Barclays Lowers Intercontinental Exchange (NYSE:ICE) Price Target to $150.00

Intercontinental Exchange (NYSE:ICE) had its target price decreased by stock analysts at Barclays from $155.00 to $150.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price points to a potential upside of 14.94% from the stock’s previous close.

Several other equities analysts also recently commented on ICE. Keefe, Bruyette & Woods cut their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research report on Friday. Piper Sandler increased their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Bank of America dropped their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Raymond James increased their price target on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.92.

Intercontinental Exchange Trading Up 3.1 %

Intercontinental Exchange stock traded up $3.96 during mid-day trading on Friday, hitting $130.50. The company’s stock had a trading volume of 3,991,238 shares, compared to its average volume of 2,404,087. The company has a 50 day moving average of $135.01 and a 200-day moving average of $125.81. The stock has a market cap of $74.73 billion, a PE ratio of 29.93, a P/E/G ratio of 2.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.01. Intercontinental Exchange has a one year low of $103.81 and a one year high of $140.43.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. Intercontinental Exchange’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 EPS. On average, research analysts anticipate that Intercontinental Exchange will post 5.95 EPS for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at $6,417,450.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at $6,417,450.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the purchase, the insider now directly owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 157,832 shares of company stock valued at $21,499,127. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Intercontinental Exchange

A number of institutional investors have recently made changes to their positions in the company. Annapolis Financial Services LLC raised its position in Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 163 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in Intercontinental Exchange in the first quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at $25,000. Venturi Wealth Management LLC raised its position in Intercontinental Exchange by 82.3% in the first quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 93 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at $28,000. 89.30% of the stock is owned by institutional investors and hedge funds.

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.