Intercontinental Exchange, Inc. (NYSE:ICE) Director Martha A. Tirinnanzi Sells 509 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) Director Martha A. Tirinnanzi sold 509 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the completion of the sale, the director now directly owns 3,958 shares in the company, valued at $629,242.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $160.60 on Wednesday. The business’s 50-day simple moving average is $147.77 and its 200 day simple moving average is $139.63. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market cap of $92.12 billion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $161.49.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the company posted $1.43 EPS. The company’s revenue was up 22.7% compared to the same quarter last year. As a group, research analysts anticipate that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ICE shares. Barclays raised their price objective on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Argus reaffirmed a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $143.00 to $167.00 in a report on Monday, July 1st. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.93.

Hedge Funds Weigh In On Intercontinental Exchange

A number of hedge funds and other institutional investors have recently bought and sold shares of ICE. Scarborough Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $25,000. Annapolis Financial Services LLC increased its holdings in Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. New Millennium Group LLC acquired a new position in Intercontinental Exchange in the second quarter valued at about $25,000. International Assets Investment Management LLC bought a new position in Intercontinental Exchange during the second quarter worth about $25,000. Finally, Fairscale Capital LLC acquired a new position in shares of Intercontinental Exchange during the 2nd quarter worth about $25,000. 89.30% of the stock is owned by institutional investors.

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.