Intercontinental Exchange Inc (NYSE:ICE) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 4,790,000 shares, a drop of 11.8% from the December 15th total of 5,430,000 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 2,460,000 shares, the short-interest ratio is currently 1.9 days.

Shares of NYSE:ICE traded down $1.26 during trading on Tuesday, reaching $93.77. 3,287,654 shares of the company traded hands, compared to its average volume of 2,596,808. The firm has a fifty day simple moving average of $93.28 and a 200 day simple moving average of $92.16. The firm has a market cap of $52.92 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 2.71 and a beta of 0.45. Intercontinental Exchange has a 1-year low of $71.90 and a 1-year high of $95.56. 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 (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating 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%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. As a group, research analysts anticipate that Intercontinental Exchange will post 3.89 EPS for the current year.

ICE has been the subject of a number of recent analyst reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of Intercontinental Exchange in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on shares of Intercontinental Exchange from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. 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 target price for the company. Barclays set a $104.00 target price on shares of Intercontinental Exchange and gave the company a “buy” rating in a research note on Sunday, November 3rd. Finally, Credit Suisse Group initiated coverage on shares of Intercontinental Exchange in a research note on Monday, December 16th. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus target price of $96.54.

In related news, Vice Chairman Charles A. Vice sold 9,413 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $94.54, for a total value of $889,905.02. Following the completion of the transaction, the insider now owns 363,723 shares of the company’s stock, valued at approximately $34,386,372.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark Wassersug sold 2,982 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $94.35, for a total transaction of $281,351.70. The disclosure for this sale can be found here. Insiders sold a total of 162,528 shares of company stock valued at $15,088,203 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Fulton Breakefield Broenniman LLC lifted its stake in shares of Intercontinental Exchange by 13.5% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 4,318 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 515 shares during the last quarter. UNIVEST FINANCIAL Corp lifted its stake in shares of Intercontinental Exchange by 19.1% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 65,153 shares of the financial services provider’s stock valued at $3,676,000 after purchasing an additional 10,443 shares during the last quarter. 6 Meridian lifted its stake in shares of Intercontinental Exchange by 3.9% in the 4th quarter. 6 Meridian now owns 6,188 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 234 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $684,000. Finally, First Hawaiian Bank lifted its stake in shares of Intercontinental Exchange by 45.1% in the 4th quarter. First Hawaiian Bank now owns 14,353 shares of the financial services provider’s stock valued at $1,329,000 after purchasing an additional 4,461 shares during the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: What economic reports are most valuable to investors?

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.