News

Fintel reports that on July 1, 2024, Goldman Sachs upgraded their outlook for Intercontinental Exchange (NYSE:ICE) from Neutral to Buy.

Analyst Price Forecast Suggests 14.58% Upside

As of June 12, 2024, the average one-year price target for Intercontinental Exchange is $156.84/share. The forecasts range from a low of $140.39 to a high of $175.35. The average price target represents an increase of 14.58% from its latest reported closing price of $136.89 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Intercontinental Exchange is 8,303MM, a decrease of 0.94%. The projected annual non-GAAP EPS is 6.30.

What is the Fund Sentiment?

There are 2,391 funds or institutions reporting positions in Intercontinental Exchange. This is an decrease of 1 owner(s) or 0.04% in the last quarter. Average portfolio weight of all funds dedicated to ICE is 0.51%, an increase of 4.30%. Total shares owned by institutions decreased in the last three months by 1.88% to 577,983K shares.

The put/call ratio of ICE is 0.62, indicating a bullish outlook.

What are Other Shareholders Doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 18,010K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 17,952K shares , representing an increase of 0.32%. The firm decreased its portfolio allocation in ICE by 2.12% over the last quarter.

Harris Associates L P holds 15,111K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 15,948K shares , representing a decrease of 5.54%. The firm decreased its portfolio allocation in ICE by 6.89% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 14,431K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 13,984K shares , representing an increase of 3.09%. The firm decreased its portfolio allocation in ICE by 2.64% over the last quarter.

T. Rowe Price Investment Management holds 13,156K shares representing 2.29% ownership of the company. In its prior filing, the firm reported owning 12,055K shares , representing an increase of 8.37%. The firm increased its portfolio allocation in ICE by 9.88% over the last quarter.

Geode Capital Management holds 11,164K shares representing 1.95% ownership of the company. In its prior filing, the firm reported owning 10,819K shares , representing an increase of 3.09%. The firm decreased its portfolio allocation in ICE by 2.38% over the last quarter.

Intercontinental Exchange Background Information
(This description is provided by the company.)

ICE Mortgage Technology, a division of Intercontinental Exchange, Inc., combines the innovation and expertise of Ellie Mae, Simplifile and MERS to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between. Ellie Mae, as part of ICE Mortgage Technology, is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs and reduce the time to close, all while ensuring the highest levels of compliance, quality and efficiency.

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This story originally appeared on Fintel.

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