The stock of Intercontinental Exchange Inc (NYSE:ICE) last traded at $123.33, up 1.47% from the previous session.
ICE stock price is now 11.14% away from the 50-day moving average and 12.16% away from the 200-day moving average. The market capitalization of the company currently stands at $70.59B.
In other news, Edmonds Christopher Scott, Chief Development Officer sold 1,266 shares of the company’s stock on Dec 11. The stock was sold for $145,590 at an average price of $115.00. Upon completion of the transaction, the Chief Development Officer now directly owns 11,533 shares in the company, valued at $1.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 08, Chief Financial Officer Gardiner Warren sold 500 shares of the business’s stock. A total of $56,170 was realized by selling the stock at an average price of $112.34. This leaves the insider owning 15,025 shares of the company worth $1.85 million. Insiders disposed of 452,264 shares of company stock worth roughly $55.78 million over the past 1 year. A total of 0.99% of the company’s stock is owned by insiders.
During the past 12 months, Intercontinental Exchange Inc has had a low of $94.16 and a high of $121.73. According to the stock market information, the enterprise value for the company is $93.36B, which is based on a 28.63 price-to-earnings ratio, a 4.83 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for ICE is $110.97 and a two-hundred day moving average price translates $109.96 for the stock.
The latest earnings results from Intercontinental Exchange Inc (NYSE: ICE) was released for Sep, 2023. According to the Financial Data & Stock Exchanges Company, earnings per share came in at $1.46, beating analysts’ expectations of $1.39 by 0.07. This compares to -$0.31 EPS in the same period last year. The net profit margin was 26.26% and return on equity was 10.12% for ICE. The company reported revenue of $2.0 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 10.6 percent. For the current quarter, analysts expect ICE to generate $2.18B in revenue.
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.
