Intercontinental Exchange (NYSE:ICE) Price Target Raised to $206.00 at Barclays

Intercontinental Exchange (NYSE:ICE - Free Report) had its price objective hoisted by Barclays from $198.00 to $206.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

A number of other research firms have also weighed in on ICE. Morgan Stanley upped their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. UBS Group upped their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Bank of America reduced their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $192.58.

Intercontinental Exchange Stock Down 0.2%

ICE traded down $0.36 during midday trading on Thursday, hitting $181.80. The company had a trading volume of 1,894,320 shares, compared to its average volume of 2,980,389. Intercontinental Exchange has a 52 week low of $142.29 and a 52 week high of $183.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $104.28 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 1.96 and a beta of 1.11. The stock's 50 day moving average price is $178.33 and its 200 day moving average price is $167.39.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business posted $1.48 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. On average, research analysts anticipate that Intercontinental Exchange will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.06%. Intercontinental Exchange's payout ratio is currently 39.75%.

Insider Activity at Intercontinental Exchange

In related news, CAO James W. Namkung sold 612 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the completion of the transaction, the chief accounting officer directly owned 13,220 shares of the company's stock, valued at approximately $2,379,600. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $179.12, for a total transaction of $689,253.76. Following the completion of the transaction, the general counsel directly owned 48,480 shares of the company's stock, valued at approximately $8,683,737.60. This trade represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 228,749 shares of company stock worth $40,942,387 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock valued at $514,000 after purchasing an additional 1,169 shares in the last quarter. Proficio Capital Partners LLC grew its position in shares of Intercontinental Exchange by 37.1% during the 4th quarter. Proficio Capital Partners LLC now owns 2,238 shares of the financial services provider's stock valued at $333,000 after purchasing an additional 606 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after purchasing an additional 71 shares in the last quarter. Independent Advisor Alliance grew its position in shares of Intercontinental Exchange by 29.0% during the 4th quarter. Independent Advisor Alliance now owns 9,230 shares of the financial services provider's stock valued at $1,375,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of Intercontinental Exchange by 6.0% during the 4th quarter. Moors & Cabot Inc. now owns 13,667 shares of the financial services provider's stock valued at $2,036,000 after purchasing an additional 774 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

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.