6,143 Intercontinental Exchange Inc. $ICE Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 14.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,193 shares of the financial services provider’s stock after selling 6,143 shares during the quarter. Reinhart Partners LLC.’s holdings in Intercontinental Exchange were worth $5,654,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ICE. Gilpin Wealth Management LLC boosted its stake in shares of Intercontinental Exchange by 6.3% during the third quarter. Gilpin Wealth Management LLC now owns 1,118 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 66 shares during the last quarter. Mirador Capital Partners LP raised its stake in Intercontinental Exchange by 3.2% in the 3rd quarter. Mirador Capital Partners LP now owns 36,449 shares of the financial services provider’s stock valued at $5,541,000 after purchasing an additional 1,119 shares during the last quarter. Wedmont Private Capital lifted its holdings in Intercontinental Exchange by 12.9% in the 3rd quarter. Wedmont Private Capital now owns 7,524 shares of the financial services provider’s stock valued at $1,169,000 after purchasing an additional 861 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Intercontinental Exchange by 15.3% in the 3rd quarter. GAMMA Investing LLC now owns 17,187 shares of the financial services provider’s stock valued at $2,613,000 after purchasing an additional 2,275 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of Intercontinental Exchange by 3.4% during the 3rd quarter. Grove Bank & Trust now owns 8,433 shares of the financial services provider’s stock worth $1,282,000 after purchasing an additional 277 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $156.03 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $87.59 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.48 and a beta of 0.94. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $176.05. The company has a 50 day moving average price of $155.74 and a 200 day moving average price of $150.80.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 EPS. Sell-side analysts anticipate that Intercontinental Exchange Inc. will post 8.15 EPS for the current year.

Insider Activity

In other news, Director Martha A. Tirinnanzi sold 1,340 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.16, for a total value of $215,954.40. Following the transaction, the director directly owned 3,747 shares of the company’s stock, valued at $603,866.52. The trade was a 26.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher Edmonds sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $160.59, for a total value of $802,950.00. Following the sale, the insider owned 14,367 shares of the company’s stock, 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 41,179 shares of company stock valued at $6,473,715 in the last 90 days. 0.84% of the stock is owned by corporate insiders.

Intercontinental Exchange News Summary

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

• Positive Sentiment: ICE’s solid results and robust trading activity are reinforcing confidence in its earnings outlook and diversified exchange, data and clearing businesses. Solid Results and Robust Trading Activity Strengthen Intercontinental Exchange
• Positive Sentiment: Morgan Stanley raised its ICE price target from $163 to $173 while maintaining an “equal weight” rating, signaling improved valuation potential despite a neutral overall stance.
• Positive Sentiment: ICE is seeking SEC approval for round-the-clock tokenized stock trading. Approval could create a new growth avenue by extending market access and trading hours, although the proposal remains subject to regulatory review. ICE Seeks SEC Approval for 24/7 Tokenized Stock Trading
• Positive Sentiment: Blockchain network SEI’s integration with ICE ETF Hub could broaden the platform’s digital-asset and ETF infrastructure capabilities. SEI Integrates with ICE ETF Hub
• Neutral Sentiment: Jefferies lowered its price target from $189 to $185 but still sees substantial upside from current levels, making the revision a modestly cautious signal rather than a bearish call.
• Neutral Sentiment: Analyst coverage describes ICE as potentially near fair value following its tokenized-trading filing, suggesting that much of the opportunity may already be reflected in the valuation. ICE Stock May Be Near Fair Value on Tokenized Trading Filing
• Neutral Sentiment: Reports on prediction-market ETFs and Nasdaq’s performance provide industry context but do not represent direct changes to ICE’s operations or guidance.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ICE shares. TD Cowen downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating and lowered their price target for the stock from $177.00 to $166.00 in a report on Monday. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $163.00 to $173.00 and gave the stock an “equal weight” rating in a research report on Friday. Weiss Ratings raised shares of Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $178.00 price target (up from $169.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Finally, Piper Sandler reissued an “overweight” rating and set a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.88.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc (NYSE:ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces and infrastructure that support the trading, clearing and management of risk across financial and commodity markets.

Its businesses include the New York Stock Exchange, ICE Futures exchanges and ICE Clear clearinghouses. ICE offers trading and clearing services for equities, equity options, interest rates, currencies, energy, agricultural commodities, metals and other contracts.