WINTON GROUP Ltd lifted its holdings in shares of IHS Markit Ltd (NASDAQ:INFO) by 64.7% in the fourth quarter, Holdings Channel reports. The fund owned 11,765 shares of the business services provider’s stock after acquiring an additional 4,622 shares during the period. WINTON GROUP Ltd’s holdings in IHS Markit were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of INFO. BT Investment Management Ltd increased its position in shares of IHS Markit by 19.6% during the fourth quarter. BT Investment Management Ltd now owns 7,039,476 shares of the business services provider’s stock valued at $317,832,000 after acquiring an additional 1,152,197 shares during the last quarter. Atlantic Trust Group LLC increased its position in shares of IHS Markit by 458.4% during the third quarter. Atlantic Trust Group LLC now owns 1,141,009 shares of the business services provider’s stock valued at $50,295,000 after acquiring an additional 936,666 shares during the last quarter. American Century Companies Inc. increased its position in shares of IHS Markit by 14.6% during the fourth quarter. American Century Companies Inc. now owns 6,040,310 shares of the business services provider’s stock valued at $272,720,000 after acquiring an additional 769,108 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new stake in shares of IHS Markit during the fourth quarter valued at approximately $30,321,000. Finally, Asset Management One Co. Ltd. increased its position in shares of IHS Markit by 2,766.4% during the third quarter. Asset Management One Co. Ltd. now owns 615,778 shares of the business services provider’s stock valued at $27,144,000 after acquiring an additional 594,295 shares during the last quarter. 91.36% of the stock is owned by institutional investors.
In other news, insider Michael M. Easton sold 12,167 shares of the firm’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, CFO Todd S. Hyatt sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $47.40, for a total value of $1,185,000.00. Following the completion of the transaction, the chief financial officer now directly owns 415,128 shares of the company’s stock, valued at $19,677,067.20. The disclosure for this sale can be found here. Insiders sold 208,562 shares of company stock valued at $9,923,853 over the last ninety days. Corporate insiders own 2.68% of the company’s stock.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The firm had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. During the same period last year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. research analysts anticipate that IHS Markit Ltd will post 1.84 EPS for the current fiscal year.
A number of brokerages recently commented on INFO. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, March 7th. William Blair raised IHS Markit from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 1st. BidaskClub lowered IHS Markit from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 30th. Royal Bank of Canada reissued a “buy” rating and set a $55.00 price objective on shares of IHS Markit in a report on Friday, January 19th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $54.00 price objective on shares of IHS Markit in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.29.
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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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