Rhumbline Advisers decreased its holdings in shares of IHS Markit (NASDAQ:INFO) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 651,421 shares of the business services provider’s stock after selling 4,016 shares during the quarter. Rhumbline Advisers owned about 0.17% of IHS Markit worth $31,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of INFO. Goldman Sachs Group Inc. grew its position in IHS Markit by 23.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,936,881 shares of the business services provider’s stock worth $177,750,000 after acquiring an additional 737,185 shares in the last quarter. American International Group Inc. grew its position in IHS Markit by 27.7% in the fourth quarter. American International Group Inc. now owns 156,617 shares of the business services provider’s stock worth $7,071,000 after acquiring an additional 33,997 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in IHS Markit in the fourth quarter worth $11,839,000. Wells Fargo & Company MN boosted its position in IHS Markit by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,717,478 shares of the business services provider’s stock valued at $77,546,000 after buying an additional 5,907 shares during the period. Finally, Amica Pension Fund Board of Trustees purchased a new stake in IHS Markit during the fourth quarter valued at about $591,000. 98.95% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on INFO shares. Zacks Investment Research upgraded shares of 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 Tuesday, January 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 price objective on shares of IHS Markit in a research note on Friday, January 19th. Morgan Stanley increased their price target on shares of IHS Markit from $43.00 to $44.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 28th. Stifel Nicolaus reissued a “hold” rating on shares of IHS Markit in a research note on Tuesday, January 16th. Finally, Piper Jaffray reaffirmed a “buy” rating and set a $54.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $53.42.
Shares of IHS Markit opened at $51.93 on Tuesday, according to MarketBeat. IHS Markit has a 52-week low of $51.78 and a 52-week high of $52.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $20.44 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 2.44 and a beta of 0.78.
IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, March 27th. The business services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. IHS Markit had a net margin of 16.06% and a return on equity of 9.33%. The firm had revenue of $932.10 million for the quarter, compared to the consensus estimate of $906.91 million. During the same period in the previous year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. equities analysts forecast that IHS Markit will post 1.84 earnings per share for the current year.
In related news, CEO Lance Darrell Gordon Uggla sold 140,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $48.94, for a total transaction of $6,851,600.00. Following the completion of the transaction, the chief executive officer now owns 546,023 shares in the company, valued at approximately $26,722,365.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ruann Faye Ernst sold 7,400 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $47.59, for a total transaction of $352,166.00. Following the transaction, the director now owns 69,312 shares of the company’s stock, valued at approximately $3,298,558.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 622,400 shares of company stock valued at $30,314,866. 2.68% of the stock is owned by corporate insiders.
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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