Parnassus Investments LLC Has $1.09 Billion Position in Intercontinental Exchange Inc. $ICE

Posted by Kyle Jackson on Jan 10th, 2026

Parnassus Investments LLC trimmed its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,496,975 shares of the financial services provider’s stock after selling 132,832 shares during the period. Intercontinental Exchange makes up about 2.5% of Parnassus Investments LLC’s investment portfolio, making the stock its 10th biggest position. Parnassus Investments LLC’s holdings in Intercontinental Exchange were worth $1,094,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Intercontinental Exchange by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 53,685,491 shares of the financial services provider’s stock worth $9,849,677,000 after purchasing an additional 745,135 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Intercontinental Exchange by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 12,438,154 shares of the financial services provider’s stock valued at $2,270,657,000 after buying an additional 145,961 shares during the period. Norges Bank bought a new stake in shares of Intercontinental Exchange during the second quarter worth $1,542,780,000. Sands Capital Management LLC raised its position in shares of Intercontinental Exchange by 97.3% during the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock worth $974,783,000 after acquiring an additional 2,620,310 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Intercontinental Exchange by 4.1% during the second quarter. Legal & General Group Plc now owns 3,510,634 shares of the financial services provider’s stock valued at $644,096,000 after acquiring an additional 137,685 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $165.99 on Friday. The stock has a market cap of $94.65 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. The stock has a 50-day moving average of $157.45 and a 200-day moving average of $167.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. TD Cowen lowered their price objective on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Raymond James Financial reiterated a “strong-buy” rating and set a $211.00 price target on shares of Intercontinental Exchange in a research report on Tuesday. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. Barclays set a $182.00 price objective on shares of Intercontinental Exchange and gave the company an “overweight” rating in a report on Thursday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $180.00 target price on shares of Intercontinental Exchange in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus target price of $191.80.

Read Our Latest Report on ICE

Key Intercontinental Exchange News

Here are the key news stories impacting Intercontinental Exchange this week:

Positive Sentiment: Zacks and research notes lifted multiple EPS forecasts (Q4/Q3 FY2026–27 and FY2026–27 upgrades), and a Zacks piece highlights ICE’s strong earnings‑surprise history — this supports expectations for better-than-expected results. Will ICE (ICE) Beat Estimates Again in Its Next Earnings Report?
Positive Sentiment: ICE will extend daily trading hours for European gas and power contracts (effective Feb. 23) — longer sessions likely increase traded volumes and clearing/transaction fees for energy products. Intercontinental Exchange to extend trading hours for EU gas and power
Positive Sentiment: NYSE (owned by ICE) will be the U.S. options listing venue for MSCI benchmark indexes, expanding the exchange’s role in index options and likely boosting listings, volumes and ancillary revenue. The New York Stock Exchange Enters Agreement with MSCI to Become the U.S. Options Listing Venue for Benchmark Indexes in Early 2026
Neutral Sentiment: Market commentary notes ICE can benefit if interest rates remain higher for longer (beneficial for certain fee streams and derivatives activity), but the effect depends on market structure and client behavior. Higher-for-Longer Rates Could Reward These 3 Overlooked Stocks (ICE)
Negative Sentiment: Zacks made a few small downward tweaks to certain quarterly estimates (notably some Q1/Q2 quarters) — these trims introduce short-term earnings timing risk even as full‑year views were largely raised.

Insiders Place Their Bets

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,345 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $156.67, for a total value of $837,401.15. Following the completion of the transaction, the chief technology officer directly owned 65,240 shares of the company’s stock, valued at approximately $10,221,150.80. The trade was a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total value of $22,962,000.00. Following the completion of the sale, the chief executive officer owned 1,801,705 shares of the company’s stock, valued at $275,805,001.40. This trade represents a 7.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 166,068 shares of company stock worth $25,470,702 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Profile

(Free Report)

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.