Intercontinental Exchange Inc. (NYSE:ICE) shares traded 0.22% higher at $116.54 on Wall Street last session.
In accordance with the data, 19 analysts cover Intercontinental Exchange Inc. (NYSE:ICE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $168.00 and a low of $117.00, we find $130.00. Given the previous closing price of $116.28, this indicates a potential upside of 11.8 percent. ICE stock price is now 5.10% away from the 50-day moving average and 11.09% away from the 200-day moving average. The market capitalization of the company currently stands at $64.92B.
It has been rated a hold by 5 analysts and a buy by 10. Brokers who have rated the stock have averaged $132.69 as their price target over the next twelve months.
With the price target of $123, Barclays recently initiated with Equal Weight rating for Intercontinental Exchange Inc. (NYSE: ICE).
In other news, Jackson Benjamin, President sold 3,000 shares of the company’s stock on Jul 12. The stock was sold for $346,620 at an average price of $115.54. Upon completion of the transaction, the President now directly owns 125,647 shares in the company, valued at $14.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12, Chief Development Officer Edmonds Christopher Scott sold 1,044 shares of the business’s stock. A total of $120,624 was realized by selling the stock at an average price of $115.54. This leaves the insider owning 16,256 shares of the company worth $1.89 million. Insiders disposed of 519,789 shares of company stock worth roughly $60.58 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ICE stock. A new stake in Intercontinental Exchange Inc. shares was purchased by SENATOR INVESTMENT GROUP LP during the first quarter worth $75,751,000. INCLUSIVE CAPITAL PARTNERS, L.P. invested $58,270,000 in shares of ICE during the first quarter. In the first quarter, DENDUR CAPITAL LP acquired a new stake in Intercontinental Exchange Inc. valued at approximately $45,430,000. PARSIFAL CAPITAL MANAGEMENT, LP acquired a new stake in ICE for approximately $31,166,000. CONSOLIDATED PRESS INTERNATIONAL HOLDINGS LTD purchased a new stake in ICE valued at around $19,404,000 in the second quarter. In total, there are 1,712 active investors with 91.20% ownership of the company’s stock.
Intercontinental Exchange Inc. (NYSE: ICE) opened at $115.65 on Tuesday. During the past 12 months, Intercontinental Exchange Inc. has had a low of $88.60 and a high of $117.85. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 1.10, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $81.53B, which is based on a 45.28 price-to-earnings ratio, a 7.64 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for ICE is $111.05 and a two-hundred day moving average price translates $105.02 for the stock.
The latest earnings results from Intercontinental Exchange Inc. (NYSE: ICE) was released for Mar, 2023. According to the Financial Data & Stock Exchanges Company, earnings per share came in at $1.41, beating analysts’ expectations of $1.4 by 0.01. This compares to $1.18 EPS in the same period last year. The net profit margin was 15.00% and return on equity was 6.30% for ICE. The company reported revenue of $1.9 billion for the quarter, compared to $1.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.16 percent. For the current quarter, analysts expect ICE to generate $1.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/15/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 1.44% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, ICE is presently at 60.40%.
Intercontinental Exchange Inc.(ICE) 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. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates regulated marketplaces for listing, trading, and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange, and equities, as well as corporate and exchange-traded funds; and trading venues, including regulated exchanges and clearing houses. It also offers energy, agricultural and metals, and financial futures and options; and cash equities and equity options, and over-the-counter and other markets, as well as listings and data and connectivity services. In addition, the company provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. Further, it offers proprietary and comprehensive mortgage origination platform, which serves residential mortgage loans; closing solutions that provides customers connectivity to the mortgage supply chain and facilitates the secure exchange of information; data and analytics services; and Data as a Service for lenders to access data and origination information. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.
