Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of IHS Markit Ltd. (NASDAQ:INFO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,578 shares of the business services provider’s stock, valued at approximately $1,038,000.
Other large investors have also recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new position in IHS Markit during the 2nd quarter worth $120,000. Mutual of America Capital Management LLC lifted its holdings in IHS Markit by 20.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,175 shares of the business services provider’s stock worth $175,000 after buying an additional 695 shares in the last quarter. Global X Management Co. LLC lifted its holdings in IHS Markit by 60.3% during the 1st quarter. Global X Management Co. LLC now owns 4,265 shares of the business services provider’s stock worth $179,000 after buying an additional 1,605 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in IHS Markit during the 2nd quarter worth $207,000. Finally, Private Advisor Group LLC acquired a new position in IHS Markit during the 1st quarter worth $214,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of IHS Markit Ltd. (NASDAQ INFO) opened at 47.95 on Tuesday. IHS Markit Ltd. has a 52 week low of $34.13 and a 52 week high of $48.15. The firm has a market cap of $19.17 billion, a P/E ratio of 88.63 and a beta of 0.88. The company’s 50-day moving average price is $46.38 and its 200 day moving average price is $44.27.
IHS Markit (NASDAQ:INFO) last released its earnings results on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $906.10 million for the quarter, compared to analyst estimates of $897.80 million. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. The company’s revenue was up 54.1% on a year-over-year basis. On average, equities analysts anticipate that IHS Markit Ltd. will post $2.06 earnings per share for the current year.
INFO has been the topic of several research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $52.00 price objective (up previously from $50.00) on shares of IHS Markit in a report on Friday, June 16th. Morgan Stanley reissued an “underweight” rating and issued a $41.00 price target (up previously from $40.00) on shares of IHS Markit in a research note on Tuesday, July 18th. Zacks Investment Research downgraded IHS Markit from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. BMO Capital Markets increased their price target on IHS Markit from $49.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $50.00 price target (up previously from $48.00) on shares of IHS Markit in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.55.
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In related news, Vice Chairman Daniel Yergin sold 43,657 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $44.17, for a total value of $1,928,329.69. Following the transaction, the insider now owns 364,703 shares in the company, valued at $16,108,931.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Lance Darrell Gordon Uggla sold 112,162 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $47.27, for a total transaction of $5,301,897.74. Following the completion of the transaction, the president now owns 461,344 shares in the company, valued at approximately $21,807,730.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,031,463 shares of company stock worth $48,308,385.
IHS Markit Profile
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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