Intercontinental Exchange (NYSE:ICE) General Counsel Andrew Surdykowski Sells 2,081 Shares of Stock

Intercontinental Exchange Inc. (NYSE:ICE) General Counsel Andrew Surdykowski sold 2,081 shares of Intercontinental Exchange stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total value of $314,231.00. Following the transaction, the general counsel directly owned 44,212 shares of the company’s stock, valued at $6,676,012. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercontinental Exchange Trading Down 0.6%

NYSE:ICE traded down $0.86 on Friday, reaching $151.85. The stock had a trading volume of 431,969 shares, compared to its average volume of 3,158,745. The firm’s fifty day moving average is $160.62 and its two-hundred day moving average is $172.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $86.58 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 2.11 and a beta of 1.06. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 earnings per share. Equities analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Institutional Trading of Intercontinental Exchange

Institutional investors and hedge funds have recently modified their holdings of the stock. Princeton Global Asset Management LLC bought a new stake in Intercontinental Exchange during the 2nd quarter worth about $28,000. Activest Wealth Management increased its stake in shares of Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 162 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Intercontinental Exchange during the second quarter worth $29,000. McClarren Financial Advisors Inc. acquired a new position in shares of Intercontinental Exchange during the 1st quarter worth approximately $30,000. Finally, Private Wealth Management Group LLC raised its holdings in Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Barclays set a $183.00 price target on Intercontinental Exchange and gave the company an “overweight” rating in a research report on Friday, October 31st. Raymond James Financial raised Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price objective for the company in a research note on Monday, October 13th. UBS Group reduced their price objective on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Intercontinental Exchange has an average rating of “Buy” and a consensus target price of $194.70.

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.