David S. Goone Sells 9,405 Shares of Intercontinental Exchange Inc (NYSE:ICE) Stock

Intercontinental Exchange Inc (NYSE:ICE) insider David S. Goone sold 9,405 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $89.01, for a total value of $837,139.05. Following the sale, the insider now directly owns 172,145 shares in the company, valued at approximately $15,322,626.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE ICE opened at $90.29 on Thursday. The stock’s 50-day simple moving average is $85.21. Intercontinental Exchange Inc has a twelve month low of $69.69 and a twelve month high of $90.46. The stock has a market capitalization of $50.75 billion, a P/E ratio of 25.15, a PEG ratio of 2.89 and a beta of 0.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts predict that Intercontinental Exchange Inc will post 3.76 EPS for the current fiscal year.

ICE has been the topic of a number of analyst reports. Raymond James increased their price objective on Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 5th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Bank of America set a $180.00 price objective on CME Group and gave the company a “hold” rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank increased their price objective on T. Rowe Price Group from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $86.26.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICE. Carroll Financial Associates Inc. lifted its position in Intercontinental Exchange by 51.3% during the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after buying an additional 122 shares during the period. Sontag Advisory LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth about $34,000. Arlington Partners LLC purchased a new position in shares of Intercontinental Exchange in the 2nd quarter worth about $34,000. Pittenger & Anderson Inc. purchased a new position in shares of Intercontinental Exchange in the 1st quarter worth about $44,000. Finally, Resources Investment Advisors Inc. raised its holdings in shares of Intercontinental Exchange by 111.7% in the 4th quarter. Resources Investment Advisors Inc. now owns 635 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 335 shares during the period. Hedge funds and other institutional investors own 88.97% of the company’s stock.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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