Intercontinental Exchange Inc (ICE) Vice Chairman Charles A. Vice Sells 7,500 Shares

Intercontinental Exchange Inc (NYSE:ICE) Vice Chairman Charles A. Vice sold 7,500 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $72.55, for a total transaction of $544,125.00. Following the sale, the insider now directly owns 377,471 shares in the company, valued at $27,385,521.05. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Intercontinental Exchange Inc (NYSE ICE) traded up $0.93 during mid-day trading on Tuesday, hitting $74.05. 2,366,844 shares of the stock were exchanged, compared to its average volume of 2,835,607. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $43,320.00, a PE ratio of 26.93, a price-to-earnings-growth ratio of 2.29 and a beta of 0.70. Intercontinental Exchange Inc has a 12 month low of $55.80 and a 12 month high of $74.33.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. Intercontinental Exchange’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. research analysts anticipate that Intercontinental Exchange Inc will post 2.95 EPS for the current fiscal year.

Intercontinental Exchange announced that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Wednesday, January 3rd. Wells Fargo & Co boosted their price target on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $73.00 price target on shares of Intercontinental Exchange in a research report on Sunday, October 8th. Royal Bank of Canada boosted their price target on shares of Intercontinental Exchange from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. Finally, Citigroup boosted their price target on shares of Intercontinental Exchange from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $75.40.

Several hedge funds have recently modified their holdings of the company. Tandem Investment Advisors Inc. raised its holdings in shares of Intercontinental Exchange by 3.1% in the 4th quarter. Tandem Investment Advisors Inc. now owns 139,595 shares of the financial services provider’s stock valued at $9,850,000 after purchasing an additional 4,154 shares during the period. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $741,000. Atlantic Trust Group LLC raised its holdings in shares of Intercontinental Exchange by 3.6% in the 3rd quarter. Atlantic Trust Group LLC now owns 344,034 shares of the financial services provider’s stock valued at $23,635,000 after purchasing an additional 12,033 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Intercontinental Exchange by 6.1% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,738,062 shares of the financial services provider’s stock valued at $119,405,000 after purchasing an additional 99,415 shares during the period. Finally, AXA raised its holdings in shares of Intercontinental Exchange by 6.8% in the 3rd quarter. AXA now owns 255,959 shares of the financial services provider’s stock valued at $17,585,000 after purchasing an additional 16,304 shares during the period. 89.96% of the stock is currently owned by institutional investors.

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Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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