Intercontinental Exchange Inc (NYSE:ICE) CFO Scott A. Hill sold 7,526 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $75.00, for a total value of $564,450.00. Following the sale, the chief financial officer now directly owns 202,371 shares of the company’s stock, valued at approximately $15,177,825. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Intercontinental Exchange Inc (NYSE:ICE) opened at $74.80 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $43,760.00, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.64 and a beta of 0.70. Intercontinental Exchange Inc has a 12-month low of $56.21 and a 12-month high of $75.58.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. sell-side analysts forecast that Intercontinental Exchange Inc will post 2.94 earnings per share for the current fiscal year.
Intercontinental Exchange declared that its board has authorized a stock repurchase program on Thursday, November 2nd that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
ICE has been the subject of several research reports. Argus raised their price target on Intercontinental Exchange from $72.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $73.00 price target on shares of Intercontinental Exchange in a report on Sunday, October 8th. Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Wednesday, January 3rd. Wells Fargo & Co raised their price target on Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, October 5th. Finally, Royal Bank of Canada raised their price target on Intercontinental Exchange from $70.00 to $76.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $75.40.
A number of hedge funds have recently bought and sold shares of ICE. IHT Wealth Management LLC increased its position in Intercontinental Exchange by 10.8% during the 2nd quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock worth $101,000 after buying an additional 18 shares during the period. Americafirst Capital Management LLC bought a new position in Intercontinental Exchange during the 3rd quarter worth $145,000. Savant Capital LLC bought a new position in Intercontinental Exchange during the 3rd quarter worth $206,000. Geneva Partners LLC bought a new position in Intercontinental Exchange during the 3rd quarter worth $206,000. Finally, HighPoint Advisor Group LLC bought a new position in Intercontinental Exchange during the 3rd quarter worth $214,000. Hedge funds and other institutional investors own 90.08% of the company’s stock.
Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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