Insider Selling: Thomas Farley Sells 8,268 Shares of IntercontinentalExchange Stock (ICE)
IntercontinentalExchange (NYSE:ICE) COO Thomas Farley sold 8,268 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $227.01, for a total value of $1,876,918.68. Following the completion of the transaction, the chief operating officer now directly owns 5,137 shares of the company’s stock, valued at approximately $1,166,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on ICE. Analysts at Citigroup Inc. initiated coverage on shares of IntercontinentalExchange in a research note to investors on Wednesday. They set a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note to investors on Thursday, December 5th. They now have a $242.00 price target on the stock, up previously from $235.00. Finally, analysts at Argus raised their price target on shares of IntercontinentalExchange from $195.00 to $240.00 in a research note to investors on Tuesday, November 26th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $204.50.
Shares of IntercontinentalExchange (NYSE:ICE) traded up 0.23% during mid-day trading on Thursday, hitting $227.53. The stock had a trading volume of 543,008 shares. IntercontinentalExchange has a one year low of $126.96 and a one year high of $229.50. The stock’s 50-day moving average is $220.1 and its 200-day moving average is $194.0. The company has a market cap of $26.177 billion and a P/E ratio of 29.79.
IntercontinentalExchange (NYSE:ICE) last announced its earnings results on Tuesday, November 5th. The company reported $1.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.83 by $0.14. The company had revenue of $338.00 million for the quarter, compared to the consensus estimate of $332.79 million. During the same quarter in the prior year, the company posted $1.79 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that IntercontinentalExchange will post $8.21 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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