Intercontinental Exchange Inc. (NYSE:ICE) Receives Average Rating of “Moderate Buy” from Brokerages

Intercontinental Exchange Inc. (NYSE:ICE) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $193.00.

ICE has been the topic of several recent analyst reports. Piper Sandler restated an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. UBS Group restated a “buy” rating and set a $205.00 price objective on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. Keefe, Bruyette & Woods initiated coverage on shares of Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price objective on the stock. Rothschild & Co Redburn set a $177.00 price objective on shares of Intercontinental Exchange in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research report on Friday, March 6th.

Intercontinental Exchange Stock Down 0.2%

Shares of ICE stock opened at $140.26 on Monday. The company has a market capitalization of $79.32 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.35 and a beta of 0.92. Intercontinental Exchange has a one year low of $136.67 and a one year high of $189.35. The company’s fifty day moving average price is $154.22 and its 200-day moving average price is $159.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $1.72 EPS. Sell-side analysts expect that Intercontinental Exchange will post 8.16 EPS for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Sharon Bowen sold 667 shares of Intercontinental Exchange stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $151.28, for a total value of $100,903.76. Following the sale, the director directly owned 15,077 shares in the company, valued at approximately $2,280,848.56. The trade was a 4.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $155.42, for a total transaction of $663,798.82. Following the completion of the sale, the chief technology officer owned 64,869 shares in the company, valued at approximately $10,081,939.98. This represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 12,092 shares of company stock valued at $1,860,424. 0.84% of the stock is currently owned by insiders.

Institutional Trading of Intercontinental Exchange

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ares Financial Consulting LLC bought a new stake in Intercontinental Exchange in the 4th quarter valued at $25,000. Holos Integrated Wealth LLC bought a new stake in Intercontinental Exchange in the 4th quarter valued at $28,000. Steph & Co. increased its holdings in Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 89 shares during the last quarter. Brooklands Fund Management Ltd bought a new stake in Intercontinental Exchange in the 4th quarter valued at $28,000. Finally, Swiss RE Ltd. bought a new stake in Intercontinental Exchange in the 4th quarter valued at $28,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.