Intercontinental Exchange Inc. (NYSE:ICE) insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $66.93, for a total transaction of $836,625.00. Following the completion of the transaction, the insider now owns 382,471 shares in the company, valued at approximately $25,598,784.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Intercontinental Exchange Inc. (NYSE:ICE) opened at 64.82 on Friday. The company’s 50 day moving average is $65.64 and its 200 day moving average is $61.09. Intercontinental Exchange Inc. has a 12 month low of $52.27 and a 12 month high of $67.48. The stock has a market cap of $7.46 billion, a PE ratio of 25.03 and a beta of 0.71.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 EPS. On average, analysts anticipate that Intercontinental Exchange Inc. will post $2.98 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of ICE. Guardian Life Insurance Co. of America boosted its stake in shares of Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock worth $138,000 after buying an additional 16 shares in the last quarter. Emerald Advisers Inc. PA boosted its stake in shares of Intercontinental Exchange by 0.3% in the first quarter. Emerald Advisers Inc. PA now owns 12,720 shares of the financial services provider’s stock worth $762,000 after buying an additional 39 shares in the last quarter. FCG Advisors LLC boosted its stake in shares of Intercontinental Exchange by 1.1% in the first quarter. FCG Advisors LLC now owns 6,125 shares of the financial services provider’s stock worth $367,000 after buying an additional 65 shares in the last quarter. Aspen Investment Management Inc boosted its stake in shares of Intercontinental Exchange by 0.8% in the first quarter. Aspen Investment Management Inc now owns 8,770 shares of the financial services provider’s stock worth $525,000 after buying an additional 70 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Intercontinental Exchange by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the financial services provider’s stock worth $2,419,000 after buying an additional 100 shares in the last quarter. 89.59% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Group LLC restated a “buy” rating and issued a $73.00 price objective (up previously from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. Royal Bank Of Canada upgraded shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $65.00 to $70.00 in a research report on Thursday, July 13th. Citigroup Inc. assumed coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, BidaskClub cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Intercontinental Exchange currently has a consensus rating of “Buy” and an average price target of $67.49.

Intercontinental Exchange Company Profile

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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