Intercontinental Exchange (NYSE:ICE) Reaches New 52-Week High at $95.56

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Intercontinental Exchange Inc (NYSE:ICE) reached a new 52-week high on Friday . The company traded as high as $95.56 and last traded at $94.38, with a volume of 158578 shares traded. The stock had previously closed at $94.74.

A number of research firms have recently weighed in on ICE. ValuEngine downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co upped their price target on shares of Intercontinental Exchange from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Raymond James upped their price objective on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. FIX assumed coverage on shares of Intercontinental Exchange in a report on Monday, September 16th. They issued an “outperform” rating and a $100.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Intercontinental Exchange from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $91.88.

The stock has a market capitalization of $52.75 billion, a P/E ratio of 26.17, a PEG ratio of 3.01 and a beta of 0.50. The stock’s fifty day moving average is $92.83 and its 200-day moving average is $86.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. Intercontinental Exchange’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. On average, research analysts expect that Intercontinental Exchange Inc will post 3.8 EPS for the current year.

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,100 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $93.82, for a total transaction of $103,202.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Charles A. Vice sold 25,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $92.57, for a total transaction of $2,314,250.00. The disclosure for this sale can be found here. Insiders sold 140,115 shares of company stock valued at $12,980,660 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ICE. Next Capital Management LLC bought a new stake in Intercontinental Exchange during the second quarter valued at about $26,000. Carroll Financial Associates Inc. boosted its holdings in Intercontinental Exchange by 51.3% during the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 122 shares during the period. Arlington Partners LLC bought a new stake in Intercontinental Exchange during the second quarter valued at about $34,000. Sandy Spring Bank boosted its holdings in Intercontinental Exchange by 41.8% during the second quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 119 shares during the period. Finally, Capital Advisors Ltd. LLC bought a new stake in Intercontinental Exchange during the second quarter valued at about $42,000. Institutional investors own 89.74% of the company’s stock.

About Intercontinental Exchange (NYSE:ICE)

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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