Oregon Public Employees Retirement Fund Cuts Stake in IHS Markit Ltd (INFO)

Oregon Public Employees Retirement Fund cut its position in IHS Markit Ltd (NASDAQ:INFO) by 4.6% during the first quarter, HoldingsChannel.com reports. The firm owned 37,012 shares of the business services provider’s stock after selling 1,770 shares during the period. Oregon Public Employees Retirement Fund’s holdings in IHS Markit were worth $2,013,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in INFO. Lunia Capital LP increased its holdings in shares of IHS Markit by 5,785.0% in the fourth quarter. Lunia Capital LP now owns 12,980,059 shares of the business services provider’s stock valued at $12,980,000 after purchasing an additional 12,759,498 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of IHS Markit by 21.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 22,031,949 shares of the business services provider’s stock valued at $1,056,784,000 after purchasing an additional 3,927,202 shares during the period. Norges Bank acquired a new position in shares of IHS Markit in the fourth quarter valued at about $164,394,000. Bank of America Corp DE increased its holdings in shares of IHS Markit by 60.2% in the fourth quarter. Bank of America Corp DE now owns 4,814,676 shares of the business services provider’s stock valued at $230,961,000 after purchasing an additional 1,808,786 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of IHS Markit by 3.6% in the fourth quarter. BlackRock Inc. now owns 23,244,306 shares of the business services provider’s stock valued at $1,115,027,000 after purchasing an additional 809,731 shares during the period. 96.24% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the company. BidaskClub raised IHS Markit from a “buy” rating to a “strong-buy” rating in a report on Friday, May 17th. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Wednesday, March 20th. Piper Jaffray Companies increased their price objective on IHS Markit from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. UBS Group increased their price objective on IHS Markit from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, March 12th. Finally, Morgan Stanley increased their price objective on IHS Markit from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.77.

Shares of INFO opened at $58.38 on Friday. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $59.14. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $23.34 billion, a PE ratio of 29.48, a P/E/G ratio of 2.58 and a beta of 0.83.

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

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

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IHS Markit Company 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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