Intercontinental Exchange Inc. (NYSE:ICE) CFO Scott A. Hill sold 37,630 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $70.03, for a total value of $2,635,228.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Intercontinental Exchange Inc. (NYSE ICE) traded down 2.31% on Friday, reaching $69.32. The company’s stock had a trading volume of 2,604,233 shares. The stock’s 50 day moving average is $66.36 and its 200-day moving average is $63.53. Intercontinental Exchange Inc. has a 52 week low of $52.27 and a 52 week high of $71.24. The firm has a market capitalization of $7.98 billion, a PE ratio of 25.68 and a beta of 0.74.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts predict that Intercontinental Exchange Inc. will post $2.95 EPS for the current year.

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A number of brokerages have weighed in on ICE. Zacks Investment Research upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company raised their price objective on Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday. Royal Bank Of Canada upgraded Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $65.00 to $70.00 in a research note on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $73.00 price objective (up previously from $70.00) on shares of Intercontinental Exchange in a research note on Monday, July 17th. Finally, BidaskClub lowered Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $69.28.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America boosted its holdings in Intercontinental Exchange by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 16 shares in the last quarter. IHT Wealth Management LLC boosted its holdings 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 valued at $101,000 after purchasing an additional 18 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in Intercontinental Exchange by 0.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,483 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 29 shares in the last quarter. Thompson Davis & CO. Inc. boosted its holdings 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 valued at $100,000 after purchasing an additional 32 shares in the last quarter. Finally, Aspen Investment Management Inc boosted its holdings in Intercontinental Exchange by 0.6% during the second quarter. Aspen Investment Management Inc now owns 8,820 shares of the financial services provider’s stock valued at $581,000 after purchasing an additional 50 shares in the last quarter. 89.75% of the stock is currently owned by institutional investors.

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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