Sciencast Management LP purchased a new stake in IHS Markit Ltd (NASDAQ:INFO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,690 shares of the business services provider’s stock, valued at approximately $467,000.
Several other hedge funds also recently modified their holdings of the company. Flinton Capital Management LLC grew its stake in IHS Markit by 19.8% during the fourth quarter. Flinton Capital Management LLC now owns 10,048 shares of the business services provider’s stock worth $454,000 after purchasing an additional 1,664 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in IHS Markit by 19.8% in the fourth quarter. Meadow Creek Investment Management LLC now owns 13,816 shares of the business services provider’s stock worth $624,000 after acquiring an additional 2,288 shares in the last quarter. Teachers Advisors LLC boosted its holdings in IHS Markit by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 526,275 shares of the business services provider’s stock worth $23,761,000 after acquiring an additional 21,178 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in IHS Markit by 23.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 813,184 shares of the business services provider’s stock worth $36,715,000 after acquiring an additional 155,626 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in IHS Markit in the fourth quarter worth approximately $1,103,000. 97.13% of the stock is owned by institutional investors.
INFO stock traded down $0.64 during mid-day trading on Friday, hitting $48.07. 2,233,294 shares of the stock were exchanged, compared to its average volume of 2,129,976. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.51. IHS Markit Ltd has a 12 month low of $41.43 and a 12 month high of $50.00. The firm has a market cap of $19,459.30, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 2.27 and a beta of 0.78.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, March 27th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. IHS Markit had a return on equity of 9.33% and a net margin of 16.06%. The firm had revenue of $932.10 million during the quarter, compared to analyst estimates of $906.91 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. research analysts expect that IHS Markit Ltd will post 1.84 EPS for the current fiscal year.
A number of research firms have recently weighed in on INFO. Royal Bank of Canada restated a “buy” rating and issued a $52.00 target price on shares of IHS Markit in a report on Wednesday, December 20th. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Tuesday, January 16th. BidaskClub lowered IHS Markit from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 30th. Piper Jaffray reiterated a “buy” rating and set a $54.00 price target on shares of IHS Markit in a report on Wednesday, January 17th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $52.00 price target on shares of IHS Markit in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $52.31.
In related news, Director Ruann Faye Ernst sold 7,400 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $47.59, for a total transaction of $352,166.00. Following the transaction, the director now owns 69,312 shares in the company, valued at approximately $3,298,558.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Daniel Yergin sold 66,871 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $47.46, for a total value of $3,173,697.66. Following the transaction, the insider now owns 338,776 shares in the company, valued at approximately $16,078,308.96. The disclosure for this sale can be found here. In the last three months, insiders sold 215,962 shares of company stock valued at $10,276,019. 2.68% of the stock is currently owned by corporate insiders.
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About IHS Markit
IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.
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