Insider Selling: Judith Sprieser Sells 1,500 Shares of IntercontinentalExchange Stock (ICE)
IntercontinentalExchange (NYSE:ICE) Director Judith Sprieser sold 1,500 shares of IntercontinentalExchange stock on the open market in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $191.75, for a total value of $287,625.00. Following the transaction, the director now directly owns 5,753 shares in the company, valued at approximately $1,103,138. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of IntercontinentalExchange (NYSE:ICE) traded up 0.79% on Friday, hitting $194.68. 599,114 shares of the company’s stock traded hands. IntercontinentalExchange has a 52-week low of $122.72 and a 52-week high of $194.70. The stock has a 50-day moving average of $183.1 and a 200-day moving average of $174.8. The company has a market cap of $14.181 billion and a price-to-earnings ratio of 25.79.
IntercontinentalExchange (NYSE:ICE) last announced its earnings results on Tuesday, August 6th. The company reported $2.19 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that IntercontinentalExchange will post $8.09 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $185.09.
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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