State of Wisconsin Investment Board decreased its holdings in shares of IHS Markit (NASDAQ:INFO) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 362,412 shares of the business services provider’s stock after selling 4,026 shares during the quarter. State of Wisconsin Investment Board’s holdings in IHS Markit were worth $17,483,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of INFO. Capital One National Association acquired a new position in IHS Markit during the fourth quarter worth about $211,000. Tower Research Capital LLC TRC raised its stake in IHS Markit by 779.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock worth $230,000 after acquiring an additional 4,515 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in IHS Markit during the fourth quarter worth about $247,000. Rehmann Capital Advisory Group acquired a new position in IHS Markit during the fourth quarter worth about $261,000. Finally, Conning Inc. acquired a new position in IHS Markit during the fourth quarter worth about $262,000. 98.95% of the stock is owned by hedge funds and other institutional investors.
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Several research analysts have commented on the company. BMO Capital Markets boosted their target price on IHS Markit to $57.00 in a research note on Tuesday. Zacks Investment Research downgraded IHS Markit from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine raised IHS Markit from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Wells Fargo boosted their price target on IHS Markit from $55.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 28th. Finally, Cantor Fitzgerald boosted their price target on IHS Markit from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.42.
In related news, CEO Lance Darrell Gordon Uggla sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $48.36, for a total value of $3,868,800.00. Following the sale, the chief executive officer now directly owns 806,023 shares in the company, valued at $38,979,272.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ruann Faye Ernst sold 7,400 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $47.59, for a total value of $352,166.00. Following the completion of the sale, the director now owns 69,312 shares in the company, valued at $3,298,558.08. The disclosure for this sale can be found here. Insiders sold 622,400 shares of company stock worth $30,314,866 over the last quarter. 2.68% of the stock is currently owned by company insiders.
NASDAQ:INFO opened at $51.33 on Friday. The stock has a market cap of $20.20 billion, a PE ratio of 30.55, a PEG ratio of 2.41 and a beta of 0.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. IHS Markit has a 1-year low of $51.37 and a 1-year high of $51.71.
IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, March 27th. The business services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. IHS Markit had a return on equity of 9.33% and a net margin of 16.06%. The business had revenue of $932.10 million for the quarter, compared to analysts’ expectations of $906.91 million. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. sell-side analysts anticipate that IHS Markit will post 1.84 earnings per share for the current year.
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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