Intercontinental Exchange Inc (NYSE:ICE) Director Jean Marc Forneri sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $70.68, for a total value of $565,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Intercontinental Exchange Inc (NYSE:ICE) traded down $0.35 during trading on Friday, hitting $70.39. The stock had a trading volume of 2,652,400 shares, compared to its average volume of 2,676,069. The stock has a market cap of $41,500.00, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.62 and a beta of 0.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Intercontinental Exchange Inc has a 52 week low of $55.79 and a 52 week high of $72.99.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. analysts expect that Intercontinental Exchange Inc will post 2.95 EPS for the current fiscal year.

Intercontinental Exchange announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 2nd that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Several large investors have recently made changes to their positions in the stock. IHT Wealth Management LLC raised its holdings in shares of Intercontinental Exchange by 10.8% during the 2nd quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock valued at $101,000 after buying an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in Intercontinental Exchange by 0.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,483 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 29 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in Intercontinental Exchange by 2.2% during the 2nd 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 last quarter. Aspen Investment Management Inc increased its holdings in Intercontinental Exchange by 0.6% during the 2nd quarter. Aspen Investment Management Inc now owns 8,820 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 50 shares during the last quarter. Finally, Jump Trading LLC increased its holdings in Intercontinental Exchange by 0.4% during the 2nd quarter. Jump Trading LLC now owns 15,248 shares of the financial services provider’s stock worth $1,005,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

ICE has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating on shares of Intercontinental Exchange in a research note on Tuesday, August 15th. Jefferies Group restated a “buy” rating and issued a $73.00 price objective on shares of Intercontinental Exchange in a report on Wednesday, August 23rd. Barclays initiated coverage on Intercontinental Exchange in a report on Friday, September 8th. They issued an “overweight” rating and a $72.00 price objective on the stock. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, Wells Fargo & Company raised their price objective on Intercontinental Exchange from $65.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.30.

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About Intercontinental Exchange

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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