Intercontinental Exchange Inc (NYSE:ICE) General Counsel Johnathan H. Short sold 6,000 shares of the company’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $74.50, for a total value of $447,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Johnathan H. Short also recently made the following trade(s):

  • On Wednesday, May 16th, Johnathan H. Short sold 6,000 shares of Intercontinental Exchange stock. The shares were sold at an average price of $71.67, for a total value of $430,020.00.

ICE traded up $0.20 during midday trading on Wednesday, hitting $74.64. 1,328,591 shares of the company were exchanged, compared to its average volume of 2,602,384. The company has a market capitalization of $43.20 billion, a P/E ratio of 25.26, a P/E/G ratio of 2.02 and a beta of 0.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 0.98. Intercontinental Exchange Inc has a 1-year low of $63.22 and a 1-year high of $76.69.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 3rd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.02. Intercontinental Exchange had a net margin of 41.65% and a return on equity of 11.14%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $0.74 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. analysts forecast that Intercontinental Exchange Inc will post 3.54 EPS for the current year.

Several hedge funds have recently bought and sold shares of ICE. Profund Advisors LLC boosted its stake in shares of Intercontinental Exchange by 30.6% during the 4th quarter. Profund Advisors LLC now owns 19,460 shares of the financial services provider’s stock worth $1,373,000 after acquiring an additional 4,560 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Intercontinental Exchange by 8.5% during the 4th quarter. Advisor Group Inc. now owns 31,542 shares of the financial services provider’s stock worth $2,225,000 after acquiring an additional 2,471 shares in the last quarter. HPM Partners LLC boosted its stake in shares of Intercontinental Exchange by 16.5% during the 4th quarter. HPM Partners LLC now owns 20,815 shares of the financial services provider’s stock worth $1,469,000 after acquiring an additional 2,949 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Intercontinental Exchange by 491.0% during the 4th quarter. Two Sigma Investments LP now owns 15,641 shares of the financial services provider’s stock worth $1,104,000 after acquiring an additional 19,641 shares in the last quarter. Finally, HBK Investments L P boosted its stake in shares of Intercontinental Exchange by 1,858.4% during the 4th quarter. HBK Investments L P now owns 161,708 shares of the financial services provider’s stock worth $11,410,000 after acquiring an additional 153,451 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on ICE. Zacks Investment Research downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank upped their target price on Intercontinental Exchange from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, April 6th. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Sanford C. Bernstein began coverage on Intercontinental Exchange in a research report on Monday, April 9th. They issued an “outperform” rating and a $85.00 target price on the stock. Finally, JPMorgan Chase & Co. set a $83.00 target price on Intercontinental Exchange and gave the company a “buy” rating in a research report on Wednesday, May 2nd. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.53.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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