Intercontinental Exchange Inc. (NYSE:ICE) Receives $194.73 Consensus Price Target from Analysts

Shares of Intercontinental Exchange Inc. (NYSE:ICE) have received a consensus rating of “Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $194.7273.

ICE has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Monday, February 9th. Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Barclays set a $193.00 price target on Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, February 6th. Piper Sandler restated an “overweight” rating and set a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th.

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 15,213 shares of the firm’s stock in a transaction that occurred on 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 approximately $10,055,992.38. This trade represents a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 11,303 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the completion of the transaction, the insider owned 14,266 shares of the company’s stock, valued at $2,194,396.12. This trade represents a 44.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 348,418 shares of company stock worth $54,196,631 over the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Intercontinental Exchange

Hedge funds have recently added to or reduced their stakes in the business. Ares Financial Consulting LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $28,000. Steph & Co. boosted its holdings in Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 89 shares during the period. Brooklands Fund Management Ltd purchased a new position in Intercontinental Exchange in the fourth quarter valued at $28,000. Finally, Swiss RE Ltd. acquired a new position in Intercontinental Exchange during the 4th quarter worth $28,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Up 0.3%

NYSE ICE opened at $159.12 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $90.36 billion, a P/E ratio of 27.58, a PEG ratio of 1.71 and a beta of 1.03. The firm’s 50-day moving average is $164.52 and its two-hundred day moving average is $162.33. Intercontinental Exchange has a 12 month low of $143.17 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the business earned $1.52 earnings per share. On average, sell-side analysts anticipate that Intercontinental Exchange will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 33.28%.

About Intercontinental Exchange

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.