Intercontinental Exchange, Inc. (NYSE:ICE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Intercontinental Exchange, Inc. (NYSE:ICE) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $148.29.

A number of analysts recently commented on the company. Piper Sandler boosted their target price on Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Barclays decreased their price objective on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Morgan Stanley boosted their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods decreased their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, May 13th.

Intercontinental Exchange Stock Up 0.7 %

Shares of NYSE:ICE opened at $136.34 on Friday. The company has a market capitalization of $78.20 billion, a price-to-earnings ratio of 31.27, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50-day moving average is $134.28 and its 200-day moving average is $128.84. Intercontinental Exchange has a 1 year low of $103.81 and a 1 year high of $140.43.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company posted $1.41 EPS. The firm’s revenue was up 20.8% compared to the same quarter last year. Equities research analysts predict that Intercontinental Exchange will post 5.96 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In other news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the purchase, the insider now owns 7,476,345 shares in the company, valued at $6,504,420.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now owns 48,713 shares in the company, valued at $6,417,450.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the company’s stock in a transaction on Monday, March 4th. The shares were bought at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the transaction, the insider now owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 61,467 shares of company stock worth $8,433,168. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Intercontinental Exchange

Institutional investors have recently made changes to their positions in the stock. Annapolis Financial Services LLC lifted its position in shares of Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Intercontinental Exchange in the first quarter worth $26,000. Scarborough Advisors LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $25,000. Venturi Wealth Management LLC increased its holdings in shares of Intercontinental Exchange by 82.3% in the first quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 93 shares during the period. Finally, Fortitude Family Office LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $28,000. 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.