Intercontinental Exchange (NYSE:ICE) CTO Sells $663,798.82 in Stock

by · The Cerbat Gem

Intercontinental Exchange Inc. (NYSE:ICE – Get Free Report) CTO Mayur Kapani sold 4,271 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $155.42, for a total transaction of $663,798.82. Following the transaction, the chief technology officer owned 64,869 shares of the company’s stock, valued at approximately $10,081,939.98. The trade was a 6.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mayur Kapani also recently made the following trade(s):

  • On Wednesday, February 18th, Mayur Kapani sold 15,213 shares of Intercontinental Exchange stock. The shares were sold at an average price of $155.02, for a total transaction of $2,358,319.26.

Intercontinental Exchange Stock Performance

ICE traded up $1.72 during trading on Monday, hitting $156.08. 3,264,622 shares of the company traded hands, compared to its average volume of 3,616,746. The firm has a market cap of $88.26 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. The stock’s fifty day moving average is $159.26 and its 200 day moving average is $159.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 earnings per share. As a group, equities analysts predict that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

Analysts Set New Price Targets

ICE has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Weiss Ratings lowered shares of Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Keefe, Bruyette & Woods initiated coverage on shares of Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 target price for the company. Barclays reiterated an “overweight” rating and set a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has an average rating of “Buy” and a consensus price target of $194.10.

Check Out Our Latest Analysis on ICE

Hedge Funds Weigh In On Intercontinental Exchange

A number of large investors have recently modified their holdings of ICE. Ares Financial Consulting LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Holos Integrated Wealth LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Steph & Co. boosted its position 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 during the period. Brooklands Fund Management Ltd bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Finally, Swiss RE Ltd. bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. 89.30% of the stock is currently owned by institutional investors.

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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