Intercontinental Exchange (NYSE:ICE) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Intercontinental Exchange (NYSE:ICE) from a sell rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on ICE. 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 report on Friday, July 31st. Rothschild & Co Redburn upped their price target on Intercontinental Exchange from $173.00 to $181.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Barclays reissued an “overweight” rating and set a $189.00 price objective (up from $182.00) on shares of Intercontinental Exchange in a research report on Wednesday. Morgan Stanley upped 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. Finally, Bank of America lifted their price target on shares of Intercontinental Exchange from $232.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. One investment 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.88.

Intercontinental Exchange Price Performance

ICE 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 stock has a market capitalization of $87.59 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 1.49 and a beta of 0.94. The stock’s 50 day moving average price is $155.74 and its 200-day moving average price is $150.80. Intercontinental Exchange has a 52-week low of $121.79 and a 52-week high of $176.05.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $2.63 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 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.81 EPS. On average, equities research analysts predict that Intercontinental Exchange will post 8.18 EPS for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew Surdykowski sold 4,574 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $161.77, for a total transaction of $739,935.98. Following the completion of the sale, the general counsel owned 43,065 shares of the company’s stock, valued at $6,966,625.05. The trade was a 9.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Edmonds sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $160.59, for a total value of $802,950.00. Following the completion of the sale, the insider owned 14,367 shares of the company’s stock, valued at $2,307,196.53. This trade represents a 25.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 41,179 shares of company stock worth $6,473,715. Insiders own 0.84% of the company’s stock.

Institutional Trading of Intercontinental Exchange

A number of hedge funds and other institutional investors have recently bought and sold shares of ICE. J. Stern & Co. LLP increased its holdings in Intercontinental Exchange by 17,398.1% in the 4th quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock worth $8,763,214,000 after acquiring an additional 53,798,055 shares in the last quarter. BlackRock Inc. bought a new position in shares of Intercontinental Exchange in the second quarter worth approximately $6,245,085,000. State Street Corp increased its stake in shares of Intercontinental Exchange by 3.4% in the fourth quarter. State Street Corp now owns 25,653,952 shares of the financial services provider’s stock worth $4,154,914,000 after purchasing an additional 837,208 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Intercontinental Exchange by 16.1% in the second quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock worth $1,454,209,000 after purchasing an additional 1,634,385 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Intercontinental Exchange by 6.7% during the 4th quarter. Janus Henderson Group PLC now owns 6,549,596 shares of the financial services provider’s stock valued at $1,055,312,000 after purchasing an additional 409,590 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Key Headlines Impacting Intercontinental Exchange

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.

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.