Todd Asset Management LLC Has $25.85 Million Holdings in IHS Markit Ltd (INFO)

Todd Asset Management LLC lessened its holdings in shares of IHS Markit Ltd (NASDAQ:INFO) by 2.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 475,318 shares of the business services provider’s stock after selling 11,042 shares during the period. Todd Asset Management LLC’s holdings in IHS Markit were worth $25,848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Keybank National Association OH lifted its position in IHS Markit by 2.4% during the first quarter. Keybank National Association OH now owns 10,818 shares of the business services provider’s stock worth $588,000 after acquiring an additional 256 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of IHS Markit during the first quarter worth $229,000. Mountain Pacific Investment Advisers Inc. ID grew its stake in shares of IHS Markit by 0.8% during the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 325,079 shares of the business services provider’s stock worth $17,678,000 after buying an additional 2,722 shares during the last quarter. Mason Street Advisors LLC grew its stake in shares of IHS Markit by 2.5% in the first quarter. Mason Street Advisors LLC now owns 51,852 shares of the business services provider’s stock worth $2,820,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of IHS Markit by 8.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,249 shares of the business services provider’s stock worth $1,156,000 after purchasing an additional 1,681 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Todd S. Hyatt sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $56.24, for a total transaction of $2,249,600.00. Following the completion of the transaction, the chief financial officer now directly owns 243,083 shares of the company’s stock, valued at approximately $13,670,987.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $54.50, for a total transaction of $1,635,000.00. The disclosure for this sale can be found here. 2.68% of the stock is owned by corporate insiders.

Several research firms recently issued reports on INFO. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Wednesday, March 20th. BidaskClub lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. UBS Group upped their price objective on shares of IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 12th. Morgan Stanley upped their price objective on shares of IHS Markit from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Finally, Piper Jaffray Companies upped their price objective on shares of IHS Markit from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. IHS Markit presently has a consensus rating of “Buy” and a consensus target price of $58.86.

INFO stock traded up $0.75 during trading on Tuesday, reaching $58.25. The stock had a trading volume of 32,367 shares, compared to its average volume of 1,789,294. IHS Markit Ltd has a one year low of $44.52 and a one year high of $58.17. The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.64.

IHS Markit (NASDAQ:INFO) last released its earnings results on Tuesday, March 26th. The business services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $0.53 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts forecast that IHS Markit Ltd will post 2.12 EPS for the current fiscal year.

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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.

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

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