Intercontinental Exchange Inc. (NYSE:ICE) recently reached a new 52-week high of $189.35, with the stock trading at $187.14 at the latest close. Analysts have boosted ICE's price targets, with Barclays setting a new target of $212.00 and UBS raising theirs to $210.00, indicating strong support for a 'buy' rating. The company reported quarterly earnings of $1.81 per share, surpassing estimates, with a revenue of $3.26 billion, reflecting a 9.8% year-over-year increase. Intercontinental Exchange's revenue was up 9.8% compared to the same quarter last year. The business had a return on equity of 13.66% and a net margin of 23.92%. The firm has a market capitalization of $106.94 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 2.21, and a beta of 1.11. The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.0%. Intercontinental Exchange's payout ratio is 36.85%. Insider activity includes General Counsel selling 3,848 shares at an average price of $179.12, and CEO selling 150,000 shares at an average price of $179.22. Over the last ninety days, insiders sold a total of 226,913 shares valued at $40,671,107. Institutional investors such as Brighton Jones LLC, Townsquare Capital LLC, Optimize Financial Inc, Sagespring Wealth Partners LLC, and Altman Advisors Inc. have increased or acquired stakes in the company. Hedge funds and other institutional investors own 89.30% of the company's stock. Intercontinental Exchange, 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.

Intercontinental Exchange (NYSE:ICE) Sets New 52-Week High - Still a Buy?

Intercontinental Exchange Inc. (ICE) reached a new 52-week high of $189.35, trading at $187.14 at the latest close. The company reported quarterly earnings of $1.81 per share and revenue of $3.26 billion, up 9.8% year-over-year. It achieved a return on equity of 13.66% and a net margin of 23.92%. With a market capitalization of $106.94 billion, ICE has a price-to-earnings ratio of 35.86 and a P/E/G ratio of 2.21. Analysts have raised price targets to $212 (Barclays) and $210 (UBS), supporting a 'buy' rating. The company announced a quarterly dividend of $0.48 per share, payable on September 30th to shareholders of record on September 16th, resulting in an annualized dividend of $1.92 and a 1.0% yield. Insider activity includes the General Counsel and CEO selling shares at an average price of $179.12 and $179.22, respectively, with total insider sales over 90 days amounting to 226,913 shares valued at $40.67 million. Institutional investors such as Brighton Jones LLC, Townsquare Capital LLC, Optimize Financial Inc, Sagespring Wealth Partners LLC, and Altman Advisors Inc. have increased or acquired stakes. Hedge funds and other institutional investors collectively own 89.30% of the company's stock. ICE provides market infrastructure, data services, and technology solutions to financial institutions, corporations, and government entities in the U.S., U.K., EU, Singapore, India, Abu Dhabi, Israel, and Canada.