ICE reported strong Q1 earnings, with stakeholders adjusting their investments accordingly.

Strengthening Families & Communities LLC and King Luther Capital Management Corp. have increased their stakes in Intercontinental Exchange Inc. (NYSE:ICE), while Entropy Technologies LP has reduced its holdings. ICE reported strong first-quarter earnings, beating analyst expectations with earnings of $1.81 per share and revenue of $3.26 billion. The company’s stock, with a market cap of $106.77 billion, has a P/E ratio of 35.80 and a PEG ratio of 2.21. Analysts predict a moderate buy with a price target of $194.92.