SG Americas Securities LLC Has $3.76 Million Position in IHS Markit Ltd. (INFO)

SG Americas Securities LLC increased its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 58.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,328 shares of the business services provider’s stock after acquiring an additional 31,593 shares during the quarter. SG Americas Securities LLC’s holdings in IHS Markit were worth $3,761,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dupont Capital Management Corp acquired a new stake in IHS Markit during the second quarter worth approximately $120,000. ETF Managers Group LLC acquired a new position in shares of IHS Markit in the 2nd quarter valued at $135,000. Huntington National Bank acquired a new position in shares of IHS Markit in the 3rd quarter valued at $173,000. Flinton Capital Management LLC acquired a new position in shares of IHS Markit in the 2nd quarter valued at $180,000. Finally, Riverhead Capital Management LLC acquired a new position in shares of IHS Markit in the 2nd quarter valued at $198,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

In related news, CFO Todd S. Hyatt sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total transaction of $884,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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A number of brokerages have recently commented on INFO. UBS AG cut their target price on shares of IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday. Zacks Investment Research raised shares of IHS Markit from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. William Blair downgraded shares of IHS Markit from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 15th. SunTrust Banks, Inc. lifted their price target on shares of IHS Markit to $48.00 and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of IHS Markit in a research note on Wednesday, November 8th. They set a “buy” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. IHS Markit has a consensus rating of “Hold” and a consensus target price of $47.46.

IHS Markit Ltd. (NASDAQ INFO) traded up $0.23 during mid-day trading on Tuesday, hitting $43.85. 1,616,200 shares of the company’s stock were exchanged, compared to its average volume of 2,662,597. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.53. IHS Markit Ltd. has a one year low of $34.20 and a one year high of $48.53. The company has a market cap of $17,510.00, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 2.38 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.04. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The business had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s revenue was up 24.9% compared to the same quarter last year. sell-side analysts anticipate that IHS Markit Ltd. will post 1.57 EPS for the current year.

IHS Markit Company 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.

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

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