The price of Intercontinental Exchange Inc (NYSE:ICE) shares last traded on Wall Street rose 0.97% to $108.27.
Based on available information, 18 analysts follow 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 $118.00, we find $134.50. Given the previous closing price of $107.23, this indicates a potential upside of 25.43 percent. ICE stock price is now -5.77% away from the 50-day moving average and -0.23% away from the 200-day moving average. The market capitalization of the company currently stands at $60.66B.
Among analysts, 4 rate the stock a hold while 12 rate it a buy. Brokers who have rated the stock have averaged $134.29 as their price target over the next twelve months.
In other news, Sprecher Jeffrey C, Chief Executive Officer sold 88,683 shares of the company’s stock on Sep 21. The stock was sold for $10,004,908 at an average price of $112.82. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,169,965 shares in the company, valued at $126.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 21, Chief Executive Officer Sprecher Jeffrey C sold 30,000 shares of the business’s stock. A total of $3,383,842 was realized by selling the stock at an average price of $112.79. This leaves the insider owning 2,881,705 shares of the company worth $312.0 million. Insiders disposed of 423,348 shares of company stock worth roughly $45.84 million over the past 1 year. A total of 1.02% 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 THIRD POINT LLC during the first quarter worth $249,631,000. NOMURA HOLDINGS INC invested $64,704,000 in shares of ICE during the first quarter. In the first quarter, ZURICH INSURANCE GROUP LTD/FI acquired a new stake in Intercontinental Exchange Inc valued at approximately $63,824,000. ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in ICE for approximately $22,283,000. READYSTATE ASSET MANAGEMENT LP purchased a new stake in ICE valued at around $12,978,000 in the second quarter. In total, there are 1,726 active investors with 91.31% ownership of the company’s stock.
A candlestick chart of Intercontinental Exchange Inc (NYSE: ICE) showed a price of $107.79 on Wednesday morning. During the past 12 months, Intercontinental Exchange Inc has had a low of $88.60 and a high of $118.79. According to the stock market information, the enterprise value for the company is $76.72B, which is based on a 35.99 price-to-earnings ratio, a 5.29 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for ICE is $114.74 and a two-hundred day moving average price translates $108.54 for the stock.
The latest earnings results from Intercontinental Exchange Inc (NYSE: ICE) was released for Jun, 2023. According to the Financial Data & Stock Exchanges Company, earnings per share came in at $1.43, beating analysts’ expectations of $1.37 by 0.06. This compares to $1.01 EPS in the same period last year. The net profit margin was 18.61% and return on equity was 7.24% for ICE. The company reported revenue of $1.89 billion for the quarter, compared to $1.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.08 percent. For the current quarter, analysts expect ICE to generate $1.94B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 09/15/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 1.55% percent yield. There was an ex-dividend date of 09/14/2023 for this dividend. In terms of dividend payout ratio, ICE is presently at 58.97%.
