Intercontinental Exchange (NYSE:ICE) PT Lowered to $155.00

Intercontinental Exchange (NYSE:ICE) had its price objective dropped by stock analysts at Keefe, Bruyette & Woods from $156.00 to $155.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 18.77% from the company’s previous close.

ICE has been the subject of a number of other research reports. Rosenblatt Securities raised their price objective on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, February 9th. UBS Group increased their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Citigroup raised their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $147.92.

Intercontinental Exchange Trading Up 3.1 %

Shares of NYSE:ICE opened at $130.50 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market capitalization of $74.73 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 2.08 and a beta of 1.02. Intercontinental Exchange has a 1-year low of $103.81 and a 1-year high of $140.43. The company has a 50 day moving average price of $135.01 and a 200 day moving average price of $125.81.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data 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 business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the company posted $1.41 EPS. On average, research analysts anticipate that Intercontinental Exchange will post 5.95 EPS for the current fiscal year.

Insider Activity at Intercontinental Exchange

In related news, CAO James W. Namkung sold 1,182 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $156,059.46. Following the completion of the sale, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO James W. Namkung sold 1,182 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $156,059.46. Following the completion of the sale, the chief accounting officer now owns 16,396 shares in the company, valued at approximately $2,164,763.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the company’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the transaction, the insider now owns 7,476,345 shares in the company, valued at $6,504,420.15. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 157,832 shares of company stock valued at $21,499,127. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Intercontinental Exchange

A number of hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its position in Intercontinental Exchange by 4.5% during the first quarter. Geneos Wealth Management Inc. now owns 23,352 shares of the financial services provider’s stock worth $3,209,000 after buying an additional 1,003 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in shares of Intercontinental Exchange by 2.6% during the 1st quarter. 9258 Wealth Management LLC now owns 7,803 shares of the financial services provider’s stock worth $1,072,000 after purchasing an additional 196 shares in the last quarter. Bancreek Capital Management LP grew its holdings in shares of Intercontinental Exchange by 1.3% during the 1st quarter. Bancreek Capital Management LP now owns 54,231 shares of the financial services provider’s stock worth $7,453,000 after purchasing an additional 674 shares in the last quarter. Catalina Capital Group LLC bought a new stake in shares of Intercontinental Exchange during the first quarter valued at approximately $222,000. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Intercontinental Exchange in the first quarter valued at $48,616,000. 89.30% of the stock is owned by institutional investors.

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.