Intercontinental Exchange, Inc. (NYSE:ICE) CTO Mayur Kapani Sells 5,661 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Intercontinental Exchange Stock Performance

ICE traded down $1.16 on Friday, hitting $149.07. The company had a trading volume of 3,301,963 shares, compared to its average volume of 3,231,314. The stock has a market cap of $85.59 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The company’s fifty day moving average price is $153.35 and its 200 day moving average price is $155.44. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. Intercontinental Exchange’s revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ICE has been the subject of a number of research reports. Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a report on Monday, October 14th. Piper Sandler increased their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Barclays cut their price objective on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a report on Monday. The Goldman Sachs Group upped their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods cut their price target on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $175.27.

Hedge Funds Weigh In On Intercontinental Exchange

A number of institutional investors have recently made changes to their positions in ICE. Wealth Enhancement Advisory Services LLC grew its holdings in Intercontinental Exchange by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider’s stock valued at $5,647,000 after buying an additional 366 shares during the last quarter. M&T Bank Corp grew its stake in shares of Intercontinental Exchange by 33.2% in the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider’s stock worth $7,500,000 after acquiring an additional 11,648 shares during the last quarter. Toronto Dominion Bank increased its position in Intercontinental Exchange by 1.6% during the third quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider’s stock worth $49,888,000 after acquiring an additional 4,973 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Intercontinental Exchange during the 3rd quarter valued at $14,880,000. Finally, GDS Wealth Management boosted its holdings in Intercontinental Exchange by 5.3% in the 3rd quarter. GDS Wealth Management now owns 103,412 shares of the financial services provider’s stock valued at $16,612,000 after purchasing an additional 5,226 shares during the period. 89.30% of the stock is currently owned by institutional investors.

About Intercontinental Exchange

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.