Tealwood Asset Management Inc. purchased a new stake in shares of IHS Markit Ltd. (NASDAQ:INFO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,430 shares of the business services provider’s stock, valued at approximately $1,472,000.
Other institutional investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its stake in shares of IHS Markit by 25.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 28,460 shares of the business services provider’s stock worth $1,008,000 after buying an additional 5,700 shares during the last quarter. Tudor Investment Corp Et Al bought a new stake in shares of IHS Markit during the fourth quarter valued at approximately $257,000. Guggenheim Capital LLC bought a new stake in shares of IHS Markit during the fourth quarter valued at approximately $273,000. RMB Capital Management LLC boosted its stake in shares of IHS Markit by 4.4% in the fourth quarter. RMB Capital Management LLC now owns 597,632 shares of the business services provider’s stock valued at $21,162,000 after buying an additional 25,456 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of IHS Markit by 13.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 807,820 shares of the business services provider’s stock valued at $28,603,000 after buying an additional 95,946 shares during the period. 98.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of IHS Markit Ltd. (INFO) traded up 1.09% during midday trading on Friday, reaching $45.65. The company had a trading volume of 1,550,442 shares. The company’s 50 day moving average price is $45.36 and its 200-day moving average price is $43.25. IHS Markit Ltd. has a 52 week low of $34.13 and a 52 week high of $47.92. The company has a market capitalization of $18.25 billion, a P/E ratio of 84.38 and a beta of 0.88.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, June 27th. The business services provider reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. IHS Markit had a return on equity of 7.33% and a net margin of 6.66%. The firm had revenue of $906.10 million during the quarter, compared to the consensus estimate of $897.80 million. The firm’s revenue was up 54.1% compared to the same quarter last year. On average, equities research analysts predict that IHS Markit Ltd. will post $2.06 earnings per share for the current fiscal year.
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Several equities analysts have recently commented on INFO shares. BMO Capital Markets reiterated a “buy” rating on shares of IHS Markit in a research report on Thursday, April 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $52.00 price objective (up from $50.00) on shares of IHS Markit in a research note on Friday, June 16th. Stifel Nicolaus increased their target price on shares of IHS Markit from $38.00 to $43.00 and gave the company a “hold” rating in a report on Friday, April 28th. Cantor Fitzgerald restated a “hold” rating and set a $41.00 price target on shares of IHS Markit in a research report on Wednesday, April 26th. Finally, UBS AG restated a “neutral” rating and issued a $47.00 price objective (up from $43.00) on shares of IHS Markit in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.00.
In related news, President Lance Darrell Gordon Uggla sold 112,162 shares of IHS Markit stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $47.27, for a total value of $5,301,897.74. Following the transaction, the president now owns 461,344 shares in the company, valued at $21,807,730.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Ford sold 1,300,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $43.50, for a total value of $56,550,000.00. Following the completion of the transaction, the director now directly owns 9,639 shares in the company, valued at $419,296.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,331,463 shares of company stock worth $104,858,385.
About IHS Markit
IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.
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