Barclays Has Lowered Expectations for Intercontinental Exchange (NYSE:ICE) Stock Price

Intercontinental Exchange (NYSE:ICE - Free Report) had its price objective cut by Barclays from $187.00 to $179.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

Other analysts also recently issued reports about the company. Raymond James downgraded Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price objective for the company. in a report on Monday, October 14th. Bank of America raised their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Piper Sandler raised their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.20.

Intercontinental Exchange Price Performance

NYSE ICE traded up $1.04 on Monday, hitting $143.84. 3,358,025 shares of the company's stock were exchanged, compared to its average volume of 3,012,075. The stock has a 50-day moving average of $154.09 and a 200-day moving average of $155.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange has a 52 week low of $124.34 and a 52 week high of $167.99. The stock has a market cap of $82.59 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 2.57 and a beta of 1.10.

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

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the sale, the general counsel now directly owns 44,702 shares of the company's stock, valued at $6,977,088.16. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Stuart Glen Williams sold 750 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,533 shares of company stock worth $1,196,279. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Intercontinental Exchange

Several hedge funds have recently made changes to their positions in ICE. AAFMAA Wealth Management & Trust LLC grew its stake in Intercontinental Exchange by 1.6% in the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 10,586 shares of the financial services provider's stock valued at $1,577,000 after buying an additional 166 shares during the last quarter. Tealwood Asset Management Inc. grew its position in Intercontinental Exchange by 35.3% in the 4th quarter. Tealwood Asset Management Inc. now owns 15,396 shares of the financial services provider's stock worth $2,294,000 after purchasing an additional 4,017 shares during the last quarter. First Financial Corp IN grew its position in Intercontinental Exchange by 176.8% in the 4th quarter. First Financial Corp IN now owns 418 shares of the financial services provider's stock worth $62,000 after purchasing an additional 267 shares during the last quarter. Benson Investment Management Company Inc. acquired a new stake in Intercontinental Exchange in the 4th quarter worth $5,174,000. Finally, PFW Advisors LLC acquired a new stake in Intercontinental Exchange in the 4th quarter worth $2,481,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

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.