Intercontinental ExchangeICE
About: Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data services segment (24% of net revenue).
Employees: 12,806
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
91% more first-time investments, than exits
New positions opened: 166 | Existing positions closed: 87
39% more call options, than puts
Call options by funds: $490M | Put options by funds: $352M
32% more funds holding in top 10
Funds holding in top 10: 50 [Q4 2024] → 66 (+16) [Q1 2025]
14% more capital invested
Capital invested by funds: $77.2B [Q4 2024] → $87.7B (+$10.5B) [Q1 2025]
3% more funds holding
Funds holding: 1,634 [Q4 2024] → 1,681 (+47) [Q1 2025]
4% less repeat investments, than reductions
Existing positions increased: 632 | Existing positions reduced: 661
1.67% less ownership
Funds ownership: 90.35% [Q4 2024] → 88.69% (-1.67%) [Q1 2025]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Barclays Benjamin Budish | 14%upside $212 | Overweight Maintained | 1 Aug 2025 |
Piper Sandler Patrick Moley | 8%upside $202 | Overweight Maintained | 15 Jul 2025 |
UBS Alex Kramm | 13%upside $210 | Buy Maintained | 8 Jul 2025 |
Financial journalist opinion
Based on 22 articles about ICE published over the past 30 days
