Millennium Management LLC Has $226.63 Million Holdings in IHS Markit Ltd. (NYSE:INFO)

Millennium Management LLC grew its stake in IHS Markit Ltd. (NYSE:INFO) by 58.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,341,735 shares of the business services provider’s stock after purchasing an additional 865,941 shares during the quarter. IHS Markit makes up about 0.2% of Millennium Management LLC’s holdings, making the stock its 11th largest position. Millennium Management LLC’s holdings in IHS Markit were worth $226,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Choate Investment Advisors lifted its holdings in shares of IHS Markit by 1.6% in the first quarter. Choate Investment Advisors now owns 6,114 shares of the business services provider’s stock valued at $592,000 after purchasing an additional 95 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of IHS Markit by 1.7% in the first quarter. Wedbush Securities Inc. now owns 5,885 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 98 shares in the last quarter. SOA Wealth Advisors LLC. lifted its holdings in shares of IHS Markit by 19.1% in the first quarter. SOA Wealth Advisors LLC. now owns 679 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 109 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of IHS Markit by 3.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,538 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 110 shares in the last quarter. Finally, Aureus Asset Management LLC lifted its holdings in IHS Markit by 0.6% during the first quarter. Aureus Asset Management LLC now owns 17,392 shares of the business services provider’s stock worth $1,683,000 after acquiring an additional 111 shares during the period. Institutional investors own 84.50% of the company’s stock.

Shares of INFO traded up $0.36 during mid-day trading on Thursday, hitting $115.51. The stock had a trading volume of 13,490 shares, compared to its average volume of 2,549,014. The company has a market capitalization of $46.04 billion, a price-to-earnings ratio of 73.81 and a beta of 0.97. The stock’s fifty day moving average price is $109.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.04. IHS Markit Ltd. has a 52 week low of $76.04 and a 52 week high of $116.09.

IHS Markit (NYSE:INFO) last issued its earnings results on Tuesday, June 22nd. The business services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.01. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. IHS Markit had a return on equity of 11.69% and a net margin of 13.89%. The business’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. As a group, research analysts predict that IHS Markit Ltd. will post 2.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 13th. Stockholders of record on Friday, July 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, July 29th. IHS Markit’s dividend payout ratio (DPR) is presently 34.48%.

In other IHS Markit news, Director Nicoletta Giadrossi sold 3,377 shares of IHS Markit stock in a transaction dated Wednesday, April 28th. The stock was sold at an average price of $106.25, for a total transaction of $358,806.25. Also, EVP Sari Beth Granat sold 90,000 shares of IHS Markit stock in a transaction dated Friday, June 25th. The stock was sold at an average price of $112.88, for a total value of $10,159,200.00. Following the sale, the executive vice president now directly owns 155,244 shares of the company’s stock, valued at approximately $17,523,942.72. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

A number of analysts recently commented on INFO shares. Deutsche Bank Aktiengesellschaft lifted their price target on IHS Markit from $123.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, July 15th. Morgan Stanley lifted their price target on IHS Markit from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, July 8th. BMO Capital Markets lifted their price target on IHS Markit from $110.00 to $121.00 and gave the stock a “market perform” rating in a report on Thursday, June 24th. Truist lifted their price target on IHS Markit from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, June 25th. Finally, Truist Securities lifted their price target on IHS Markit from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, June 24th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $99.56.

IHS Markit Profile

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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