Barclays Issues Pessimistic Forecast for Intercontinental Exchange (NYSE:ICE) Stock Price

Intercontinental Exchange (NYSE:ICE) had its price target cut by research analysts at Barclays from $187.00 to $179.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would suggest a potential upside of 23.34% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Bank of America increased their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley increased their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. TD Cowen began coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $175.20.

Intercontinental Exchange Trading Up 0.9 %

Intercontinental Exchange stock opened at $145.13 on Monday. Intercontinental Exchange has a 12 month low of $124.34 and a 12 month high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $83.33 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.57 and a beta of 1.10. The company’s fifty day simple moving average is $153.62 and its 200-day simple moving average is $155.53.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the firm earned $1.46 earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, sell-side analysts forecast that Intercontinental Exchange will post 6.07 EPS for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the transaction, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,533 shares of company stock worth $1,196,279 over the last three months. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. HBK Sorce Advisory LLC lifted its holdings in shares of Intercontinental Exchange by 3.7% during the 2nd quarter. HBK Sorce Advisory LLC now owns 2,112 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 75 shares during the period. Parallel Advisors LLC boosted its holdings in Intercontinental Exchange by 2.8% during the second quarter. Parallel Advisors LLC now owns 6,016 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 164 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $238,000. Envestnet Asset Management Inc. raised its holdings in shares of Intercontinental Exchange by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,062,336 shares of the financial services provider’s stock worth $145,423,000 after buying an additional 53,506 shares in the last quarter. Finally, Rathbones Group PLC lifted its position in shares of Intercontinental Exchange by 10.5% during the 2nd quarter. Rathbones Group PLC now owns 2,342 shares of the financial services provider’s stock worth $321,000 after buying an additional 222 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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.