IntercontinentalExchange Director Sells $768,360 in Stock (ICE)
IntercontinentalExchange (NYSE:ICE) Director Jean Marc Forneri sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $192.09, for a total value of $768,360.00. Following the transaction, the director now directly owns 26,055 shares of the company’s stock, valued at approximately $5,004,905. The transaction was disclosed in a document filed with the SEC, which is available at this link.
ICE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of IntercontinentalExchange in a research note to investors on Thursday, October 3rd. They now have a $193.00 price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of IntercontinentalExchange in a research note to investors on Thursday, September 19th. They now have a $215.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of IntercontinentalExchange from $185.00 to $195.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $185.09.
Shares of IntercontinentalExchange (NYSE:ICE) traded down 0.37% on Wednesday, hitting $188.96. The stock had a trading volume of 944,589 shares. IntercontinentalExchange has a one year low of $122.72 and a one year high of $194.34. The stock’s 50-day moving average is $182.6 and its 200-day moving average is $174.6. The company has a market cap of $13.764 billion and a price-to-earnings ratio of 25.32.
IntercontinentalExchange (NYSE:ICE) last released its earnings data on Tuesday, August 6th. The company reported $2.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.15 by $0.04. The company had revenue of $372.00 million for the quarter, compared to the consensus estimate of $367.58 million. During the same quarter in the prior year, the company posted $1.95 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts predict that IntercontinentalExchange will post $8.09 earnings per share for the current fiscal year.
IntercontinentalExchange, Inc (NYSE:ICE) is an operator of global futures exchanges, over-the-counter (OTC), markets, derivatives clearing houses and post-trade services.
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