Intercontinental Exchange, Inc. (NYSE:ICE) Receives $172.80 Consensus Target Price from Brokerages

Shares of Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $172.80.

A number of research firms have weighed in on ICE. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Bank of America boosted their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. 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. StockNews.com downgraded Intercontinental Exchange from a "hold" rating to a "sell" rating in a report on Monday. Finally, Barclays increased their price target on Intercontinental Exchange from $167.00 to $179.00 and gave the company an "overweight" rating in a research note on Monday, October 7th.

Insider Transactions at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 468 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the transaction, the chief operating officer now owns 13,530 shares in the company, valued at $2,202,819.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO James W. Namkung sold 1,043 shares of the company's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the transaction, the chief accounting officer now directly owns 17,836 shares of the company's stock, valued at $2,675,400. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the sale, the chief operating officer now directly owns 13,530 shares of the company's stock, valued at approximately $2,202,819.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,532 shares of company stock valued at $1,358,709 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its position in Intercontinental Exchange by 819.7% in 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 acquiring an additional 122,169 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Intercontinental Exchange by 7.0% during the first quarter. Russell Investments Group Ltd. now owns 317,544 shares of the financial services provider's stock worth $43,617,000 after buying an additional 20,802 shares in the last quarter. Mission Wealth Management LP bought a new stake in Intercontinental Exchange during the first quarter worth $866,000. UniSuper Management Pty Ltd raised 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 buying an additional 9,642 shares during the last quarter. Finally, BDF Gestion bought a new position in Intercontinental Exchange during the 2nd quarter valued at $2,849,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Trading Down 0.2 %

NYSE ICE opened at $165.94 on Wednesday. The company has a market cap of $95.18 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. Intercontinental Exchange has a twelve month low of $104.49 and a twelve month high of $167.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The business's fifty day moving average is $161.03 and its 200 day moving average is $146.73.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the firm posted $1.43 earnings per share. The business's revenue for the quarter was up 22.7% on a year-over-year basis. As a group, sell-side analysts expect that Intercontinental Exchange will post 6.08 EPS for the current fiscal year.

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.