Stuart Glen Williams Sells 750 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $150.31 on Friday. The stock has a market capitalization of $86.30 billion, a PE ratio of 35.62, a P/E/G ratio of 2.61 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 52 week low of $122.65 and a 52 week high of $167.99. The firm has a 50 day moving average of $158.88 and a two-hundred day moving average of $153.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the company earned $1.46 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors have recently modified their holdings of the company. &PARTNERS raised its stake in Intercontinental Exchange by 111.9% in the second quarter. &PARTNERS now owns 9,084 shares of the financial services provider’s stock valued at $1,244,000 after buying an additional 4,797 shares in the last quarter. Catalina Capital Group LLC raised its position in shares of Intercontinental Exchange by 11.1% during the 2nd quarter. Catalina Capital Group LLC now owns 1,797 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 180 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in Intercontinental Exchange by 67.7% during the second quarter. Premier Path Wealth Partners LLC now owns 4,376 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 1,767 shares during the last quarter. Quotient Wealth Partners LLC boosted its holdings in Intercontinental Exchange by 12.1% in the second quarter. Quotient Wealth Partners LLC now owns 1,934 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 208 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in Intercontinental Exchange in the second quarter valued at approximately $174,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on ICE. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Friday, November 1st. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. TD Cowen assumed coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective for the company. Finally, Bank of America increased their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $175.07.

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.