Intercontinental Exchange (NYSE:ICE) PT Raised to $171.00

Intercontinental Exchange (NYSE:ICE - Get Free Report) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $151.00 to $171.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 5.61% from the company's current price.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a "hold" rating in a research note on Thursday, August 15th. Argus restated a "buy" rating and issued a $153.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Citigroup boosted their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $168.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Finally, Barclays boosted their price target on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average target price of $156.36.

Intercontinental Exchange Stock Up 0.6 %

Shares of NYSE ICE traded up $1.00 during mid-day trading on Monday, hitting $161.91. 1,681,501 shares of the stock traded hands, compared to its average volume of 2,466,642. The stock has a fifty day moving average price of $154.20 and a 200-day moving average price of $142.02. The company has a market cap of $92.87 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 2.81 and a beta of 1.08. Intercontinental Exchange has a 52 week low of $104.49 and a 52 week high of $163.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm's quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. Research analysts anticipate that Intercontinental Exchange will post 6.04 EPS for the current year.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 1,000 shares of the company's stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total value of $148,600.00. Following the completion of the transaction, the insider now owns 14,636 shares of the company's stock, valued at $2,174,909.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Christopher Scott Edmonds sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the transaction, the insider now directly owns 14,636 shares of the company's stock, valued at $2,174,909.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the transaction, the chief executive officer now directly owns 1,179,993 shares of the company's stock, valued at $167,181,408.24. The disclosure for this sale can be found here. Insiders sold a total of 67,096 shares of company stock valued at $9,593,983 over the last 90 days. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Intercontinental Exchange

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Intercontinental Exchange by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider's stock valued at $2,105,994,000 after purchasing an additional 4,251,371 shares during the period. Vanguard Group Inc. raised its position in Intercontinental Exchange by 7.5% during the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider's stock valued at $6,978,218,000 after purchasing an additional 3,536,913 shares during the period. Capital World Investors raised its position in Intercontinental Exchange by 35.6% during the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider's stock valued at $1,238,559,000 after purchasing an additional 2,530,119 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Intercontinental Exchange by 303.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider's stock valued at $305,832,000 after purchasing an additional 1,790,493 shares during the period. Finally, Parnassus Investments LLC raised its position in Intercontinental Exchange by 23.8% during the fourth quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider's stock valued at $1,082,646,000 after purchasing an additional 1,621,737 shares during the period. 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.