Intercontinental Exchange (NYSE:ICE) Price Target Cut to $178.00 by Analysts at Keefe, Bruyette & Woods

Intercontinental Exchange (NYSE:ICE - Get Free Report) had its price objective cut by research analysts at Keefe, Bruyette & Woods from $183.00 to $178.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 23.75% from the company's current price.

Several other equities research analysts have also recently commented on the company. Bank of America boosted their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. StockNews.com lowered Intercontinental Exchange from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Barclays lowered their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of "Moderate Buy" and a consensus price target of $175.20.

Intercontinental Exchange Stock Performance

ICE stock traded up $1.04 during trading on Monday, reaching $143.84. 3,358,025 shares of the company's stock were exchanged, compared to its average volume of 3,012,075. Intercontinental Exchange has a 1-year low of $124.34 and a 1-year high of $167.99. The firm has a market cap of $82.59 billion, a PE ratio of 34.09, a P/E/G ratio of 2.57 and a beta of 1.10. The company's fifty day moving average price is $154.09 and its 200-day moving average price is $155.43. 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 (NYSE:ICE - Get Free Report) last posted its quarterly earnings data 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 net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The company's quarterly revenue was up 17.3% compared to the same quarter last year. On average, research analysts expect that Intercontinental Exchange will post 6.07 EPS for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now directly owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now owns 44,702 shares of the company's stock, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,533 shares of company stock valued at $1,196,279 over the last quarter. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Intercontinental Exchange

Several hedge funds have recently bought and sold shares of the business. Fairscale Capital LLC acquired a new position in Intercontinental Exchange in the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC boosted its holdings in Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 147 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at about $26,000. Financial Management Professionals Inc. increased its stake in shares of Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after purchasing an additional 87 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $29,000. 89.30% of the stock is owned by institutional investors and hedge funds.

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.