Charles A. Vice Sells 12,500 Shares of Intercontinental Exchange Inc. (ICE) Stock

Intercontinental Exchange Inc. (NYSE:ICE) insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction on Friday, October 6th. The shares were sold at an average price of $69.76, for a total transaction of $872,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Intercontinental Exchange Inc. (NYSE:ICE) opened at 70.09 on Thursday. The stock’s 50 day moving average is $66.89 and its 200-day moving average is $63.83. The stock has a market cap of $8.06 billion, a PE ratio of 25.97 and a beta of 0.74. Intercontinental Exchange Inc. has a 1-year low of $52.27 and a 1-year high of $71.24.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business earned $0.69 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts predict that Intercontinental Exchange Inc. will post $2.95 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the business. Guardian Life Insurance Co. of America increased its holdings in Intercontinental Exchange by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 16 shares in the last quarter. IHT Wealth Management LLC increased its holdings in Intercontinental Exchange by 10.8% during the 2nd quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 18 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Intercontinental Exchange by 0.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,483 shares of the financial services provider’s stock valued at $559,000 after acquiring an additional 29 shares in the last quarter. Thompson Davis & CO. Inc. increased its holdings in Intercontinental Exchange by 2.2% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 32 shares in the last quarter. Finally, Aspen Investment Management Inc increased its holdings in Intercontinental Exchange by 0.6% during the 2nd quarter. Aspen Investment Management Inc now owns 8,820 shares of the financial services provider’s stock valued at $581,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 89.75% of the company’s stock.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Thursday, July 13th. Royal Bank Of Canada raised shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $65.00 to $70.00 in a report on Thursday, July 13th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Intercontinental Exchange in a report on Sunday. Finally, Barclays PLC boosted their target price on shares of Intercontinental Exchange from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $70.78.

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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