Intercontinental Exchange Inc. $ICE Stock: D.A. Davidson & CO. Raises Stake

D.A. Davidson & CO. grew its position in Intercontinental Exchange Inc. (NYSE:ICE) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,448 shares of the financial services provider’s stock after purchasing an additional 3,773 shares during the quarter. D.A. Davidson & CO.’s holdings in Intercontinental Exchange were worth $5,997,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BOKF NA boosted its position in Intercontinental Exchange by 7.3% in the third quarter. BOKF NA now owns 35,082 shares of the financial services provider’s stock valued at $5,334,000 after buying an additional 2,392 shares in the last quarter. Redmond Asset Management LLC lifted its holdings in Intercontinental Exchange by 1.5% in the third quarter. Redmond Asset Management LLC now owns 22,375 shares of the financial services provider’s stock valued at $3,402,000 after buying an additional 323 shares during the period. Mad River Investors grew its holdings in Intercontinental Exchange by 2.0% during the 3rd quarter. Mad River Investors now owns 8,001 shares of the financial services provider’s stock worth $1,216,000 after acquiring an additional 155 shares during the period. North Dakota State Investment Board raised its position in shares of Intercontinental Exchange by 1.5% in the 3rd quarter. North Dakota State Investment Board now owns 17,212 shares of the financial services provider’s stock worth $2,617,000 after acquiring an additional 248 shares in the last quarter. Finally, VestGen Advisors LLC lifted its stake in shares of Intercontinental Exchange by 0.8% in the 3rd quarter. VestGen Advisors LLC now owns 10,593 shares of the financial services provider’s stock valued at $1,610,000 after purchasing an additional 81 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange News Summary

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.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange 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 sale, the senior vice president owned 15,863 shares of the company’s stock, valued at approximately $2,538,080. The trade was a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher Edmonds sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $160.59, for a total transaction of $802,950.00. Following the sale, the insider 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,179 shares of company stock valued at $6,473,715 in the last three months. 0.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ICE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $178.00 target price (up from $169.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America increased their price target on Intercontinental Exchange from $232.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Raymond James Financial lowered their target price on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating on the stock in a research report on Monday, October 5th. Finally, Piper Sandler restated an “overweight” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, October 2nd. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $189.25.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $168.64 on Friday. The company has a market capitalization of $94.67 billion, a PE ratio of 23.01, a PEG ratio of 1.56 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. 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 twelve month low of $121.79 and a twelve month high of $176.05.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.05. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the business posted $1.71 earnings per share. Intercontinental Exchange’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that Intercontinental Exchange Inc. will post 8.21 EPS for the current year.

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.