Barclays Issues Positive Forecast for Intercontinental Exchange (NYSE:ICE) Stock Price

Intercontinental Exchange (NYSE:ICE - Free Report) had its target price boosted by Barclays from $173.00 to $187.00 in a research note issued to investors on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider's stock.

A number of other research firms have also commented on ICE. Raymond James lowered Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. The Goldman Sachs Group increased their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.07.

Intercontinental Exchange Trading Up 0.1 %

Shares of Intercontinental Exchange stock traded up $0.13 on Monday, hitting $156.07. The stock had a trading volume of 3,750,279 shares, compared to its average volume of 2,598,068. The stock has a 50 day moving average of $160.38 and a 200 day moving average of $152.75. The firm has a market capitalization of $89.61 billion, a P/E ratio of 36.95, a PEG ratio of 2.58 and a beta of 1.08. Intercontinental Exchange has a twelve month low of $113.87 and a twelve month 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 - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 earnings per share. Sell-side analysts expect that Intercontinental Exchange will post 6.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 468 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares of the company's stock, valued at approximately $2,202,819.30. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now directly owns 14,034 shares of the company's stock, valued at approximately $2,284,875.54. The trade was a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,946 shares of company stock worth $1,433,486. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of Intercontinental Exchange

Several institutional investors and hedge funds have recently modified their holdings of ICE. Janus Henderson Group PLC grew its holdings in Intercontinental Exchange by 326.3% during the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock worth $726,196,000 after buying an additional 3,460,096 shares in the last quarter. FMR LLC boosted its holdings in Intercontinental Exchange by 44.1% during the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock worth $1,260,449,000 after acquiring an additional 2,401,630 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Intercontinental Exchange by 285.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider's stock worth $282,148,000 after acquiring an additional 1,301,200 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Intercontinental Exchange by 426.3% in the third quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider's stock valued at $115,898,000 after purchasing an additional 584,400 shares during the last quarter. Finally, Samlyn Capital LLC lifted its position in shares of Intercontinental Exchange by 142.2% during the second quarter. Samlyn Capital LLC now owns 835,654 shares of the financial services provider's stock valued at $114,393,000 after purchasing an additional 490,671 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.