Royal Bank of Canada Increases Stake in IHS Markit (INFO)

Royal Bank of Canada grew its position in shares of IHS Markit (NASDAQ:INFO) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 417,559 shares of the business services provider’s stock after buying an additional 1,708 shares during the quarter. Royal Bank of Canada owned approximately 0.11% of IHS Markit worth $20,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Atlantic Trust Group LLC lifted its holdings in shares of IHS Markit by 4.6% during the 1st quarter. Atlantic Trust Group LLC now owns 1,180,733 shares of the business services provider’s stock valued at $56,958,000 after buying an additional 52,138 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in IHS Markit by 6.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 278,201 shares of the business services provider’s stock worth $13,420,000 after purchasing an additional 15,985 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in IHS Markit by 360.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 29,100 shares of the business services provider’s stock worth $1,404,000 after purchasing an additional 22,781 shares during the last quarter. Jane Street Group LLC lifted its holdings in IHS Markit by 78.4% in the 1st quarter. Jane Street Group LLC now owns 94,383 shares of the business services provider’s stock worth $4,553,000 after purchasing an additional 41,473 shares during the last quarter. Finally, Barclays PLC lifted its holdings in IHS Markit by 42.6% in the 1st quarter. Barclays PLC now owns 520,138 shares of the business services provider’s stock worth $25,092,000 after purchasing an additional 155,422 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Shares of NASDAQ INFO opened at $51.59 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $20.22 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. IHS Markit has a 12 month low of $42.40 and a 12 month high of $53.05.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, June 26th. The business services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $974.12 million. IHS Markit had a return on equity of 9.68% and a net margin of 16.03%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. research analysts forecast that IHS Markit will post 1.85 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Wednesday, June 27th. SunTrust Banks restated a “buy” rating and issued a $61.00 target price on shares of IHS Markit in a report on Wednesday, June 27th. Robert W. Baird boosted their target price on IHS Markit from $58.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, June 27th. Morgan Stanley boosted their target price on IHS Markit from $44.00 to $47.00 and gave the stock an “underweight” rating in a report on Wednesday, June 27th. Finally, BMO Capital Markets boosted their target price on IHS Markit to $57.00 in a report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $55.38.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 80,000 shares of IHS Markit stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $48.36, for a total value of $3,868,800.00. Following the transaction, the chief executive officer now directly owns 806,023 shares of the company’s stock, valued at approximately $38,979,272.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ruann Faye Ernst sold 7,400 shares of IHS Markit stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $47.59, for a total value of $352,166.00. Following the completion of the transaction, the director now directly owns 69,312 shares in the company, valued at $3,298,558.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 622,400 shares of company stock worth $30,314,866. Company insiders own 2.68% of the company’s stock.

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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Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

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