Intercontinental Exchange Inc (NYSE:ICE) COO Lynn C. Martin Sells 2,500 Shares

Intercontinental Exchange Inc (NYSE:ICE) COO Lynn C. Martin sold 2,500 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $85.01, for a total transaction of $212,525.00. Following the sale, the chief operating officer now owns 28,495 shares of the company’s stock, valued at $2,422,359.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ICE opened at $85.94 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The company has a market cap of $48.46 billion, a PE ratio of 23.94, a P/E/G ratio of 2.78 and a beta of 0.48. The company’s 50-day moving average is $83.53. Intercontinental Exchange Inc has a 52-week low of $69.69 and a 52-week high of $87.26.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.02. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts forecast that Intercontinental Exchange Inc will post 3.75 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ICE. Nomura Asset Management Co. Ltd. grew its holdings in Intercontinental Exchange by 3.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 129,416 shares of the financial services provider’s stock valued at $9,748,000 after buying an additional 3,953 shares in the last quarter. Cibc Bank USA grew its holdings in Intercontinental Exchange by 11.2% during the 1st quarter. Cibc Bank USA now owns 4,252 shares of the financial services provider’s stock valued at $324,000 after buying an additional 428 shares in the last quarter. Shell Asset Management Co. grew its holdings in Intercontinental Exchange by 128.2% during the 1st quarter. Shell Asset Management Co. now owns 78,512 shares of the financial services provider’s stock valued at $5,978,000 after buying an additional 44,112 shares in the last quarter. Tibra Equities Europe Ltd purchased a new stake in Intercontinental Exchange during the 1st quarter valued at approximately $1,964,000. Finally, Solstein Capital LLC grew its holdings in Intercontinental Exchange by 460.0% during the 4th quarter. Solstein Capital LLC now owns 7,200 shares of the financial services provider’s stock valued at $542,000 after buying an additional 9,200 shares in the last quarter. 88.97% of the stock is owned by hedge funds and other institutional investors.

ICE has been the subject of a number of recent research reports. Deutsche Bank lowered their price objective on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a report on Friday, March 15th. Zacks Investment Research lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Wells Fargo & Co boosted their price objective on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Finally, Bank of America set a $85.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $85.59.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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