Intercontinental Exchange (NYSE:ICE) Shares Sold Off Rep. Richard McCormick

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of Intercontinental Exchange shares on July 30 from his Growth Partners Roth IRA, alongside sales of several other major-company stocks.
• ICE reported quarterly earnings of $1.90 per share, beating estimates of $1.84, while revenue rose 4.8% year over year to $3.61 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $183.33.
• ICE shares opened at $154.62, and company insiders have sold 18,376 shares worth about $2.75 million over the past 90 days; institutional investors own approximately 89.3% of the stock.

Representative Richard McCormick (Republican-Georgia) recently sold shares of Intercontinental Exchange Inc. NYSE: ICE. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intercontinental Exchange stock on July 30th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Illinois Tool Works NYSE: ITW on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Emerson Electric NYSE: EMR on 7/30/2026.

Intercontinental Exchange Stock Down 0.1%

Shares of NYSE ICE opened at $154.62 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The business's 50 day moving average is $140.90 and its two-hundred day moving average is $151.97. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $181.72. The firm has a market cap of $86.80 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 1.52 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.06. The business had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The company's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 earnings per share. Research analysts predict that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays restated an "overweight" rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Morgan Stanley lowered their price objective on shares of Intercontinental Exchange from $187.00 to $163.00 and set an "equal weight" rating for the company in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $178.00 price objective on shares of Intercontinental Exchange in a report on Friday, July 31st. Weiss Ratings downgraded shares of Intercontinental Exchange from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, Rothschild & Co Redburn set a $177.00 target price on shares of Intercontinental Exchange in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $183.33.

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $151.20, for a total transaction of $645,775.20. Following the completion of the sale, the chief technology officer directly owned 67,988 shares of the company's stock, valued at approximately $10,279,785.60. The trade was a 5.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sharon Bowen sold 667 shares of the business's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the transaction, the director owned 15,077 shares of the company's stock, valued at approximately $2,280,848.56. The trade was a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,376 shares of company stock worth $2,746,946. Corporate insiders own 0.84% of the company's stock.

Institutional Investors Weigh In On Intercontinental Exchange

Several large investors have recently bought and sold shares of ICE. Equitable Holdings Inc. purchased a new position in shares of Intercontinental Exchange in the 2nd quarter valued at about $944,000. Harvey Capital Management Inc. acquired a new position in shares of Intercontinental Exchange during the second quarter worth about $9,109,000. Coastal Bridge Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter worth approximately $4,362,000. Jefferies Financial Group Inc. purchased a new stake in shares of Intercontinental Exchange during the second quarter worth approximately $1,388,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Intercontinental Exchange in the second quarter valued at approximately $25,784,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

Intercontinental Exchange Company Profile

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.

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