Clearbridge LLC Takes $48,000 Position in IHS Markit Ltd (INFO)

Clearbridge LLC acquired a new position in shares of IHS Markit Ltd (NASDAQ:INFO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the business services provider’s stock, valued at approximately $48,000.

Several other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its position in IHS Markit by 123.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 187,154 shares of the business services provider’s stock valued at $10,096,000 after purchasing an additional 103,483 shares during the last quarter. Wells Fargo & Company MN boosted its position in IHS Markit by 10.9% during the third quarter. Wells Fargo & Company MN now owns 1,608,103 shares of the business services provider’s stock valued at $86,774,000 after purchasing an additional 157,969 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in IHS Markit by 25.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,342 shares of the business services provider’s stock valued at $342,000 after purchasing an additional 1,287 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in IHS Markit during the third quarter valued at $588,000. Finally, WINTON GROUP Ltd boosted its position in IHS Markit by 21.4% during the third quarter. WINTON GROUP Ltd now owns 19,055 shares of the business services provider’s stock valued at $1,028,000 after purchasing an additional 3,357 shares during the last quarter. Institutional investors own 91.06% of the company’s stock.

Shares of NASDAQ:INFO opened at $54.13 on Friday. IHS Markit Ltd has a fifty-two week low of $44.52 and a fifty-two week high of $55.99. The stock has a market capitalization of $22.97 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 2.39 and a beta of 0.82. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.61.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, January 15th. The business services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. IHS Markit had a return on equity of 9.58% and a net margin of 13.53%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts predict that IHS Markit Ltd will post 2.12 EPS for the current fiscal year.

INFO has been the subject of a number of research reports. BidaskClub raised IHS Markit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 4th. SunTrust Banks reduced their price objective on IHS Markit to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research raised IHS Markit from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $51.00 price target on shares of IHS Markit in a research report on Tuesday, January 15th. Finally, UBS Group reduced their price target on IHS Markit from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $58.13.

In other news, insider Michael M. Easton sold 12,461 shares of IHS Markit stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total value of $648,345.83. Following the transaction, the insider now directly owns 24,721 shares in the company, valued at $1,286,233.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Gear sold 15,587 shares of IHS Markit stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $52.51, for a total value of $818,473.37. Following the completion of the transaction, the executive vice president now owns 168,151 shares in the company, valued at $8,829,609.01. The disclosure for this sale can be found here. Insiders sold 82,450 shares of company stock worth $4,297,355 over the last quarter. 1.11% of the stock is currently owned by corporate insiders.

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IHS Markit Profile

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.

Featured Article: Return on Investment (ROI)

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

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