Intercontinental Exchange (ICE) Hits New 1-Year High at $77.23

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Intercontinental Exchange Inc (NYSE:ICE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $77.23 and last traded at $77.15, with a volume of 171088 shares changing hands. The stock had previously closed at $76.28.

A number of equities research analysts have issued reports on ICE shares. Citigroup boosted their target price on shares of Intercontinental Exchange from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Wednesday, July 4th. Barclays boosted their price target on shares of Intercontinental Exchange from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, July 12th. FIX started coverage on shares of Intercontinental Exchange in a research report on Wednesday. They set a “buy” rating and a $88.00 price target for the company. Finally, ValuEngine lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $81.44.

The stock has a market cap of $43.71 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 2.22 and a beta of 0.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. analysts forecast that Intercontinental Exchange Inc will post 3.48 EPS for the current year.

In related news, President Benjamin Jackson sold 3,395 shares of the company’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $74.07, for a total value of $251,467.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Charles A. Vice sold 35,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $72.59, for a total transaction of $2,540,650.00. Following the completion of the transaction, the insider now owns 419,907 shares of the company’s stock, valued at $30,481,049.13. The disclosure for this sale can be found here. Insiders sold 169,593 shares of company stock valued at $12,424,066 over the last quarter. 1.50% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Global X Management Co. LLC boosted its position in Intercontinental Exchange by 5.9% during the first quarter. Global X Management Co. LLC now owns 13,859 shares of the financial services provider’s stock valued at $1,005,000 after buying an additional 775 shares during the period. Dupont Capital Management Corp boosted its position in Intercontinental Exchange by 35.3% during the first quarter. Dupont Capital Management Corp now owns 4,216 shares of the financial services provider’s stock valued at $306,000 after buying an additional 1,101 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in Intercontinental Exchange by 134.1% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,425 shares of the financial services provider’s stock valued at $684,000 after buying an additional 5,399 shares during the period. Atria Investments LLC boosted its position in Intercontinental Exchange by 30.9% during the first quarter. Atria Investments LLC now owns 15,901 shares of the financial services provider’s stock valued at $1,153,000 after buying an additional 3,753 shares during the period. Finally, Commerce Bank boosted its position in Intercontinental Exchange by 17.6% during the first quarter. Commerce Bank now owns 32,166 shares of the financial services provider’s stock valued at $2,333,000 after buying an additional 4,823 shares during the period. Institutional investors own 88.55% of the company’s stock.

Intercontinental Exchange Company Profile (NYSE:ICE)

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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