IntercontinentalExchange COO Sells $620,328 in Stock (ICE)
IntercontinentalExchange (NYSE:ICE) COO Thomas W. Farley sold 3,250 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $190.87, for a total value of $620,327.50. Following the completion of the sale, the chief operating officer now directly owns 12,103 shares of the company’s stock, valued at approximately $2,310,100. The sale was disclosed in a document filed with the SEC, which is available at this link.
IntercontinentalExchange (NYSE:ICE) traded up 0.70% during mid-day trading on Thursday, hitting $189.25. The stock had a trading volume of 568,607 shares. IntercontinentalExchange has a 1-year low of $173.54 and a 1-year high of $229.50. The stock has a 50-day moving average of $192.7 and a 200-day moving average of $205.3. The company has a market cap of $21.773 billion and a price-to-earnings ratio of 44.07.
IntercontinentalExchange (NYSE:ICE) last announced its earnings results on Thursday, May 8th. The company reported $2.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.58 by $0.02. The company had revenue of $932.00 million for the quarter, compared to the consensus estimate of $922.92 million. During the same quarter last year, the company posted $2.03 earnings per share. IntercontinentalExchange’s revenue was up 164.8% compared to the same quarter last year. Analysts expect that IntercontinentalExchange will post $9.60 earnings per share for the current fiscal year.
A number of research firms have recently commented on ICE. Analysts at Wells Fargo & Co. downgraded shares of IntercontinentalExchange from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note on Tuesday, June 10th. They now have a $224.00 price target on the stock, down previously from $232.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note on Thursday, June 5th. They now have a $225.00 price target on the stock, down previously from $232.00. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. IntercontinentalExchange currently has an average rating of “Buy” and a consensus price target of $219.31.
IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets.
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