Added to YB: 2025-06-05
Pitch date: 2025-03-31
ICE [neutral]
Intercontinental Exchange, Inc.
-4.48%
current return
Author Info
No bio for this author
Company Info
Intercontinental Exchange, Inc., together with its subsidiaries, provides technology and data to financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, India, Israel, Canada, and Singapore.
Market Cap
$88.1B
Pitch Price
$170.86
Price Target
N/A
Dividend
1.24%
EV/EBITDA
17.13
P/E
28.13
EV/Sales
10.95
Sector
Capital Markets
Category
N/A
Sands Capital Select Growth Strategy Portfolio Holding: Intercontinental Exchange, Inc.
ICE (holding update): Solid quarter with better-than-expected 2025 mortgage tech guidance (low-mid single-digit growth vs -2% in 2024). Conservative outlook assumes flat origination volumes after 3yr contraction. Rates now 75bps below post-pandemic highs. Stock buybacks resuming as leverage normalizes post-Black Knight acquisition.
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