Advisory Services Network LLC boosted its stake in shares of IHS Markit Ltd (NASDAQ:INFO) by 68.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,399 shares of the business services provider’s stock after buying an additional 977 shares during the period. Advisory Services Network LLC’s holdings in IHS Markit were worth $115,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of INFO. Kinneret Advisory LLC bought a new position in shares of IHS Markit during the fourth quarter valued at $466,000. Comerica Bank increased its stake in IHS Markit by 5.5% during the 4th quarter. Comerica Bank now owns 318,334 shares of the business services provider’s stock valued at $16,108,000 after purchasing an additional 16,461 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in IHS Markit by 4,638.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,860,373 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 1,821,111 shares in the last quarter. Teachers Advisors LLC increased its stake in IHS Markit by 19.9% during the 3rd quarter. Teachers Advisors LLC now owns 1,399,999 shares of the business services provider’s stock valued at $75,544,000 after purchasing an additional 232,284 shares in the last quarter. Finally, Sontag Advisory LLC purchased a new position in IHS Markit in the fourth quarter worth about $29,000. 91.79% of the stock is owned by institutional investors.
INFO has been the topic of a number of recent analyst reports. BidaskClub cut shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Saturday, December 15th. UBS Group decreased their price objective on shares of IHS Markit from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, January 8th. Morgan Stanley set a $45.00 price objective on shares of IHS Markit and gave the stock a “sell” rating in a report on Tuesday, January 8th. Zacks Investment Research cut IHS Markit from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $51.00 target price on shares of IHS Markit in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $58.86.
Shares of INFO stock opened at $54.77 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.64 and a quick ratio of 0.64. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $55.99. The company has a market capitalization of $21.97 billion, a PE ratio of 27.66, a P/E/G ratio of 2.43 and a beta of 0.82.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that IHS Markit Ltd will post 2.12 EPS for the current fiscal year.
In other news, insider Michael M. Easton sold 12,461 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total value of $648,345.83. Following the transaction, the insider now directly owns 24,721 shares in the company, valued at approximately $1,286,233.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jonathan Gear sold 46,460 shares of IHS Markit stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total value of $2,417,313.80. Following the completion of the sale, the executive vice president now directly owns 183,738 shares of the company’s stock, valued at approximately $9,559,888.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,450 shares of company stock valued at $4,297,355. Company insiders own 2.68% of the company’s stock.
IHS Markit Profile
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
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