Murphy & Mullick Capital Management Corp Invests $420,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Murphy & Mullick Capital Management Corp bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,820 shares of the financial services provider’s stock, valued at approximately $420,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $25,000. FSA Wealth Management LLC purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $34,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Intercontinental Exchange during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the transaction, the president now directly owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock worth $10,998,990 in the last three months. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Barclays lifted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $175.58 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $100.88 billion, a PE ratio of 36.73, a P/E/G ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $176.49. The business’s fifty day moving average price is $165.53 and its two-hundred day moving average price is $160.26.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

About Intercontinental Exchange

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.