Brokerages Set Intercontinental Exchange, Inc. (NYSE:ICE) Price Target at $148.08

Shares of Intercontinental Exchange, Inc. (NYSE:ICE) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $147.92.

Several equities research analysts recently weighed in on the company. UBS Group boosted their target price on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Rosenblatt Securities reissued a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research report on Friday. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday. Keefe, Bruyette & Woods lowered their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Raymond James upped their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, January 5th.

Insider Activity

In related news, CAO James W. Namkung sold 1,182 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $156,059.46. Following the completion of the transaction, the chief accounting officer now owns 16,396 shares in the company, valued at $2,164,763.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the transaction, the general counsel now directly owns 48,713 shares in the company, valued at $6,417,450.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO James W. Namkung sold 1,182 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $156,059.46. Following the transaction, the chief accounting officer now owns 16,396 shares of the company’s stock, valued at $2,164,763.88. The disclosure for this sale can be found here. Insiders sold 157,832 shares of company stock worth $21,499,127 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Intercontinental Exchange

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its position in Intercontinental Exchange by 4.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider’s stock worth $4,534,000 after purchasing an additional 1,716 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Intercontinental Exchange by 15.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 731,418 shares of the financial services provider’s stock worth $80,471,000 after buying an additional 98,981 shares during the last quarter. Xponance Inc. boosted its position in Intercontinental Exchange by 5.7% during the third quarter. Xponance Inc. now owns 70,795 shares of the financial services provider’s stock valued at $7,789,000 after acquiring an additional 3,794 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in Intercontinental Exchange by 2.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 43,240 shares of the financial services provider’s stock worth $4,757,000 after acquiring an additional 909 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Intercontinental Exchange by 3.5% in the 3rd quarter. Raymond James & Associates now owns 1,994,586 shares of the financial services provider’s stock valued at $219,444,000 after purchasing an additional 66,970 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $130.50 on Wednesday. Intercontinental Exchange has a 52-week low of $103.81 and a 52-week high of $140.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $74.73 billion, a PE ratio of 31.07, a P/E/G ratio of 2.11 and a beta of 1.02. The firm has a 50-day moving average price of $135.17 and a 200 day moving average price of $125.68.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 EPS. On average, sell-side analysts anticipate that Intercontinental Exchange will post 5.95 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 13th. Intercontinental Exchange’s dividend payout ratio is 42.86%.

Intercontinental Exchange Company Profile

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.