Andrew J. Surdykowski Sells 1,898 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) General Counsel Andrew J. Surdykowski sold 1,898 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the transaction, the general counsel now directly owns 46,815 shares in the company, valued at $6,397,737.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intercontinental Exchange Stock Down 0.4 %

Shares of ICE opened at $136.89 on Friday. The stock has a market cap of $78.52 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 2.56 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $140.43. The company has a 50-day moving average price of $134.52 and a two-hundred day moving average price of $132.82.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scarborough Advisors LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Annapolis Financial Services LLC raised its stake in shares of Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Intercontinental Exchange in the first quarter valued at approximately $26,000. Finally, Fortitude Family Office LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ICE. Rosenblatt Securities reaffirmed a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a research report on Friday, May 3rd. Barclays lowered their price target on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Morgan Stanley raised their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised their price target on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, Citigroup raised their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given 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 $148.29.

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.