The shares of Intercontinental Exchange, Inc. (NYSE:ICE) has been pegged with a rating of Buy by Citigroup in its latest research note that was published on January 22nd, 2019. Citigroup wasn’t the only research firm that published a report of Intercontinental Exchange, Inc., with other equities research analysts also giving their opinion on the stock. Atlantic Equities advised investors in its research note published on November 28th, 2018, to Overweight the ICE stock. The stock had earned Hold rating from Berenberg when it published its report on November 20th, 2018. The stock was given Outperform rating by Bernstein in its report released on April 10th, 2018. JP Morgan was of a view that ICE is Overweight in its latest report on February 20th, 2018. Berenberg thinks that ICE is worth Buy rating. This was contained in the firm’s report on January 25th, 2018 in which the stock’s price target was also moved to $90.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $85.80. The price of the stock the last time has raised by 12.85% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.08.
The shares of the company dipped by -0.84% during the trading session on Monday, reaching a low of $75.19 while ending the day at $75.52. During the trading session, a total of 2.86 million shares were traded which represents a 6.08% incline from the average session volume which is 3.04M shares. ICE had ended its last session trading at 76.16. Intercontinental Exchange, Inc. currently has a market cap of $42.67B, while its P/E ratio stands at 23.92, while its P/E earnings growth sits at 8.86, with a beta of 0.50. Intercontinental Exchange, Inc. debt-to-equity ratio currently stands at 0.43, while its quick ratio hovers at 1.00. ICE 52-week low price stands at $66.92 while its 52-week high price is $82.65.
The company in its last quarterly report recorded $0.94 earnings per share which is above the $0.92 predicted by most analysts. The Intercontinental Exchange, Inc. generated $1,308.00 million in revenue during the last quarter, which is slightly higher than the $1,297.85 million predicted by analysts. In the second quarter last year, the firm recorded $0.85 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 9.57%. Intercontinental Exchange, Inc. has the potential to record 3.16 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Goldman published a research note on February 1st, 2019 where it informed investors and clients that The Ultimate Software Group, Inc. (NASDAQ:ULTI) is now rated as Neutral. Atlantic Equities also rated ULTI as Initiated on November 28th, 2018, with its price target of $17 suggesting that ULTI could down by -4.83% from its current share price. Even though the stock has been trading at $332.41/share, analysts expect it to surge higher by -0.27% to reach $316.24/share. It started the day trading at $332.41 and traded between $331.5 and $331.50 throughout the trading session.
A look at its technical shows that ULTI’s 50-day SMA is 263.33 while its 200-day SMA stands at 275.72. The stock has a high of $365.86 for the year while the low is $216.87. The company’s P/E ratio currently sits at 160.07, while the P/B ratio is 12.75. The company’s average trading volume currently stands at 385.57K shares, which means that the short-interest ratio is just 2.38 days. Over the past seven days, the company moved, with its shift of -0.31%. Looking further, the stock has raised 24.30% over the past 90 days while it gained 17.25% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co bought more ULTI shares, increasing its portfolio by +1.72% during the last quarter. This move now sees Fidelity Management Research Co purchasing 66,629 shares in the last quarter, thus it now holds 3,931,567 shares of ULTI, with a total valuation of $962,722,811. Henderson Global Investors Ltd meanwhile bought more ULTI shares in the recently filed quarter, changing its stake to $762,061,396 worth of shares. The Vanguard Group Inc followed the path by increasing its ULTI portfolio by +4.41% in the quarter. This means that The Vanguard Group Inc bought 111,839 shares in the last quarter and now controls 2,648,080 shares of the ULTI stock, with the valuation hitting $648,435,350.
Similarly, T Rowe Price Associates Inc decreased its The Ultimate Software Group, Inc. shares by -31.62% during the recently filed quarter. After selling -959,345 shares in the last quarter, the firm now controls 2,074,414 shares of The Ultimate Software Group, Inc. which are valued at $507,961,756. In the same vein, SSgA Funds Management Inc increased its The Ultimate Software Group, Inc. shares by during the most recent reported quarter. The firm bought 42,988 shares during the quarter which increased its stakes to 766,325 shares and is now valued at $187,650,003. Following these latest developments, around 1.60% of The Ultimate Software Group, Inc. stocks are owned by institutional investors and hedge funds.