Insider Selling: Intercontinental Exchange, Inc. (NYSE:ICE) Director Sells $70,312.67 in Stock

Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) Director Martha A. Tirinnanzi sold 397 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total transaction of $70,312.67. Following the transaction, the director now directly owns 4,526 shares in the company, valued at approximately $801,599.86. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Intercontinental Exchange Price Performance

Shares of ICE traded up $1.42 during mid-day trading on Friday, reaching $179.95. The stock had a trading volume of 5,439,058 shares, compared to its average volume of 3,019,714. The firm has a market cap of $103.22 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 12 month low of $132.57 and a 12 month high of $180.64. The business has a fifty day moving average of $168.09 and a 200 day moving average of $162.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business posted $1.48 EPS. Intercontinental Exchange's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in shares of Intercontinental Exchange in the first quarter worth $35,308,000. Jacobi Capital Management LLC increased its holdings in Intercontinental Exchange by 1.0% in the 1st quarter. Jacobi Capital Management LLC now owns 13,420 shares of the financial services provider's stock valued at $2,315,000 after acquiring an additional 132 shares during the last quarter. Advisors Capital Management LLC lifted its stake in Intercontinental Exchange by 25.0% in the 1st quarter. Advisors Capital Management LLC now owns 1,978 shares of the financial services provider's stock worth $341,000 after purchasing an additional 396 shares in the last quarter. McAdam LLC boosted its holdings in shares of Intercontinental Exchange by 6.4% during the 1st quarter. McAdam LLC now owns 1,690 shares of the financial services provider's stock valued at $291,000 after purchasing an additional 102 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Intercontinental Exchange by 9.7% during the first quarter. Acadian Asset Management LLC now owns 510,004 shares of the financial services provider's stock valued at $87,961,000 after purchasing an additional 44,924 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ICE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Bank of America dropped their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Barclays lifted their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, UBS Group boosted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and a consensus price target of $188.46.

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.