Seeyond decreased its holdings in IHS Markit Ltd (NASDAQ:INFO) by 57.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,451 shares of the business services provider’s stock after selling 10,144 shares during the period. Seeyond’s holdings in IHS Markit were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of INFO. Redhawk Wealth Advisors Inc. acquired a new position in shares of IHS Markit in the second quarter worth $25,000. Cornerstone Advisors Inc. grew its stake in shares of IHS Markit by 87.6% in the second quarter. Cornerstone Advisors Inc. now owns 574 shares of the business services provider’s stock worth $37,000 after acquiring an additional 268 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of IHS Markit in the second quarter worth $44,000. Rehmann Capital Advisory Group grew its stake in shares of IHS Markit by 21.5% in the first quarter. Rehmann Capital Advisory Group now owns 972 shares of the business services provider’s stock worth $53,000 after acquiring an additional 172 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new position in shares of IHS Markit in the first quarter worth $58,000. Institutional investors and hedge funds own 96.18% of the company’s stock.
A number of brokerages recently commented on INFO. SunTrust Banks boosted their target price on shares of IHS Markit from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Monday, August 26th. BidaskClub downgraded shares of IHS Markit from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Cantor Fitzgerald boosted their target price on shares of IHS Markit from $51.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. Finally, Piper Jaffray Companies boosted their target price on shares of IHS Markit from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.36.
In related news, CFO Todd S. Hyatt sold 25,483 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $63.56, for a total transaction of $1,619,699.48. Following the completion of the transaction, the chief financial officer now directly owns 217,600 shares of the company’s stock, valued at $13,830,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sari Beth Granat sold 50,000 shares of the stock in a transaction dated 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 directly owns 86,141 shares of the company’s stock, valued at $5,430,328.64. The disclosure for this sale can be found here. Insiders have sold 300,483 shares of company stock valued at $19,436,699 over the last three months. 1.11% of the stock is currently owned by corporate insiders.
NASDAQ INFO traded up $0.29 during trading hours on Friday, hitting $67.86. The company had a trading volume of 1,821,079 shares, compared to its average volume of 1,791,768. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.66. IHS Markit Ltd has a 1-year low of $44.52 and a 1-year high of $68.88. The company has a market cap of $27.22 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.83 and a beta of 0.82. The business has a 50 day moving average of $64.95 and a 200-day moving average of $59.60.
IHS Markit (NASDAQ:INFO) last announced its earnings results on Wednesday, June 26th. The business services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. IHS Markit had a net margin of 10.49% and a return on equity of 10.13%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. Sell-side analysts expect that IHS Markit Ltd will post 2.13 earnings per share for the current fiscal year.
About IHS Markit
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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