Intercontinental Exchange, Inc. (NYSE:ICE) COO Sells $76,195.08 in Stock

Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) COO Stuart Glen Williams sold 468 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the transaction, the chief operating officer now owns 13,530 shares of the company's stock, valued at approximately $2,202,819.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Intercontinental Exchange Price Performance

Shares of ICE stock traded up $0.97 during trading hours on Friday, hitting $159.84. 4,843,357 shares of the company's stock were exchanged, compared to its average volume of 2,492,314. The company has a market capitalization of $91.68 billion, a PE ratio of 36.66, a PEG ratio of 2.81 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $163.71. The business's 50 day simple moving average is $155.82 and its 200-day simple moving average is $142.77.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on ICE shares. 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. Barclays lifted their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Thursday, August 15th. Citigroup upped their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a report on Tuesday, July 9th. Finally, The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a "neutral" rating to a "buy" rating and increased their target price for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $158.08.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of 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 worth $2,105,994,000 after purchasing an additional 4,251,371 shares during the period. D.A. Davidson & CO. lifted its holdings in Intercontinental Exchange by 8.5% in the 4th quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider's stock worth $3,253,000 after buying an additional 1,991 shares during the period. Point72 Europe London LLP grew its position in shares of Intercontinental Exchange by 10.9% in the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider's stock worth $8,515,000 after buying an additional 6,500 shares during the last quarter. Perpetual Ltd increased its stake in shares of Intercontinental Exchange by 0.4% during the first quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider's stock valued at $204,495,000 after buying an additional 6,272 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Intercontinental Exchange by 819.7% during the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider's stock valued at $18,764,000 after buying an additional 122,169 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

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.