Sapient Capital LLC Invests $11.78 Million in Intercontinental Exchange, Inc. (NYSE:ICE)

Sapient Capital LLC purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 91,751 shares of the financial services provider's stock, valued at approximately $11,784,000.

Several other large investors also recently made changes to their positions in ICE. OFI Invest Asset Management acquired a new stake in Intercontinental Exchange during the third quarter valued at approximately $25,000. Jones Financial Companies Lllp acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $26,000. Fortitude Family Office LLC purchased a new position in Intercontinental Exchange in the 4th quarter worth about $28,000. BKM Wealth Management LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth about $31,000. Finally, First Capital Advisors Group LLC. purchased a new stake in Intercontinental Exchange during the second quarter valued at about $35,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

ICE stock traded up $0.54 during midday trading on Thursday, hitting $133.48. 2,249,549 shares of the company traded hands, compared to its average volume of 2,391,848. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The stock has a market capitalization of $76.43 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 2.19 and a beta of 1.02. 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 business has a 50 day simple moving average of $136.05 and a 200-day simple moving average of $123.43.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. Intercontinental Exchange's quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 5.94 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.45 dividend. This is an increase from Intercontinental Exchange's previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange's dividend payout ratio (DPR) is currently 42.86%.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 7,070 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.09, for a total value of $962,156.30. Following the sale, the senior vice president now owns 18,383 shares of the company's stock, valued at approximately $2,501,742.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares of the company's stock, valued at $161,893,392.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Douglas Foley sold 7,070 shares of Intercontinental Exchange stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $136.09, for a total value of $962,156.30. Following the sale, the senior vice president now directly owns 18,383 shares in the company, valued at $2,501,742.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,491 shares of company stock worth $21,454,204. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

ICE has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an "equal weight" rating in a research report on Tuesday. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $152.00 price target on shares of Intercontinental Exchange in a research report on Thursday, April 4th. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an "overweight" rating in a research report on Friday, February 9th. Citigroup lifted their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. Finally, Piper Sandler increased their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the stock an "overweight" rating in a research report on Monday, February 12th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and a consensus target price of $147.08.

Intercontinental Exchange 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.