Andrew J. Surdykowski Sells 955 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) General Counsel Andrew J. Surdykowski sold 955 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intercontinental Exchange Trading Down 1.0 %

Shares of NYSE:ICE opened at $156.55 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50-day moving average is $160.04 and its 200-day moving average is $153.11. The company has a market cap of $89.89 billion, a P/E ratio of 37.10, a P/E/G ratio of 2.61 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52-week low of $117.49 and a 52-week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the business posted $1.46 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities research analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Institutional Trading of Intercontinental Exchange

A number of hedge funds have recently bought and sold shares of the stock. Wolff Wiese Magana LLC lifted its position in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares during the period. Northwest Investment Counselors LLC bought a new position in Intercontinental Exchange in the third quarter worth $26,000. Financial Management Professionals Inc. lifted its position in Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 87 shares during the period. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the second quarter worth $25,000. Finally, Capital Performance Advisors LLP bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $29,000. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of research reports. Barclays boosted their target price on Intercontinental Exchange from $173.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. increased their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Piper Sandler boosted their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Bank of America raised their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $175.07.

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.