Media stories about Intercontinental Exchange (NYSE:ICE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Intercontinental Exchange earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.8981537169825 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Intercontinental Exchange (NYSE:ICE) traded up $0.33 during trading on Friday, hitting $75.60. 3,150,000 shares of the stock were exchanged, compared to its average volume of 2,460,000. Intercontinental Exchange has a fifty-two week low of $56.69 and a fifty-two week high of $75.79. The stock has a market capitalization of $44,230.00, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 2.59 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.
Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts expect that Intercontinental Exchange will post 2.94 EPS for the current fiscal year.
Intercontinental Exchange announced that its board has initiated a share buyback program on Thursday, November 2nd that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
ICE has been the subject of several recent analyst reports. UBS Group boosted their price target on shares of Intercontinental Exchange from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Wednesday, January 3rd. Argus boosted their price target on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a report on Sunday, October 8th. Finally, Wells Fargo & Co upped their target price on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, October 5th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $75.40.
In other news, CFO Scott A. Hill sold 14,772 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $75.00, for a total transaction of $1,107,900.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Scott A. Hill sold 7,526 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $75.00, for a total transaction of $564,450.00. Following the transaction, the chief financial officer now directly owns 202,371 shares in the company, valued at approximately $15,177,825. The disclosure for this sale can be found here. Insiders have sold 60,368 shares of company stock valued at $4,357,199 in the last ninety days. Insiders own 1.50% of the company’s stock.
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About Intercontinental Exchange
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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