IHS Markit Ltd. (INFO) Shares Bought by BT Investment Management Ltd
BT Investment Management Ltd grew its position in IHS Markit Ltd. (NASDAQ:INFO) by 156.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,887,279 shares of the business services provider’s stock after purchasing an additional 3,590,548 shares during the period. IHS Markit makes up approximately 3.4% of BT Investment Management Ltd’s holdings, making the stock its 4th largest holding. BT Investment Management Ltd owned approximately 1.48% of IHS Markit worth $259,511,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its holdings in shares of IHS Markit by 2.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 486,113 shares of the business services provider’s stock valued at $21,428,000 after buying an additional 12,625 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of IHS Markit by 2.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 429,408 shares of the business services provider’s stock valued at $18,928,000 after buying an additional 11,010 shares during the period. New York State Teachers Retirement System raised its holdings in shares of IHS Markit by 1.9% during the 3rd quarter. New York State Teachers Retirement System now owns 415,555 shares of the business services provider’s stock valued at $18,318,000 after buying an additional 7,847 shares during the period. Clarkston Capital Partners LLC raised its holdings in shares of IHS Markit by 5.0% during the 3rd quarter. Clarkston Capital Partners LLC now owns 982,474 shares of the business services provider’s stock valued at $43,307,000 after buying an additional 46,588 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of IHS Markit during the 3rd quarter valued at about $980,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.
IHS Markit Ltd. (INFO) traded up $0.56 during mid-day trading on Friday, reaching $43.49. The company’s stock had a trading volume of 1,715,419 shares, compared to its average volume of 1,957,689. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market cap of $17,347.86, a P/E ratio of 26.85, a PEG ratio of 2.32 and a beta of 0.82. IHS Markit Ltd. has a 52 week low of $34.13 and a 52 week high of $48.53.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The firm had revenue of $904.70 million for the quarter, compared to analysts’ expectations of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The business’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. equities research analysts anticipate that IHS Markit Ltd. will post 1.56 EPS for the current fiscal year.
Several equities research analysts recently commented on INFO shares. BMO Capital Markets reiterated an “outperform” rating and set a $50.00 target price (down from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. Zacks Investment Research upgraded IHS Markit from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Bank of America Corporation dropped their target price on IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Royal Bank Of Canada dropped their target price on IHS Markit from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, September 27th. Finally, Morgan Stanley dropped their target price on IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $47.00.
In related news, CFO Todd S. Hyatt sold 20,000 shares of IHS Markit stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total value of $884,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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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