Intercontinental Exchange (NYSE:ICE) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Intercontinental Exchange (NYSE:ICE – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Several other brokerages have also weighed in on ICE. Deutsche Bank Aktiengesellschaft lowered their price objective on Intercontinental Exchange from $134.00 to $131.00 in a report on Wednesday, January 11th. Rosenblatt Securities boosted their price objective on Intercontinental Exchange from $164.00 to $168.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Bank of America upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their target price for the company from $116.00 to $132.00 in a research note on Thursday, November 17th. Citigroup lifted their target price on Intercontinental Exchange from $110.00 to $117.00 and gave the company a “neutral” rating in a research note on Friday, February 3rd. Finally, TheStreet upgraded Intercontinental Exchange from a “c+” rating to a “b-” rating in a research note on Wednesday, January 25th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $129.91.

Intercontinental Exchange Stock Down 1.3 %

Shares of NYSE ICE opened at $97.52 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $54.50 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 3.27 and a beta of 0.92. Intercontinental Exchange has a 1 year low of $88.60 and a 1 year high of $137.40. The stock’s 50-day simple moving average is $105.46 and its 200-day simple moving average is $101.48.

Intercontinental Exchange (NYSE:ICE – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.78 billion. Intercontinental Exchange had a net margin of 15.01% and a return on equity of 13.11%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 earnings per share. As a group, equities analysts anticipate that Intercontinental Exchange will post 5.4 earnings per share for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 81,827 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $104.02, for a total transaction of $8,511,644.54. Following the completion of the transaction, the chief executive officer now directly owns 1,203,104 shares in the company, valued at $125,146,878.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $104.80, for a total value of $167,680.00. Following the completion of the sale, the senior vice president now directly owns 21,481 shares in the company, valued at $2,251,208.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 81,827 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $104.02, for a total value of $8,511,644.54. Following the completion of the sale, the chief executive officer now owns 1,203,104 shares of the company’s stock, valued at $125,146,878.08. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Intercontinental Exchange

A number of institutional investors have recently added to or reduced their stakes in ICE. Vestcor Inc increased its holdings in shares of Intercontinental Exchange by 0.5% in the fourth quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock valued at $1,839,000 after buying an additional 94 shares in the last quarter. Peterson Wealth Services increased its holdings in shares of Intercontinental Exchange by 3.3% in the fourth quarter. Peterson Wealth Services now owns 2,957 shares of the financial services provider’s stock valued at $303,000 after buying an additional 95 shares in the last quarter. Strengthening Families & Communities LLC increased its holdings in shares of Intercontinental Exchange by 4.4% in the fourth quarter. Strengthening Families & Communities LLC now owns 2,269 shares of the financial services provider’s stock valued at $232,000 after buying an additional 95 shares in the last quarter. Capital Impact Advisors LLC increased its holdings in shares of Intercontinental Exchange by 7.0% in the fourth quarter. Capital Impact Advisors LLC now owns 1,509 shares of the financial services provider’s stock valued at $155,000 after buying an additional 99 shares in the last quarter. Finally, Associated Banc Corp increased its holdings in shares of Intercontinental Exchange by 3.2% in the fourth quarter. Associated Banc Corp now owns 3,308 shares of the financial services provider’s stock valued at $339,000 after buying an additional 103 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

About Intercontinental Exchange

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Intercontinental Exchange, Inc engages in the provision of market infrastructure, data services and technology solutions. It operates through the following segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment includes trading and listing revenue from the global futures network, the New York Stock Exchange and other registered securities exchanges.