Cramer Rosenthal Mcglynn LLC trimmed its holdings in shares of IHS Markit Ltd (NASDAQ:INFO) by 30.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 487,689 shares of the business services provider’s stock after selling 208,972 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in IHS Markit were worth $31,076,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Rehmann Capital Advisory Group grew its position in shares of IHS Markit by 21.5% during the first quarter. Rehmann Capital Advisory Group now owns 972 shares of the business services provider’s stock worth $53,000 after buying an additional 172 shares in the last quarter. Parallel Advisors LLC lifted its stake in IHS Markit by 11.1% in the second quarter. Parallel Advisors LLC now owns 2,068 shares of the business services provider’s stock valued at $132,000 after buying an additional 207 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in IHS Markit by 0.7% in the second quarter. Tealwood Asset Management Inc. now owns 32,023 shares of the business services provider’s stock valued at $2,041,000 after buying an additional 207 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in IHS Markit by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 37,238 shares of the business services provider’s stock valued at $2,373,000 after buying an additional 226 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in shares of IHS Markit by 2.4% in the first quarter. Keybank National Association OH now owns 10,818 shares of the business services provider’s stock valued at $588,000 after purchasing an additional 256 shares during the period. 96.18% of the stock is owned by hedge funds and other institutional investors.
INFO traded up $0.29 on Friday, hitting $67.86. 121,421 shares of the stock traded hands, compared to its average volume of 1,791,109. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $68.88. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $26.99 billion, a PE ratio of 34.27, a P/E/G ratio of 2.83 and a beta of 0.82. The business has a fifty day moving average price of $64.90 and a two-hundred day moving average price of $59.53.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Wednesday, June 26th. The business services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. IHS Markit had a return on equity of 10.13% and a net margin of 10.49%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. On average, equities research analysts forecast that IHS Markit Ltd will post 2.13 EPS for the current fiscal year.
In other IHS Markit news, EVP Sari Beth Granat sold 50,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $63.04, for a total transaction of $3,152,000.00. Following the transaction, the executive vice president now owns 86,141 shares of the company’s stock, valued at approximately $5,430,328.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Adam Jason Kansler sold 150,000 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $65.09, for a total value of $9,763,500.00. Following the completion of the transaction, the executive vice president now directly owns 269,467 shares in the company, valued at approximately $17,539,607.03. The disclosure for this sale can be found here. Insiders sold a total of 300,483 shares of company stock worth $19,436,699 over the last three months. 1.11% of the stock is owned by company insiders.
INFO has been the topic of a number of recent research reports. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Monday, August 26th. BMO Capital Markets upped their price objective on IHS Markit from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Cantor Fitzgerald increased their target price on IHS Markit from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Canaccord Genuity began coverage on IHS Markit in a research note on Thursday. They set a “buy” rating and a $78.00 price objective for the company. Finally, Deutsche Bank increased their target price on IHS Markit from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. IHS Markit presently has an average rating of “Buy” and a consensus price target of $63.36.
IHS Markit Company 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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