Intercontinental Exchange (NYSE:ICE) Hits New 1-Year High at $150.00

Shares of Intercontinental Exchange, Inc. (NYSE:ICE) reached a new 52-week high on Tuesday . The stock traded as high as $150.00 and last traded at $149.60, with a volume of 147031 shares traded. The stock had previously closed at $149.24.

Wall Street Analyst Weigh In

Several analysts have issued reports on ICE shares. Barclays increased their target price on shares of Intercontinental Exchange from $150.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Argus restated a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. Rosenblatt Securities reiterated a “buy” rating and set a $164.00 target price on shares of Intercontinental Exchange in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. Two investment 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.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.07.

Intercontinental Exchange Price Performance

The company has a 50 day moving average of $138.69 and a 200-day moving average of $135.06. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $85.80 billion, a P/E ratio of 34.30, a P/E/G ratio of 2.63 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last released 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. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 5.99 EPS for the current year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were purchased at an average cost of $0.87 per share, for a total transaction of $305,265.60. Following the transaction, the insider now owns 649,934 shares in the company, valued at $565,442.58. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction 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 sale, the general counsel now owns 48,713 shares in the company, valued at approximately $6,417,450.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were bought at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the transaction, the insider now owns 649,934 shares of the company’s stock, valued at $565,442.58. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 64,290 shares of company stock valued at $9,086,274. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Intercontinental Exchange

Several institutional investors have recently made changes to their positions in the company. Premier Path Wealth Partners LLC acquired a new stake in Intercontinental Exchange during the fourth quarter valued at $292,000. Mutual Advisors LLC boosted its stake in Intercontinental Exchange by 9.8% during the 4th quarter. Mutual Advisors LLC now owns 2,654 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 236 shares during the period. LVW Advisors LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth about $262,000. CVA Family Office LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter valued at approximately $194,000. Finally, Security Financial Services INC. acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $231,000. Hedge funds and other institutional investors 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.