Intercontinental Exchange Inc. (ICE): What is Its Dividend Yield?

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Intercontinental Exchange Inc. (NYSE:ICE) saw a downside of -2.23% to close Tuesday at $106.25 after subtracting -$2.42 on the day. The 5-day average trading volume is 2,150,240 shares of the company’s common stock. It has gained $109.58 in the past week and touched a new high 2 times within the past 5 days. An average of 1,992,430 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,131,008.

ICE’s 1-month performance is 3.61% or $3.44 on its low of $101.50 reached on 12/30/22. The company’s shares have touched a 52-week low of $88.60 and high of $137.40, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, ICE has achieved 3.57% or $3.66 and has reached a new high 7 times. However, the current price is down -22.67% from the 52-week high price.


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Insider Transactions

ICE stock investors last saw insider trading activity on Nov 29.Sprecher Jeffrey C (Chief Executive Officer) most recently sold 30,000 shares at $105.37 per share on Nov 29. This transaction cost the insider $3,161,201. SVP, HR & Administration, Foley Douglas, sold 1,600 shares at a price of $105.98 on Nov 23. Then, on Nov 14, General Counsel Surdykowski Andrew J sold 2,500 shares at a price of $105.00 per share. This transaction amounted to $262,500.

Valuation Metrics

ICE stock has a beta of 0.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.10 while the price-to-book (PB) in the most recent quarter is 2.65, with the price to cash flow ratio at 23.95.

Intercontinental Exchange Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.81, while the total debt to equity was 0.81.. In terms of profitability, the gross margin trailing 12 months is 76.80%. The firm’s gross profit as reported stood at $6.99 billion against revenue of $7.15 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 431.41% to -$191.0 million, while revenue of $555.0 million was 390.58% off the previous quarter. Analysts expected ICE to announce $1.27 per share in earnings in its latest quarter, but it posted $1.32, representing a 3.90% surprise. EBITDA for the quarter stood at more than $3.03 billion. ICE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 188.87 billion, with total debt at $18.38 billion. Shareholders hold equity totaling $558.55 million.

Let’s look briefly at Intercontinental Exchange Inc. (ICE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 49.19% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.17%.

The stock’s 5-day moving average is $107.60, reflecting a -1.08% or -$1.16 change from its current price. ICE is currently trading +3.70% above its 20-day SMA, +5.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.24% and SMA200 by-17.72%.

Stochastic %K and %D was 76.34% and 77.72% and the average true range (ATR) pointed at 2.08. The RSI (14) points at 52.32%, while the 14-day stochastic is at 55.11% with the period’s ATR at 2.09. The stock’s 9-day MACD Oscillator is pointing at -0.06 and 1.08 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Intercontinental Exchange Inc. (NYSE: ICE), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for ICE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ICE as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 10 have offered a “buy” rating.

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