valued at $2,482,000 after buying an additional 2,136 shares in the last quarter. 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.