Key Points
- Intercontinental Exchange CTO Mayur Kapani sold 5,345 shares on December 8 at an average price of $156.67 for about $837,401, reducing his stake by 7.57% to 65,240 shares; he also sold 10,082 shares on October 8 at $158.88 (~$1.6M).
- Company fundamentals and sentiment: ICE reported Q3 EPS of $1.71 (in line) and revenue of $3.01B (beat), has a market cap near $91.6B with a P/E ~29, and analysts carry an average "Buy" rating with a consensus target of $194.70.
Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) CTO Mayur Kapani sold 5,345 shares of the business's stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $156.67, for a total value of $837,401.15. Following the transaction, the chief technology officer directly owned 65,240 shares of the company's stock, valued at approximately $10,221,150.80. This represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Mayur Kapani also recently made the following trade(s):
- On Wednesday, October 8th, Mayur Kapani sold 10,082 shares of Intercontinental Exchange stock. The shares were sold at an average price of $158.88, for a total transaction of $1,601,828.16.
Intercontinental Exchange Stock Up 1.6%
Shares of Intercontinental Exchange stock opened at $160.56 on Thursday. 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 Inc. has a 52-week low of $142.29 and a 52-week high of $189.35. The company has a market capitalization of $91.55 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.40 and a beta of 1.05. The company has a 50 day moving average of $154.92 and a 200 day moving average of $170.36.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting analysts' consensus estimates of $1.71. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company's revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $1.55 EPS. As a group, research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Raymond James Financial raised Intercontinental Exchange from an "outperform" rating to a "strong-buy" rating and set a $210.00 price objective for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $202.00 to $180.00 and set an "overweight" rating for the company in a research note on Friday, October 31st. TD Cowen dropped their price target on shares of Intercontinental Exchange from $199.00 to $175.00 and set a "buy" rating on the stock in a research note on Friday, October 31st. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a "moderate buy" rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. 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's stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of "Buy" and a consensus target price of $194.70.
View Our Latest Research Report on ICE
Institutional Investors Weigh In On Intercontinental Exchange
Institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock valued at $514,000 after purchasing an additional 1,169 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Intercontinental Exchange in the 1st quarter worth about $126,000. Benjamin Edwards Inc. grew its stake in Intercontinental Exchange by 2.4% in the 1st quarter. Benjamin Edwards Inc. now owns 7,395 shares of the financial services provider's stock valued at $1,276,000 after acquiring an additional 171 shares during the last quarter. Independent Advisor Alliance increased its holdings in Intercontinental Exchange by 5.5% during the 1st quarter. Independent Advisor Alliance now owns 9,741 shares of the financial services provider's stock valued at $1,680,000 after acquiring an additional 511 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Intercontinental Exchange by 3.1% during the 1st quarter. Public Sector Pension Investment Board now owns 153,649 shares of the financial services provider's stock valued at $26,504,000 after acquiring an additional 4,677 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.
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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