First Hawaiian Bank Reduces Stock Position in IHS Markit Ltd. (NYSE:INFO)


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First Hawaiian Bank lowered its stake in IHS Markit Ltd. (NYSE:INFO) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,773 shares of the business services provider’s stock after selling 2,003 shares during the quarter. First Hawaiian Bank’s holdings in IHS Markit were worth $1,624,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fieldpoint Private Securities LLC purchased a new stake in IHS Markit in the fourth quarter worth approximately $26,000. Wolff Wiese Magana LLC purchased a new stake in IHS Markit in the fourth quarter worth approximately $28,000. Manchester Financial Inc. boosted its stake in shares of IHS Markit by 108.8% during the 4th quarter. Manchester Financial Inc. now owns 357 shares of the business services provider’s stock worth $32,000 after acquiring an additional 186 shares during the last quarter. Pinnacle Bank boosted its stake in shares of IHS Markit by 48.8% during the 4th quarter. Pinnacle Bank now owns 442 shares of the business services provider’s stock worth $40,000 after acquiring an additional 145 shares during the last quarter. Finally, Capstone Triton Financial Group LLC purchased a new position in shares of IHS Markit during the 4th quarter worth $44,000. Institutional investors own 93.75% of the company’s stock.

Several research analysts have recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and set a $116.00 price target on shares of IHS Markit in a research note on Wednesday, March 24th. BMO Capital Markets lifted their price target on shares of IHS Markit from $93.00 to $96.00 and gave the stock a “market perform” rating in a research note on Thursday, March 25th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $87.07.

Shares of NYSE:INFO opened at $101.65 on Monday. The company has a market capitalization of $43.07 billion, a price-to-earnings ratio of 46.84 and a beta of 1.05. IHS Markit Ltd. has a 12 month low of $62.20 and a 12 month high of $101.72. The firm’s 50-day moving average is $94.77 and its 200 day moving average is $88.89. The company has a current ratio of 0.62, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54.

IHS Markit (NYSE:INFO) last issued its quarterly earnings results on Monday, March 22nd. The business services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. IHS Markit had a net margin of 20.31% and a return on equity of 11.03%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. As a group, equities analysts forecast that IHS Markit Ltd. will post 2.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Friday, January 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.79%. This is an increase from IHS Markit’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, January 28th. IHS Markit’s dividend payout ratio is presently 34.48%.

In other IHS Markit news, CFO Jonathan Gear sold 11,993 shares of the business’s stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $84.17, for a total value of $1,009,450.81. Following the completion of the sale, the chief financial officer now directly owns 113,218 shares of the company’s stock, valued at approximately $9,529,559.06. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael M. Easton sold 11,605 shares of the business’s stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $90.17, for a total transaction of $1,046,422.85. Insiders have sold a total of 143,970 shares of company stock worth $13,065,364 over the last quarter. 0.75% of the stock is currently owned by insiders.

About IHS Markit

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government. Its Financial Services segment offers pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services to traders, portfolio managers, risk managers, research professionals, and other financial market participants, as well as operations, compliance, and enterprise data managers.

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

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