Martha Tirinnanzi Sells 141 Shares of Intercontinental Exchange (NYSE:ICE) Stock

Key Points

• Director Martha Tirinnanzi sold 141 Intercontinental Exchange shares at an average price of $155, worth $21,855, reducing her holdings by 2.7% to 5,087 shares.
• ICE recently reported quarterly EPS of $1.90, beating expectations of $1.84, while revenue rose 4.8% year over year to $3.61 billion.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $183.33, compared with the stock’s recent price of $154.62; institutional investors own 89.3% of shares.

Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) Director Martha Tirinnanzi sold 141 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $155.00, for a total value of $21,855.00. Following the sale, the director owned 5,087 shares in the company, valued at approximately $788,485. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Intercontinental Exchange Stock Down 0.1%

NYSE:ICE traded down $0.11 during trading hours on Monday, reaching $154.62. The company had a trading volume of 2,639,583 shares, compared to its average volume of 3,997,333. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The firm has a market cap of $86.80 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 1.52 and a beta of 0.92. The business's 50-day simple moving average is $140.59 and its two-hundred day simple moving average is $152.10. Intercontinental Exchange Inc. has a twelve month low of $121.79 and a twelve month high of $181.72.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the company posted $1.81 earnings per share. The company's quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group reaffirmed a "buy" rating and issued a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Morgan Stanley lowered their target price on shares of Intercontinental Exchange from $187.00 to $163.00 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Barclays reiterated an "overweight" rating and set a $182.00 price target (up from $180.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Piper Sandler decreased their price objective on Intercontinental Exchange from $211.00 to $190.00 and set an "overweight" rating for the company in a report on Wednesday, July 15th. Finally, Weiss Ratings lowered Intercontinental Exchange from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $183.33.

Institutional Investors Weigh In On Intercontinental Exchange

Several large investors have recently modified their holdings of ICE. Ares Financial Consulting LLC bought a new position in Intercontinental Exchange during the fourth quarter valued at $25,000. Rakuten Securities Inc. bought a new stake in shares of Intercontinental Exchange in the second quarter valued at $26,000. Brooklands Fund Management Ltd purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Swiss RE Ltd. purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Intercontinental Exchange during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange NYSE: ICE is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

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