Intercontinental Exchange Inc. $ICE Position Raised by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 3.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 121,931 shares of the financial services provider’s stock after buying an additional 3,538 shares during the quarter. ProShare Advisors LLC’s holdings in Intercontinental Exchange were worth $18,537,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. James T. Borello RIA increased its stake in Intercontinental Exchange by 143.0% in the 3rd quarter. James T. Borello RIA now owns 209 shares of the financial services provider’s stock valued at $32,000 after buying an additional 123 shares during the last quarter. Rakuten Securities Inc. bought a new stake in Intercontinental Exchange during the 2nd quarter worth about $26,000. Gables Capital Management Inc. acquired a new position in shares of Intercontinental Exchange during the 2nd quarter worth about $31,000. William Mack & Associates Inc. acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $40,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Intercontinental Exchange by 33.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 68 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Up 1.9%

ICE stock opened at $172.05 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The company has a fifty day moving average price of $157.77 and a two-hundred day moving average price of $154.63. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $176.05. The stock has a market cap of $96.59 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.97 by $0.05. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $2.74 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.71 earnings per share. Equities analysts anticipate that Intercontinental Exchange Inc. will post 8.21 EPS for the current year.

More Intercontinental Exchange News

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: Analysts raised ICE price targets. Three reports cited higher targets of $167, $190 and $194, signaling improved expectations following the company’s recent earnings performance. Intercontinental Exchange Price Target Raised to $194
• Positive Sentiment: Strong third-quarter operating results supported the stock. Intercontinental Exchange reported third-quarter net revenue of approximately $2.8 billion, up 15% year over year, while adjusted earnings per share rose 18% to $2.02 and exceeded analyst expectations. The results reinforce the company’s earnings-growth momentum. Intercontinental Exchange: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Momentum-focused commentary was favorable. A Zacks report highlighted ICE as a potential momentum stock, reflecting its trading above key moving averages and strong recent performance. IntercontinentalExchange Is a Great Momentum Stock
• Neutral Sentiment: ICE’s Hyperliquid initiative is drawing attention. Plans to make Hyperliquid contracts available to U.S. traders helped drive interest in the HYPE token and could create future opportunities for ICE. However, the initiative depends on regulatory approval from the Commodity Futures Trading Commission, and reports noted leveraged positions and whale selling have increased volatility in HYPE. Hyperliquid U.S. Deal Could Slip to 2027
• Negative Sentiment: An insider sold shares. Chief Accounting Officer James Namkung sold 2,430 ICE shares for approximately $401,000, reducing his position by 14.7%. The transaction is relatively small compared with ICE’s market value but may be viewed as a modest negative signal. James Namkung Insider Trading

Insider Buying and Selling at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $160.00, for a total value of $256,000.00. Following the transaction, the senior vice president owned 15,863 shares in the company, valued at approximately $2,538,080. This represents a 9.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Edmonds sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total value of $802,950.00. Following the completion of the transaction, the insider directly owned 14,367 shares in the company, valued at $2,307,196.53. The trade was a 25.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,609 shares of company stock worth $6,874,665 in the last ninety days. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ICE. Barclays upped their price objective on Intercontinental Exchange from $189.00 to $194.00 and gave the stock an “overweight” rating in a research note on Friday. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings raised shares of Intercontinental Exchange from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Rothschild & Co Redburn boosted their price objective on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Finally, UBS Group restated a “buy” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average target price of $189.25.

About Intercontinental Exchange

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.