Intercontinental Exchange Inc (NYSE:ICE) CFO Sells $637,500.00 in Stock

Intercontinental Exchange Inc (NYSE:ICE) CFO Scott A. Hill sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $85.00, for a total transaction of $637,500.00. Following the completion of the sale, the chief financial officer now directly owns 158,502 shares of the company’s stock, valued at approximately $13,472,670. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Intercontinental Exchange stock opened at $85.94 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50-day moving average price is $83.53. The firm has a market cap of $48.46 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48. Intercontinental Exchange Inc has a 52-week low of $69.69 and a 52-week high of $87.26.

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

A number of institutional investors have recently bought and sold shares of the business. Sontag Advisory LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $34,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Intercontinental Exchange by 46.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 460 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 145 shares during the period. Pittenger & Anderson Inc. bought a new stake in shares of Intercontinental Exchange in the 1st quarter worth approximately $44,000. Resources Investment Advisors Inc. raised its holdings in shares of Intercontinental Exchange by 111.7% in the 4th quarter. Resources Investment Advisors Inc. now owns 635 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 335 shares in the last quarter. Finally, Lindbrook Capital LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $48,000. 88.97% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on ICE shares. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Deutsche Bank dropped their target price on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, March 15th. Wells Fargo & Co lifted their price target on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Zacks Investment Research lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, Bank of America set a $85.00 price target on shares of Intercontinental Exchange and gave the company a “buy” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. Intercontinental Exchange presently has a consensus rating of “Buy” and an average 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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