Intercontinental Exchange Inc (NYSE:ICE) Director Jean Marc Forneri sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $70.68, for a total transaction of $565,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intercontinental Exchange Inc (NYSE:ICE) opened at $70.93 on Monday. Intercontinental Exchange Inc has a 1-year low of $55.79 and a 1-year high of $72.99. The company has a market cap of $41,495.91, a price-to-earnings ratio of 24.29, a P/E/G ratio of 2.63 and a beta of 0.73. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. analysts forecast that Intercontinental Exchange Inc will post 2.95 EPS for the current fiscal year.

Intercontinental Exchange announced that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the financial services provider to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Several brokerages have commented on ICE. Wells Fargo & Company upped their target price on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 5th. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Barclays increased their target price on shares of Intercontinental Exchange from $72.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Royal Bank Of Canada increased their target price on shares of Intercontinental Exchange from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Monday, October 16th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $73.00 target price on shares of Intercontinental Exchange in a report on Sunday, October 8th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $73.30.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Intercontinental Exchange by 2.1% in the second quarter. Vanguard Group Inc. now owns 40,162,938 shares of the financial services provider’s stock valued at $2,647,541,000 after acquiring an additional 844,270 shares during the last quarter. BlackRock Inc. lifted its stake in Intercontinental Exchange by 1.1% in the second quarter. BlackRock Inc. now owns 35,446,221 shares of the financial services provider’s stock valued at $2,336,613,000 after acquiring an additional 396,042 shares during the last quarter. Northern Trust Corp lifted its stake in Intercontinental Exchange by 19.9% in the second quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock valued at $748,538,000 after acquiring an additional 1,883,432 shares during the last quarter. Carmignac Gestion lifted its stake in Intercontinental Exchange by 0.4% in the second quarter. Carmignac Gestion now owns 10,375,555 shares of the financial services provider’s stock valued at $683,957,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Intercontinental Exchange by 14.6% in the third quarter. Janus Henderson Group PLC now owns 10,373,823 shares of the financial services provider’s stock valued at $712,683,000 after acquiring an additional 1,325,290 shares during the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

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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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