Certuity LLC Sells 5,330 Shares of Intercontinental Exchange Inc. $ICE

Certuity LLC lowered its position in Intercontinental Exchange Inc. (NYSE:ICE) by 57.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,932 shares of the financial services provider’s stock after selling 5,330 shares during the period. Certuity LLC’s holdings in Intercontinental Exchange were worth $637,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ares Financial Consulting LLC bought a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $25,000. Dorato Capital Management bought a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $29,000. Steph & Co. grew its stake in shares of Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after buying an additional 89 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $28,000. Finally, Caitlin John LLC purchased a new stake in shares of Intercontinental Exchange in the 3rd quarter worth approximately $32,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $156.24 on Wednesday. The business’s fifty day simple moving average is $160.11 and its two-hundred day simple moving average is $160.03. 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 Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company has a market cap of $88.50 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.63 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, beating 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 the consensus estimate of $2.51 billion. During the same period last year, the business posted $1.52 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange Inc. will post 8.06 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 36.05%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 3,865 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $153.73, for a total transaction of $594,166.45. Following the sale, the president directly owned 165,304 shares in the company, valued at approximately $25,412,183.92. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lynn C. Martin sold 13,456 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $153.86, for a total value of $2,070,340.16. Following the sale, the insider owned 54,319 shares in the company, valued at approximately $8,357,521.34. This represents a 19.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 348,418 shares of company stock worth $54,196,631. Insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Barclays upped their price target on Intercontinental Exchange from $193.00 to $198.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Raymond James Financial restated a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Piper Sandler restated an “overweight” rating and issued a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a research note on Wednesday, April 15th. Finally, Morgan Stanley upped their price target on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. One 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.com, the company has an average rating of “Buy” and an average target price of $193.80.

Intercontinental Exchange 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.