Intercontinental Exchange (NYSE:ICE) Shares Acquired Rep. Richard McCormick

Representative Richard McCormick (R-Georgia) recently bought shares of Intercontinental Exchange Inc. (NYSE:ICE). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Intercontinental Exchange stock on November 5th.

Representative Richard McCormick also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Realty Income (NYSE:O) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Cisco Systems (NASDAQ:CSCO) on 11/5/2025.

Intercontinental Exchange Trading Up 0.9%

NYSE ICE traded up $1.52 during mid-day trading on Thursday, reaching $161.90. 409,670 shares of the stock were exchanged, compared to its average volume of 3,195,823. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35. The stock has a market capitalization of $92.31 billion, a PE ratio of 29.48, a PEG ratio of 2.40 and a beta of 1.05. The business’s fifty day simple moving average is $154.92 and its 200 day simple moving average is $170.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.71. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. On average, research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on ICE shares. Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target for the company in a report on Monday, October 13th. Morgan Stanley decreased their target price on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Barclays set a $183.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $194.70.

Hedge Funds Weigh In On Intercontinental Exchange

A number of hedge funds have recently made changes to their positions in the business. Saranac Partners Ltd purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $6,850,000. Swiss Life Asset Management Ltd boosted its holdings in Intercontinental Exchange by 4.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 101,668 shares of the financial services provider’s stock worth $17,129,000 after acquiring an additional 4,206 shares during the period. Strategic Advocates LLC acquired a new stake in Intercontinental Exchange in the third quarter valued at approximately $55,000. Prana Capital Management LP raised its stake in shares of Intercontinental Exchange by 17.9% during the third quarter. Prana Capital Management LP now owns 564,611 shares of the financial services provider’s stock valued at $95,126,000 after purchasing an additional 85,844 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Intercontinental Exchange during the third quarter worth $13,457,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In related news, Director Judith A. Sprieser sold 3,700 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $157.96, for a total transaction of $584,452.00. Following the completion of the sale, the director directly owned 14,469 shares of the company’s stock, valued at approximately $2,285,523.24. This trade represents a 20.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mayur Kapani sold 10,082 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $158.88, for a total transaction of $1,601,828.16. Following the completion of the transaction, the chief technology officer owned 65,240 shares in the company, valued at $10,365,331.20. This represents a 13.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 177,089 shares of company stock valued at $27,253,948. Corporate insiders own 1.00% of the company’s stock.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.