Key Points
- Intercontinental Exchange CTO Mayur Kapani sold 15,213 shares on February 18 at an average price of $155.02 for proceeds of $2.36M, reducing his stake by 19% to 64,869 shares (valued at about $10.06M).
- ICE reported a quarterly beat, with $1.71 EPS vs. $1.67 expected and revenue of $3.14B (vs. $2.51B est.), with revenue up 7.8% year-over-year and a net margin of 26.23%.
- Analysts remain generally positive—the consensus rating is "Buy" with a $195.40 target—and the company recently declared a $0.52 quarterly dividend ( $2.08 annualized, ~1.3% yield).
Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) CTO Mayur Kapani sold 15,213 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $155.02, for a total value of $2,358,319.26. Following the completion of the transaction, the chief technology officer owned 64,869 shares of the company's stock, valued at $10,055,992.38. The trade was a 19.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Mayur Kapani also recently made the following trade(s):
- On Monday, December 8th, Mayur Kapani sold 5,345 shares of Intercontinental Exchange stock. The stock was sold at an average price of $156.67, for a total transaction of $837,401.15.
Intercontinental Exchange Stock Up 0.3%
NYSE:ICE traded up $0.41 during mid-day trading on Friday, hitting $154.52. The stock had a trading volume of 410,869 shares, compared to its average volume of 4,119,791. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35. The stock has a 50-day simple moving average of $164.76 and a two-hundred day simple moving average of $164.78. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $87.75 billion, a PE ratio of 26.84, a PEG ratio of 1.62 and a beta of 1.02.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the firm posted $1.52 EPS. The company's quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.
Intercontinental Exchange Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 33.28%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $28,000. Ares Financial Consulting LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $25,000. Brooklands Fund Management Ltd purchased a new stake in Intercontinental Exchange in the 4th quarter valued at $28,000. Westside Investment Management Inc. acquired a new stake in Intercontinental Exchange during the 2nd quarter worth $29,000. Finally, Dorato Capital Management acquired a new stake in Intercontinental Exchange during the 4th quarter worth $29,000. Institutional investors and hedge funds own 89.30% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an "overweight" rating for the company in a research report on Friday, October 31st. Piper Sandler restated an "overweight" rating and set a $195.00 target price (down previously from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the company an "equal weight" rating in a report on Tuesday, February 10th. UBS Group reissued a "buy" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Monday, February 9th. Finally, Barclays set a $193.00 price objective on shares of Intercontinental Exchange and gave the stock an "overweight" rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $195.40.
Get Our Latest Stock Analysis on Intercontinental Exchange
Intercontinental Exchange Company Profile
(
Get Free Report)
Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.
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