Intercontinental Exchange (NYSE:ICE) Upgraded at Wall Street Zen

Wall Street Zen upgraded Intercontinental Exchange (NYSE:ICE) from a "sell" to a "hold" rating. Other brokerages, including Morgan Stanley, UBS Group, TD Cowen, JPMorgan Chase & Co., and Barclays, have adjusted their target prices and ratings for ICE. The stock has a consensus "Buy" rating with a target price of $194.70. Recent insider trading includes sales by SVP Douglas Foley and CEO Jeffrey C. Sprecher. Institutional investors have also adjusted their positions in ICE.

Intercontinental Exchange (NYSE:ICE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

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A number of other brokerages have also recently weighed in on ICE. Morgan Stanley dropped their target price on shares of Intercontinental Exchange from $188.00 to $178.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 21st. UBS Group dropped their price objective on shares of Intercontinental Exchange from $215.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, October 31st. TD Cowen cut their target price on shares of Intercontinental Exchange from $199.00 to $175.00 and set a "buy" rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. decreased their target price on Intercontinental Exchange from $202.00 to $180.00 and set an "overweight" rating for the company in a research note on Friday, October 31st. Finally, Barclays set a $183.00 price target on Intercontinental Exchange and gave the stock an "overweight" rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $194.70.

View Our Latest Stock Report on Intercontinental Exchange

Intercontinental Exchange Trading Down 0.9%

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NYSE:ICE opened at $157.63 on Friday. The company has a market cap of $89.88 billion, a PE ratio of 28.71, a P/E/G ratio of 2.42 and a beta of 1.05. The business's 50 day moving average is $155.39 and its two-hundred day moving average is $170.75. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange has a 52 week low of $142.29 and a 52 week high of $189.35.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.71. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $1.55 EPS. The business's revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Intercontinental Exchange will post 6.73 EPS for the current year.

Insider Activity at Intercontinental Exchange

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In other news, SVP Douglas Foley sold 1,600 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $175.62, for a total value of $280,992.00. Following the sale, the senior vice president owned 25,796 shares of the company's stock, valued at approximately $4,530,293.52. The trade was a 5.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm's stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total value of $22,962,000.00. Following the transaction, the chief executive officer directly owned 1,801,705 shares of the company's stock, valued at $275,805,001.40. This represents a 7.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 168,044 shares of company stock worth $25,832,095 in the last quarter. Company insiders own 1.00% of the company's stock.

Institutional Trading of Intercontinental Exchange

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its position in shares of Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock valued at $514,000 after acquiring an additional 1,169 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Intercontinental Exchange by 6.4% during the first quarter. Atria Wealth Solutions Inc. now owns 16,593 shares of the financial services provider's stock worth $2,862,000 after purchasing an additional 996 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Intercontinental Exchange by 11.7% during the first quarter. Chicago Partners Investment Group LLC now owns 2,651 shares of the financial services provider's stock valued at $468,000 after purchasing an additional 277 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of Intercontinental Exchange in the 1st quarter valued at $425,000. Finally, LaSalle St. Investment Advisors LLC increased its stake in Intercontinental Exchange by 10.1% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,010 shares of the financial services provider's stock worth $346,000 after purchasing an additional 185 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

About Intercontinental Exchange

(Get Free Report)

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.

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