Intercontinental Exchange (NYSE:ICE) Raised to Hold at StockNews.com

Intercontinental Exchange (NYSE:ICE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $143.00 to $167.00 in a research report on Monday, July 1st. Citigroup lifted their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Barclays boosted their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $154.93.

Intercontinental Exchange Stock Up 0.8 %

Shares of NYSE:ICE opened at $161.55 on Thursday. The stock’s 50-day moving average is $149.21 and its 200 day moving average is $140.10. The company has a market cap of $92.66 billion, a PE ratio of 37.05, a P/E/G ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 1.01. Intercontinental Exchange has a 1 year low of $104.49 and a 1 year high of $161.97.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS. Sell-side analysts anticipate that Intercontinental Exchange will post 6 EPS for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,043 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the sale, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at $2,675,400. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Judith A. Sprieser sold 1,941 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total transaction of $311,899.29. Following the completion of the sale, the director now owns 26,908 shares of the company’s stock, valued at $4,323,846.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James W. Namkung sold 1,043 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,836 shares in the company, valued at $2,675,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,346 shares of company stock worth $9,472,911. 1.10% of the stock is owned by insiders.

Institutional Trading of Intercontinental Exchange

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter valued at $25,000. Annapolis Financial Services LLC boosted its holdings in shares of Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the last quarter. New Millennium Group LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $25,000. International Assets Investment Management LLC bought a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $25,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Intercontinental Exchange during the first quarter valued at approximately $26,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.