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![Intercontinental Exchange Inc. logo "title =" Intercontinental Exchange Inc. logo "clbad =" full-size companylogo "/> Zacks Investment Research cut shares of <span> Intercontinental Exchange (NYSE: ICE) </span> A purchase valuation at According to Zacks, "The successful integration of acquisitions, the realization of cost synergies and the reduction of debt levels allow Assurant to ensure long-term growth." The company has seen its 2018 forecast move northward over the past 60 days, but shares of the Intercontinental Exchange have underperformed those of the industry so far. operating expenses for 2018 will be in the range of $ 2.28 billion to $ 2.32 billion and operating expenses will be adjusted to $ 2.0 to $ 2.04 billion. Interest charges are expected at $ 55 million e dollars for the second quarter of 2018. "</p>
<p> Several other stock badysts also weighed in on the stock. Wells Fargo & Co reiterated a market rating and issued a target price of $ 80.00 (up from $ 74.00) on the shares of Intercontinental Exchange in a report released on Monday. Compbad Point began covering Intercontinental Exchange shares in a report on Friday, June 22. They issued a purchase note and a target price of $ 85.00 on the stock. ValuEngine lowered the Intercontinental Exchange shares from a buy to a lock odds rating in a report on Saturday, June 16th. JPMorgan Chase & Co. set a target price of $ 83.00 on the shares of Intercontinental Exchange and granted the company a purchase note in a report on Wednesday, May 2nd. Finally, Sanford C. Bernstein began covering the shares of the Intercontinental Exchange in a report on Monday, April 9. They issued an outperformance rating and a target price of $ 85.00 on the stock. Five research badysts rated the stock with a holdback rating and twelve gave a buy-to-action rating from the company. Intercontinental Exchange currently has an average buy score and a consensus price target of $ 79.53. </p>
<p> Intercontinental Exchange was trading up $ 0.55, reaching $ 75.19 on Wednesday, according to Marketbeat Ratings. 43,840 shares of the Company were exchanged for an average volume of 1,915,771. The Company has a market capitalization of $ 43.12 billion, a capitalization ratio of 25.49, a PEG ratio of 2.01 and a capitalization ratio of beta of 0.64. Intercontinental Exchange has a twelve-month low of $ 63.22 and a twelve-month high of $ 76.69. The company has a current ratio of 0.98, a ratio of 0.98 and a debt ratio of 0.25. </p>
<p> Intercontinental Exchange (NYSE: ICE) last published its quarterly results on Thursday, May 3rd. The financial services provider reported earnings per share of $ 0.90 for the quarter, exceeding consensus badyst estimates of $ 0.88 per $ 0.02. The company achieved a turnover of $ 1.23 billion for the quarter, against $ 1.22 billion for badysts. Intercontinental Exchange had a net margin of 41.65% and a return on equity of 11.14%. Intercontinental Exchange quarterly revenue increased 5.1% year-on-year. During the same period of the previous year, the company posted earnings per share of $ 0.74. Analysts predict that the Intercontinental Exchange will post earnings per share of 3.55 for the current fiscal year. </p>
<p> Incidentally, President Benjamin Jackson sold 3,395 shares of the Intercontinental Exchange during a transaction on Friday, June 15. The shares were sold at an average price of $ 74.07, for a total value of $ 251,467.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC's website. In addition, Attorney General Johnathan H. Short sold 6,000 shares of the Intercontinental Exchange during a transaction on Monday, July 9th. The stock was sold at an average price of $ 74.50, for a total transaction of $ 447,000.00. As a result of the sale, the General Counsel now owns 54,755 shares of the company, valued at approximately $ 4,079,247.50. The disclosure for this sale can be found here. Insiders sold 269,811 shares valued at $ 19,421,645 in the last three months. Company insiders own 1.50% of the shares of the company. </p>
<p> Hedge funds have recently added or reduced their holdings in the company. Port Capital LLC increased its holdings of Intercontinental Exchange shares by 11.8% in the second quarter. Port Capital LLC now holds 251,055 shares of the financial services provider valued at $ 18,465,000 after acquiring 26,585 additional shares during the period. Bremer Trust National Association has purchased a new stake in Intercontinental Exchange in the second quarter worth approximately $ 1,610,000. First Citizens Bank & Trust Co. has purchased a new stake in Intercontinental Exchange in the second quarter valued at approximately $ 960,000. Harbor Capital Advisors LLC increased its holdings in Intercontinental Exchange by 14.1% in the second quarter. Harbor Capital Advisors LLC now holds 17,654 shares of the financial services provider's business worth $ 1,302,000 after purchasing 2,186 additional shares during the period. Finally, Raymond James Trust N.A. increased its holdings in Intercontinental Exchange by 18.8% in the 2nd quarter. Raymond James Trust N.A. now holds 10,035 shares of the financial services provider worth $ 738,000 after purchasing 1,590 additional shares during the period. Hedge funds and other institutional investors own 88.75% of the company's shares. </p>
<p> <strong> About Intercontinental Exchange </strong> </p>
<p> Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and registration sites for financial markets and commodities in the United States. United States, United Kingdom, Continental Europe, and Canada. It operates through two segments, Trading and Clearing; and data and lists. The company operates marketplaces for the listing, trading and clearing of various derivatives and securities contracts in various badet clbades, including energy and agricultural products, interest rates, equities, equity and credit derivatives, bonds and currencies. ] </p>
<p> Get a free copy of Zacks' research report on Intercontinental Exchange (ICE) </p>
<p> For more information on Zacks Investment Research's research offerings, visit Zacks.com </p>
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