Intercontinental Exchange (NYSE:ICE) CTO Mayur Kapani Sells 15,213 Shares of Stock

Intercontinental Exchange Inc. (NYSE:ICE) CTO Mayur Kapani sold 15,213 shares of the company’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 sale, the chief technology officer owned 64,869 shares of the company’s stock, valued at $10,055,992.38. This trade represents a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value of $837,401.15.

Intercontinental Exchange Trading Up 0.3%

NYSE:ICE traded up $0.41 during trading hours on Friday, hitting $154.52. The company had a trading volume of 410,869 shares, compared to its average volume of 4,119,791. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The company has a market cap of $87.75 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.62 and a beta of 1.02. The company has a 50-day moving average of $164.76 and a 200 day 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.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is 33.28%.

Institutional Trading of Intercontinental Exchange

Several hedge funds have recently made changes to their positions in ICE. Ares Financial Consulting LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter worth $28,000. Holos Integrated Wealth LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $28,000. Steph & Co. raised its stake in shares of 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 acquiring an additional 89 shares in the last quarter. Finally, Brooklands Fund Management Ltd purchased a new position in Intercontinental Exchange in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the subject of several analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $211.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Buy” and an average target price of $195.40.

Intercontinental Exchange Company Profile

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.