Intercontinental Exchange (NYSE:ICE) Price Target Increased to $185.00 by Analysts at The Goldman Sachs Group

Intercontinental Exchange (NYSE:ICE) had its price objective upped by The Goldman Sachs Group from $171.00 to $185.00 in a research note published on Thursday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on the company. Citigroup increased their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a buy rating in a research note on Tuesday, July 9th. Royal Bank of Canada initiated coverage on shares of Intercontinental Exchange in a research report on Friday, September 27th. They set an outperform rating and a $200.00 target price on the stock. Barclays upped their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an overweight rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a hold rating in a report on Thursday, August 15th. Finally, StockNews.com downgraded Intercontinental Exchange from a hold rating to a sell rating in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $165.13.

Intercontinental Exchange Trading Up 1.5 %

NYSE ICE opened at $163.26 on Thursday. The firm has a market capitalization of $93.64 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange has a one year low of $104.49 and a one year high of $163.71. The company’s 50 day moving average price is $157.92 and its 200 day moving average price is $144.16.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, sell-side analysts predict that Intercontinental Exchange will post 6.04 EPS for the current year.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the sale, the chief executive officer now owns 1,179,993 shares of the company’s stock, valued at approximately $167,181,408.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,316 shares of company stock worth $9,835,609. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intercontinental Exchange

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Intercontinental Exchange by 7.5% in the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock worth $6,978,218,000 after acquiring an additional 3,536,913 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Intercontinental Exchange by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after buying an additional 4,251,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Intercontinental Exchange by 4.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,280,194 shares of the financial services provider’s stock worth $725,657,000 after buying an additional 218,516 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of Intercontinental Exchange by 0.6% in the first quarter. Mawer Investment Management Ltd. now owns 4,696,457 shares of the financial services provider’s stock valued at $645,434,000 after buying an additional 28,771 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Intercontinental Exchange by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider’s stock valued at $609,609,000 after acquiring an additional 191,763 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

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.