Kampmann Melissa S. trimmed its position in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 36.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,594 shares of the financial services provider’s stock after selling 5,480 shares during the period. Intercontinental Exchange comprises 1.1% of Kampmann Melissa S.’s investment portfolio, making the stock its 28th largest position. Kampmann Melissa S.’s holdings in Intercontinental Exchange were worth $1,459,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ICE. CHICAGO TRUST Co NA raised its position in Intercontinental Exchange by 26.5% in the 3rd quarter. CHICAGO TRUST Co NA now owns 12,925 shares of the financial services provider’s stock worth $1,965,000 after purchasing an additional 2,705 shares during the period. Soltis Investment Advisors LLC boosted its position in Intercontinental Exchange by 27.3% during the third quarter. Soltis Investment Advisors LLC now owns 3,703 shares of the financial services provider’s stock valued at $563,000 after buying an additional 793 shares during the period. Values Added Financial LLC bought a new position in shares of Intercontinental Exchange during the third quarter valued at about $237,000. Sage Rhino Capital LLC bought a new position in shares of Intercontinental Exchange during the third quarter valued at about $516,000. Finally, Childress Capital Advisors LLC bought a new position in shares of Intercontinental Exchange during the third quarter valued at about $280,000. Institutional investors own 89.30% of the company’s stock.
Intercontinental Exchange Price Performance
ICE opened at $168.64 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.03. The stock has a market capitalization of $94.67 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.51 and a beta of 0.94. The stock’s 50 day moving average price is $157.56 and its 200-day moving average price is $154.60. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $176.05.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $2.74 billion. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 earnings per share. On average, equities research analysts predict that Intercontinental Exchange Inc. will post 8.20 EPS for the current year.
Insider Transactions at Intercontinental Exchange
In related news, Director Martha A. Tirinnanzi sold 1,340 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $161.16, for a total value of $215,954.40. Following the completion of the transaction, the director directly owned 3,747 shares of the company’s stock, valued at $603,866.52. This represents a 26.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Edmonds sold 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $160.59, for a total transaction of $802,950.00. Following the completion of the transaction, the insider directly owned 14,367 shares of the company’s stock, valued at approximately $2,307,196.53. The trade was a 25.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 41,179 shares of company stock worth $6,473,715. 0.84% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. UBS Group reissued a “buy” rating and issued a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Piper Sandler restated an “overweight” rating and set a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $178.00 price target (up from $169.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, Jefferies Financial Group lowered their price objective on Intercontinental Exchange from $189.00 to $185.00 in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $189.25.
Check Out Our Latest Stock Analysis on ICE
Key Stories Impacting Intercontinental Exchange
Here are the key news stories impacting Intercontinental Exchange this week:
- Positive Sentiment: Q3 earnings beat estimates: ICE reported adjusted earnings of $2.02 per share, above the $1.97 consensus estimate, while revenue rose 14.7% year over year to $3.63 billion. Growth was supported by higher exchange-trading activity and data revenue, with analysts also citing improving recurring-revenue expectations. Intercontinental Q3 Earnings Beat on Exchanges and Data Growth
- Positive Sentiment: New digital-asset derivatives initiative: ICE and Trade[XYZ] plan to bring Hyperliquid-based, regulated perpetual futures markets to U.S. customers. The initiative could create a new growth opportunity in 24/7 derivatives trading and reinforces ICE’s broader push into digital assets. Intercontinental Exchange to bring TradeXYZ perpetual markets onshore in U.S.
- Positive Sentiment: Analyst targets moved higher: Barclays raised its target to $194 and kept an overweight rating, while Keefe, Bruyette & Woods lifted its target to $190 with an outperform rating. Goldman Sachs also increased its target to $200. Goldman Sachs adjusts ICE price target
- Positive Sentiment: Dividend increase and deal progress: ICE approved a quarterly dividend of $0.52 per share, up 8% from a year earlier. The company also expects its MarketAxess acquisition to close in the first quarter of 2027 after receiving early regulatory clearance. Intercontinental Exchange approves fourth-quarter dividend
- Neutral Sentiment: Mixed analyst view: TD Cowen raised its target to $182 but maintained a hold rating, while Wells Fargo increased its target to $167 and retained an underweight rating, suggesting some analysts believe much of the near-term upside is already reflected in ICE’s valuation.
- Negative Sentiment: Execution and spending risks remain: The MarketAxess transaction and approximately $1.05 billion in 2026 capital expenditures could pressure near-term cash flow, while mortgage-market challenges continue to weigh on part of ICE’s business.
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.
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