Intercontinental Exchange Inc (NYSE:ICE) Vice Chairman Charles A. Vice sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $71.93, for a total transaction of $539,475.00. Following the transaction, the insider now directly owns 377,471 shares of the company’s stock, valued at $27,151,489.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Intercontinental Exchange Inc (ICE) traded down $0.88 during mid-day trading on Tuesday, reaching $70.95. 3,436,516 shares of the company’s stock were exchanged, compared to its average volume of 2,677,853. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc has a 1 year low of $55.79 and a 1 year high of $72.99. The company has a market capitalization of $41,500.00, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.67 and a beta of 0.70.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts expect that Intercontinental Exchange Inc will post 2.95 EPS for the current fiscal year.

Intercontinental Exchange declared that its board has approved a share buyback program on Thursday, November 2nd that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge funds have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. boosted its position in Intercontinental Exchange by 2.2% during the second quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 32 shares during the period. IHT Wealth Management LLC boosted its position in Intercontinental Exchange by 10.8% during the second quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 18 shares during the period. Bessemer Group Inc. boosted its position in Intercontinental Exchange by 186.5% during the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,240 shares during the period. Shine Investment Advisory Services Inc. bought a new position in Intercontinental Exchange during the second quarter worth $128,000. Finally, First Personal Financial Services boosted its position in Intercontinental Exchange by 20.4% during the second quarter. First Personal Financial Services now owns 2,122 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 360 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on ICE. Wells Fargo & Company raised their target price on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Barclays raised their target price on shares of Intercontinental Exchange from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Royal Bank Of Canada raised their target price on shares of Intercontinental Exchange from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday, October 16th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $73.00 target price on shares of Intercontinental Exchange in a research note on Sunday, October 8th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Intercontinental Exchange has an average rating of “Buy” and a consensus target price of $73.30.

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Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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