Judith Sprieser Sells 2,900 Shares of Intercontinental Exchange (NYSE:ICE) Stock

Key Points

• Director Judith Sprieser sold 2,900 shares of Intercontinental Exchange stock at an average price of $174.51, totaling approximately $506,079, which resulted in a 13.76% decrease in her position.
• Intercontinental Exchange recently reported $1.81 earnings per share for the quarter, exceeding analyst expectations of $1.77, with revenue of $3.26 billion, up by 9.8% year-over-year.
• Research analysts have given Intercontinental Exchange an average rating of "Moderate Buy", with target prices being raised by multiple firms, including UBS and Barclays, reflecting strong investor confidence.

Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) Director Judith Sprieser sold 2,900 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the transaction, the director owned 18,169 shares in the company, valued at approximately $3,170,672.19. This trade represents a 13.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded down $0.42 during mid-day trading on Monday, hitting $173.85. The company's stock had a trading volume of 2,322,615 shares, compared to its average volume of 2,975,511. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $99.52 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.08 and a beta of 1.10. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $189.35. The stock's fifty day moving average price is $181.49 and its two-hundred day moving average price is $174.88.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.04. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The firm had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the company posted $1.52 EPS. The company's quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ICE. UBS Group boosted their target price on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays boosted their target price on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Piper Sandler upped their price objective on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $194.92.

Institutional Trading of Intercontinental Exchange

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICE. Optivise Advisory Services LLC boosted its holdings in shares of Intercontinental Exchange by 3.1% during the 2nd quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider's stock worth $329,000 after buying an additional 54 shares during the period. ICONIQ Capital LLC boosted its holdings in shares of Intercontinental Exchange by 2.2% during the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider's stock worth $481,000 after buying an additional 56 shares during the period. Tritonpoint Wealth LLC boosted its holdings in shares of Intercontinental Exchange by 1.4% during the 2nd quarter. Tritonpoint Wealth LLC now owns 4,347 shares of the financial services provider's stock worth $798,000 after buying an additional 58 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Intercontinental Exchange by 5.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider's stock worth $221,000 after buying an additional 58 shares during the period. Finally, RB Capital Management LLC boosted its holdings in shares of Intercontinental Exchange by 1.3% during the 2nd quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider's stock worth $841,000 after buying an additional 59 shares during the period. Institutional investors own 89.30% of the company's stock.

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.

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