IHS Markit Ltd. (INFO) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its holdings in shares of IHS Markit Ltd. (NASDAQ:INFO) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 337,680 shares of the business services provider’s stock after acquiring an additional 2,817 shares during the period. Stephens Investment Management Group LLC’s holdings in IHS Markit were worth $15,246,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of INFO. Suntrust Banks Inc. bought a new stake in shares of IHS Markit during the 2nd quarter worth approximately $287,000. Advisor Group Inc. lifted its stake in shares of IHS Markit by 6.7% during the 2nd quarter. Advisor Group Inc. now owns 6,236 shares of the business services provider’s stock worth $274,000 after acquiring an additional 392 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of IHS Markit by 528.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 135,257 shares of the business services provider’s stock worth $5,957,000 after acquiring an additional 113,735 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of IHS Markit by 0.6% during the 2nd quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock worth $2,020,000 after acquiring an additional 274 shares during the last quarter. Finally, QS Investors LLC lifted its stake in shares of IHS Markit by 204.9% during the 2nd quarter. QS Investors LLC now owns 5,803 shares of the business services provider’s stock worth $256,000 after acquiring an additional 3,900 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on INFO. Stifel Nicolaus reissued a “hold” rating on shares of IHS Markit in a research note on Tuesday, January 16th. SunTrust Banks reissued a “buy” rating and set a $54.00 price target on shares of IHS Markit in a research note on Wednesday, January 17th. BMO Capital Markets reissued a “buy” rating and set a $52.00 price target on shares of IHS Markit in a research note on Wednesday, January 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $54.00 target price on shares of IHS Markit in a research report on Wednesday, January 17th. Finally, Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.29.

IHS Markit Ltd. (NASDAQ:INFO) opened at $45.17 on Thursday. The company has a market capitalization of $18,215.92, a price-to-earnings ratio of 27.42, a PEG ratio of 2.13 and a beta of 0.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.53. IHS Markit Ltd. has a 1 year low of $37.82 and a 1 year high of $49.19.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.10. The firm had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. research analysts anticipate that IHS Markit Ltd. will post 1.84 earnings per share for the current year.

In other news, insider Michael M. Easton sold 12,167 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.46, for a total value of $577,445.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Adam Jason Kansler sold 50,000 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $48.00, for a total value of $2,400,000.00. Following the completion of the transaction, the executive vice president now directly owns 146,612 shares of the company’s stock, valued at $7,037,376. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,562 shares of company stock valued at $9,923,853.

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

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