Intercontinental Exchange (NYSE:ICE) CTO Sells $837,401.15 in Stock

Intercontinental Exchange Inc. (NYSE:ICE) CTO Mayur Kapani sold 5,345 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $156.67, for a total transaction of $837,401.15. Following the completion of the sale, the chief technology officer owned 65,240 shares in the company, valued at $10,221,150.80. The trade was a 7.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Mayur Kapani also recently made the following trade(s):

• On Wednesday, October 8th, Mayur Kapani sold 10,082 shares of Intercontinental Exchange stock. The stock was sold at an average price of $158.88, for a total transaction of $1,601,828.16.

Intercontinental Exchange Stock Up 1.6%

NYSE:ICE traded up $2.55 during trading hours on Wednesday, hitting $160.56. The company’s stock had a trading volume of 4,277,248 shares, compared to its average volume of 3,207,169. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $189.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $91.55 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. The stock has a fifty day moving average of $154.97 and a 200-day moving average of $170.43.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.71. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the firm posted $1.55 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on ICE. Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Barclays set a $183.00 target price on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Morgan Stanley reduced their price target on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $194.70.

Hedge Funds Weigh In On Intercontinental Exchange

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Princeton Global Asset Management LLC purchased a new position in Intercontinental Exchange during the 2nd quarter worth $28,000. Westside Investment Management Inc. acquired a new position in shares of Intercontinental Exchange during the second quarter worth about $29,000. 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 acquiring an additional 162 shares during the period. Hilltop National Bank purchased a new position in Intercontinental Exchange during the second quarter worth about $31,000. Finally, Knuff & Co LLC lifted its position in Intercontinental Exchange by 73.3% in the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 74 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

About Intercontinental Exchange

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.