Morgan Stanley Increases Intercontinental Exchange (NYSE:ICE) Price Target to $142.00

Intercontinental Exchange (NYSE:ICE - Get Free Report) had its price objective lifted by analysts at Morgan Stanley from $139.00 to $142.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's target price would suggest a potential upside of 5.14% from the stock's current price.

ICE has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an "overweight" rating in a report on Friday, February 9th. Citigroup lifted their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, April 4th. Rosenblatt Securities lifted their price target on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a "buy" rating in a report on Friday, February 9th. UBS Group lifted their price target on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, February 12th. Finally, Piper Sandler lifted their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the stock an "overweight" rating in a report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.08.

Intercontinental Exchange Stock Down 1.3 %

Shares of ICE stock traded down $1.82 during trading hours on Tuesday, reaching $135.06. The company had a trading volume of 2,140,009 shares, compared to its average volume of 2,397,374. Intercontinental Exchange has a 12 month low of $103.81 and a 12 month high of $140.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day simple moving average of $135.82 and a 200-day simple moving average of $123.19. The company has a market cap of $77.34 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 2.20 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the company earned $1.25 earnings per share. The company's revenue for the quarter was up 24.5% on a year-over-year basis. On average, research analysts expect that Intercontinental Exchange will post 5.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the firm's stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the purchase, the insider now directly owns 7,476,345 shares of the company's stock, valued at $6,504,420.15. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the firm's stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the purchase, the insider now directly owns 7,476,345 shares of the company's stock, valued at $6,504,420.15. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Douglas Foley sold 7,070 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the transaction, the senior vice president now owns 18,383 shares in the company, valued at $2,501,742.47. The disclosure for this sale can be found here. Insiders have sold 157,491 shares of company stock worth $21,454,204 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intercontinental Exchange

Institutional investors have recently modified their holdings of the company. Pettyjohn Wood & White Inc. increased its holdings in shares of Intercontinental Exchange by 0.5% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider's stock worth $2,031,000 after purchasing an additional 75 shares during the last quarter. Western Pacific Wealth Management LP increased its stake in Intercontinental Exchange by 4.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider's stock worth $220,000 after acquiring an additional 80 shares during the last quarter. Kampmann Melissa S. increased its stake in Intercontinental Exchange by 0.3% during the fourth quarter. Kampmann Melissa S. now owns 26,175 shares of the financial services provider's stock worth $3,362,000 after acquiring an additional 85 shares during the last quarter. Assetmark Inc. increased its stake in Intercontinental Exchange by 0.8% during the fourth quarter. Assetmark Inc. now owns 10,224 shares of the financial services provider's stock worth $1,313,000 after acquiring an additional 86 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its stake in Intercontinental Exchange by 3.8% during the second quarter. Jefferies Financial Group Inc. now owns 2,432 shares of the financial services provider's stock worth $275,000 after acquiring an additional 88 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Company Profile

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.