Intercontinental Exchange, Inc. (NYSE:ICE) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) have received a consensus rating of "Moderate Buy" from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $174.13.

A number of equities analysts recently issued reports on ICE shares. Barclays dropped their price objective on shares of Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Raymond James cut Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price on the stock. in a report on Monday, October 14th. Bank of America boosted their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Finally, StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th.

Intercontinental Exchange Stock Performance

ICE traded down $0.92 during mid-day trading on Friday, reaching $155.55. 2,795,449 shares of the company traded hands, compared to its average volume of 3,425,119. The company's fifty day moving average price is $160.97 and its 200-day moving average price is $150.07. The stock has a market capitalization of $89.31 billion, a P/E ratio of 36.86, a P/E/G ratio of 2.57 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange has a 52-week low of $110.64 and a 52-week high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts' consensus estimates of $1.55. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange's revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 earnings per share. On average, sell-side analysts expect that Intercontinental Exchange will post 6.07 EPS for the current year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the completion of the transaction, the director now owns 3,958 shares in the company, valued at $629,242.84. This trade represents a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,489 shares of company stock valued at $1,202,259. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intercontinental Exchange

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its holdings in Intercontinental Exchange by 819.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider's stock valued at $18,764,000 after purchasing an additional 122,169 shares during the last quarter. UniSuper Management Pty Ltd grew its position in Intercontinental Exchange by 200.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 14,459 shares of the financial services provider's stock valued at $1,987,000 after acquiring an additional 9,642 shares during the last quarter. BDF Gestion purchased a new stake in Intercontinental Exchange in the second quarter worth $2,849,000. LRI Investments LLC bought a new stake in shares of Intercontinental Exchange during the first quarter worth $137,000. Finally, Burke & Herbert Bank & Trust Co. purchased a new stake in shares of Intercontinental Exchange during the second quarter valued at $1,366,000. 89.30% of the stock is currently owned by hedge funds and other 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.