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

Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $162.47.

Several research firms have recently issued reports on ICE. JPMorgan Chase & Co. boosted their target price on Intercontinental Exchange from $151.00 to $171.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a "hold" rating in a report on Thursday, August 15th. Royal Bank of Canada started coverage on shares of Intercontinental Exchange in a research report on Friday. They set an "outperform" rating and a $200.00 price target on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group raised Intercontinental Exchange from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $143.00 to $167.00 in a research note on Monday, July 1st.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total value of $148,600.00. Following the sale, the insider now owns 14,636 shares in the company, valued at approximately $2,174,909.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CTO Mayur Kapani sold 395 shares of the firm's stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the completion of the transaction, the chief technology officer now owns 64,471 shares in the company, valued at approximately $9,098,792.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the insider now owns 14,636 shares in the company, valued at approximately $2,174,909.60. The disclosure for this sale can be found here. Insiders sold 66,268 shares of company stock valued at $9,508,809 over the last three months. Company insiders own 1.10% of the company's stock.

Institutional Trading of Intercontinental Exchange

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Intercontinental Exchange by 7.5% in 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 acquiring an additional 3,536,913 shares during the period. Wellington Management Group LLP raised its stake in Intercontinental Exchange by 35.0% in the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider's stock worth $2,105,994,000 after purchasing an additional 4,251,371 shares in the last quarter. Capital World Investors boosted its holdings in Intercontinental Exchange by 35.6% in the 4th 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. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Intercontinental Exchange by 4.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,280,194 shares of the financial services provider's stock worth $725,657,000 after purchasing an additional 218,516 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its holdings in shares of Intercontinental Exchange by 0.6% during the first quarter. Mawer Investment Management Ltd. now owns 4,696,457 shares of the financial services provider's stock worth $645,434,000 after purchasing an additional 28,771 shares during the period. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Up 0.3 %

NYSE ICE traded up $0.50 during trading hours on Friday, hitting $158.62. The company's stock had a trading volume of 3,329,491 shares, compared to its average volume of 2,499,804. The stock has a fifty day moving average of $156.89 and a 200 day moving average of $143.46. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange has a twelve month low of $104.49 and a twelve month high of $163.71. The firm has a market capitalization of $90.98 billion, a P/E ratio of 36.39, a PEG ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the company earned $1.43 EPS. The firm's revenue was up 22.7% on a year-over-year basis. Equities research analysts forecast that Intercontinental Exchange will post 6.04 earnings per share for the current fiscal year.

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.