Intercontinental Exchange Inc (NYSE:ICE) COO Mark Wassersug Sells 2,982 Shares
Intercontinental Exchange Inc (NYSE:ICE) COO Mark Wassersug sold 2,982 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $94.35, for a total transaction of $281,351.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
ICE stock opened at $94.43 on Friday. The firm has a 50 day moving average of $93.24 and a 200 day moving average of $91.96. The stock has a market capitalization of $52.12 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.69 and a beta of 0.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.39. Intercontinental Exchange Inc has a 52 week low of $71.90 and a 52 week high of $95.56.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Intercontinental Exchange had a net margin of 31.97% and a return on equity of 12.79%. Intercontinental Exchange’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. On average, equities research analysts expect that Intercontinental Exchange Inc will post 3.9 earnings per share for the current year.
A number of brokerages have issued reports on ICE. JPMorgan Chase & Co. raised their price target on shares of Intercontinental Exchange from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Citigroup set a $101.00 price objective on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research note on Monday, October 21st. Oppenheimer initiated coverage on shares of Intercontinental Exchange in a research note on Monday, September 16th. They set an “outperform” rating and a $100.00 price objective on the stock. ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, FIX initiated coverage on shares of Intercontinental Exchange in a report on Monday, September 16th. They issued an “outperform” rating and a $100.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Intercontinental Exchange presently has an average rating of “Buy” and a consensus price target of $96.54.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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