Intercontinental Exchange, Inc. (NYSE:ICE) CAO James W. Namkung Sells 1,171 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at approximately $2,666,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Intercontinental Exchange Stock Up 0.2 %

Shares of NYSE ICE opened at $160.60 on Wednesday. The company has a 50 day simple moving average of $147.77 and a 200-day simple moving average of $139.63. The company has a market capitalization of $92.12 billion, a P/E ratio of 36.83, a P/E/G ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 1.01. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $161.49.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ICE shares. Rosenblatt Securities restated a “buy” rating and set a $164.00 price target on shares of Intercontinental Exchange in a research report on Friday, May 3rd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price objective for the company from $143.00 to $167.00 in a report on Monday, July 1st. Finally, Barclays increased their price objective on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $154.93.

Hedge Funds Weigh In On Intercontinental Exchange

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Intercontinental Exchange by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock worth $6,978,218,000 after purchasing an additional 3,536,913 shares during the period. Wellington Management Group LLP boosted its position in shares of Intercontinental Exchange by 35.0% during the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after purchasing an additional 4,251,371 shares during the period. Capital World Investors boosted its position in shares of Intercontinental Exchange by 35.6% during the 4th quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock worth $1,238,559,000 after purchasing an additional 2,530,119 shares during the period. Parnassus Investments LLC boosted its position in shares of Intercontinental Exchange by 23.8% during the 4th quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock worth $1,082,646,000 after purchasing an additional 1,621,737 shares during the period. Finally, Norges Bank purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $839,259,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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.