Warren Gardiner Sells 750 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) CFO Warren Gardiner sold 750 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the sale, the chief financial officer now directly owns 16,576 shares of the company’s stock, valued at $2,675,863.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Intercontinental Exchange Stock Down 1.3 %

Shares of NYSE:ICE traded down $2.04 during trading on Wednesday, reaching $159.93. 3,072,528 shares of the stock traded hands, compared to its average volume of 2,460,742. The stock has a market cap of $91.73 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 2.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50-day moving average of $153.01 and a two-hundred day moving average of $141.55. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $163.71.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Citigroup raised their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their price target for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Argus reissued a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Finally, Barclays upped their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $154.93.

Institutional Trading of Intercontinental Exchange

A number of institutional investors have recently made changes to their positions in ICE. Scarborough Advisors LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $25,000. Annapolis Financial Services LLC grew its position in Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the period. New Millennium Group LLC purchased a new stake in Intercontinental Exchange during the 2nd quarter valued at $25,000. International Assets Investment Management LLC bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. Finally, Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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.