Harris Associates L P Adds $106M in Intercontinental Exchange, Inc. ($ICE)
Key Points
- Harris Associates L P changed its Intercontinental Exchange, Inc. ($ICE) stake by 4.9% last quarter, boosting to 16,342,258 shares worth $2.30 billion.
- Wall Street's consensus rating on $ICE is Strong Buy and an average price target of $197.67.
- $ICE last traded around $140.53.
Harris Associates L P increased its position in Intercontinental Exchange, Inc. ($ICE) by 4.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,342,258 shares of Intercontinental Exchange, Inc. after buying 757,727 shares during the quarter. Harris Associates L P's holdings in Intercontinental Exchange, Inc. were worth $2.30 billion as of its most recent filing.
Intercontinental Exchange, Inc. ($ICE) Stock
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About Intercontinental Exchange, Inc.
Intercontinental Exchange, Inc., together with its subsidiaries, provides technology and data to financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Canada, Asia Pacific, and the Middle East. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment operates regulated marketplace technology for the listing, trading, and clearing of an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange and equities, and corporate and exchange-traded funds, as well as data and connectivity services related to its exchanges and clearing houses. The Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics, and execution services, as well as global CDS clearing and multi-asset class data delivery technology. The Mortgage Technology segment offers a technology platform that provides customers comprehensive and digital workflow tools to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle from application through closing, servicing, and the secondary market. The company was founded in 2000 and is headquartered in Atlanta, Georgia.
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