Analysts Set Intercontinental Exchange, Inc. (NYSE:ICE) Price Target at $175.07

Shares of Intercontinental Exchange, Inc. (NYSE:ICE) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $175.07.

Several equities analysts have recently weighed in on ICE shares. Barclays lifted their price target on Intercontinental Exchange from $173.00 to $187.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. TD Cowen started coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price for the company. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America boosted their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Piper Sandler upped their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,533 shares of company stock valued at $1,196,279 in the last quarter. 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 ICE. Wealth Enhancement Advisory Services LLC increased its stake in Intercontinental Exchange by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider’s stock worth $5,647,000 after buying an additional 366 shares in the last quarter. Park National Corp OH boosted its stake in shares of Intercontinental Exchange by 2.6% in the fourth quarter. Park National Corp OH now owns 189,564 shares of the financial services provider’s stock worth $28,247,000 after acquiring an additional 4,862 shares during the period. Diversified Trust Co boosted its stake in shares of Intercontinental Exchange by 55.3% in the fourth quarter. Diversified Trust Co now owns 9,247 shares of the financial services provider’s stock worth $1,378,000 after acquiring an additional 3,294 shares during the period. Iowa State Bank raised its stake in Intercontinental Exchange by 0.9% during the 4th quarter. Iowa State Bank now owns 30,194 shares of the financial services provider’s stock valued at $4,499,000 after purchasing an additional 267 shares during the period. Finally, CWA Asset Management Group LLC lifted its holdings in Intercontinental Exchange by 1.5% in the 4th quarter. CWA Asset Management Group LLC now owns 5,431 shares of the financial services provider’s stock worth $809,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 2.6 %

Shares of Intercontinental Exchange stock opened at $142.73 on Monday. Intercontinental Exchange has a 1 year low of $124.34 and a 1 year high of $167.99. The firm has a market cap of $81.95 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.57 and a beta of 1.10. The company has a 50-day moving average of $154.09 and a 200 day moving average of $155.18. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00.

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

About Intercontinental Exchange

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.