The surge in insider selling at Intercontinental Exchange, Inc. (NYSE:ICE) is picking up steam with the current sell/buy ratio now at 20.59. ICE recorded 15 sales on the open market in the last three months. They sold nearly 159,238 shares while purchases amounted to 7,733 shares that period. Looking even further back to 12 months, corporate insiders offloaded 1,134,091 shares when buyers snapped up 354,294 shares. The 12-month’s totals signify about a 3.2-to-1 sell/buy ratio.
Vice Charles A parted with a total of 35 thousand shares of Intercontinental Exchange, Inc. (ICE) at average share price of $79.75. This insider trade in the company took place on 12/04/2018. The total for the sales was set at $2.79 million. After this transaction, the Vice Chairman account balance stood at 384.91 thousand shares. The stock lost -0.61 percent since that insider sale. On 11/26/2018, Surdykowski Andrew J, General Counsel, sold 1.2 thousand shares at a price per share of $80.14. This removed 96.17 thousand shares from the insider’s fortune and the stock saw a -1.1 percent retreat in value since the news became public. This transaction left 36.82 thousand shares in the General Counsel account.
On 11/15/2018, COO Wassersug Mark performed a sale transaction worth $625.36 thousand. This sale at $79.13 each has eliminated 7.9 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 0.16 percent increase since the transaction was reported. The insider now is left with 29.08 thousand shares remaining in the account. Hill Scott A, who performs the CFO job, sold 0.4 thousand shares for $32.24 thousand. The disposal occurred on 11/15/2018 was priced at $80 per share. The share price plunged -0.92 percent since the reporting date. Hill Scott A now left with a stake of 161.12 thousand ICE stock worth $12.77 million after the insider selling.
The 12-month median price target for Intercontinental Exchange, Inc. (ICE) assigned by the analysts stands at $86.25, which represents a return potential of 8.82 percent when compared to the closing price of the stock of $79.26 on Thursday, December 06. The lowest price target for the stock is $73 — slightly more than -7.9 percent from ICE’s current share price. The stock will probably climb 9.73 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $95-month high price target. This represents a whopping 19.86 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 50.44 on daily chart, which may remain a cause for concern. If the price breaks below $77.36 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $79.88 mark may result into a pull-back move towards $80.5 level. The stock is currently hovering around the first support level of $78.31. Below this, the next support is placed in the zone of $77.36. Till the time, the ICE stock trades above this level, bulls have nothing to fear.
Shares of Intercontinental Exchange, Inc. (ICE) are trading at a P/E ratio of 25.52 times earnings reported for the past 12 months. The industry ICE operates in has an average P/E of 27.56. Its P/E ratio went as low as 16.47X and as high as 58.45 over the 5-year span. Further, it is sporting a 9.3 on the Price-to-Sales ratio. Compare this with the industry average P/S of 11.06. 0 percent is the gross profit margin for Intercontinental Exchange, Inc. and operating margin sits at 52 percent. Along with this, the net profit margin is 54.1 percent.
On 6th of December, Intercontinental Exchange, Inc. (NYSE:ICE) shares ended higher after a volatile session. The shares accumulated 0.14 points or 0.18 percent at $79.26 with a heavy trade volume of 4.941 million shares. After opening the session at $78.27, the shares went as high as $79.55 and as low as $77.98, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $44.8 billion and now has 565.19 million shares outstanding. Intercontinental Exchange, Inc. (ICE) stock has gained 1.33 percent of market value in 21 trading days.
In last reported earnings results, ICE earned $0.85 per share, better than the $0.8, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.2B, better than the $1.19B analysts expected. Earnings are estimated to increase by 24.1 percent this year, 10.19 percent next year and continue to increase by 13.81 percent annually for the next 5 years. Investors will get their next glimpse of ICE’s Q4 earnings on February 07. Analysts are forecasting revenue to climb 12 percent to $1.28B in the next fiscal quarter, while earnings are seen soaring by nearly 23.29 percent to $0.9 per share. History has shown that shares in Intercontinental Exchange, Inc. have gone up on 19 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings.
ICE stock has a trailing 3-year beta of 0.5, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.16 a share in the trailing twelve months. The stock’s value has surged 12.33 percent year to date (YTD) against a rise of 11.71 percent in 12 month’s time. The company’s shares still trade -4.1 percent away from its 1-year high of $82.65 and 18.44 percent up from 52-week low of $66.92. The average consensus rating on the company is 1.9, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.