Intercontinental Exchange Inc (NYSE:ICE) General Counsel Sells $397,782.00 in Stock

Intercontinental Exchange Inc (NYSE:ICE) General Counsel Andrew J. Surdykowski sold 4,305 shares of Intercontinental Exchange stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $92.40, for a total transaction of $397,782.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andrew J. Surdykowski also recently made the following trade(s):

  • On Monday, April 27th, Andrew J. Surdykowski sold 3,991 shares of Intercontinental Exchange stock. The stock was sold at an average price of $91.26, for a total transaction of $364,218.66.

ICE opened at $92.26 on Friday. The company has a market capitalization of $50.13 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.47 and a beta of 0.54. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $94.24 and a 200-day moving average price of $91.41. Intercontinental Exchange Inc has a twelve month low of $63.51 and a twelve month high of $101.93.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Intercontinental Exchange had a net margin of 29.65% and a return on equity of 13.85%. Intercontinental Exchange’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. On average, sell-side analysts expect that Intercontinental Exchange Inc will post 4.51 earnings per share for the current fiscal year.

Several brokerages have commented on ICE. UBS Group lowered their price objective on shares of Intercontinental Exchange from $116.00 to $114.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Goldman Sachs Group raised shares of Intercontinental Exchange from a “buy” rating to a “conviction-buy” rating and set a $90.00 price objective on the stock in a research report on Tuesday, March 24th. Barclays lifted their price objective on shares of Intercontinental Exchange from $95.00 to $100.00 in a research report on Friday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $104.00 price objective on shares of Intercontinental Exchange in a research report on Friday, May 1st. Finally, Wells Fargo & Co lifted their price objective on shares of Intercontinental Exchange from $95.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $102.07.

Large investors have recently modified their holdings of the stock. Virtus ETF Advisers LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $26,000. Engrave Wealth Partners LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $29,000. Solstein Capital LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $33,000. Fortis Advisors LLC purchased a new position in Intercontinental Exchange during the first quarter valued at approximately $33,000. Finally, Golden State Wealth Management LLC purchased a new position in Intercontinental Exchange during the first quarter valued at approximately $45,000. 87.44% of the stock is owned by institutional investors.

About Intercontinental Exchange

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, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

See Also: What is the Quick Ratio?

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

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.