Intercontinental Exchange Inc (NYSE:ICE) COO Lynn C. Martin Sells 2,500 Shares of Stock

Intercontinental Exchange Inc (NYSE:ICE) COO Lynn C. Martin sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $94.75, for a total transaction of $236,875.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of ICE traded up $0.16 during trading hours on Friday, hitting $94.89. 1,508,161 shares of the stock were exchanged, compared to its average volume of 1,619,674. Intercontinental Exchange Inc has a fifty-two week low of $69.69 and a fifty-two week high of $95.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day moving average of $91.42 and a 200-day moving average of $83.40. The firm has a market capitalization of $53.09 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $0.90 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts forecast that Intercontinental Exchange Inc will post 3.78 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on ICE shares. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Raymond James raised their price target on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 5th. Finally, Citigroup downgraded shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and raised their price target for the company from $92.00 to $99.00 in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and an average target price of $88.25.

Several institutional investors and hedge funds have recently bought and sold shares of ICE. Nuveen Asset Management LLC increased its position in shares of Intercontinental Exchange by 17,275.2% during the second quarter. Nuveen Asset Management LLC now owns 5,039,683 shares of the financial services provider’s stock worth $433,110,000 after buying an additional 5,010,678 shares during the period. Lazard Asset Management LLC grew its holdings in Intercontinental Exchange by 63.8% in the first quarter. Lazard Asset Management LLC now owns 12,800,711 shares of the financial services provider’s stock worth $974,645,000 after purchasing an additional 4,986,008 shares during the period. Veritas Asset Management LLP acquired a new stake in Intercontinental Exchange in the second quarter worth $414,300,000. Invesco Ltd. grew its holdings in Intercontinental Exchange by 143.0% in the second quarter. Invesco Ltd. now owns 6,510,255 shares of the financial services provider’s stock worth $559,491,000 after purchasing an additional 3,831,538 shares during the period. Finally, Artisan Partners Limited Partnership grew its holdings in Intercontinental Exchange by 107.1% in the first quarter. Artisan Partners Limited Partnership now owns 4,378,312 shares of the financial services provider’s stock worth $333,365,000 after purchasing an additional 2,264,702 shares during the period. Institutional investors own 90.15% 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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