IHS Markit Ltd. (INFO) Shares Bought by Profund Advisors LLC
Profund Advisors LLC grew its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 107.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,969 shares of the business services provider’s stock after purchasing an additional 5,691 shares during the period. Profund Advisors LLC’s holdings in IHS Markit were worth $483,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Swiss National Bank lifted its stake in IHS Markit by 6.3% during the second quarter. Swiss National Bank now owns 1,350,757 shares of the business services provider’s stock worth $59,487,000 after purchasing an additional 80,000 shares during the last quarter. Prudential Financial Inc. lifted its stake in IHS Markit by 6,953.5% during the second quarter. Prudential Financial Inc. now owns 415,450 shares of the business services provider’s stock worth $18,297,000 after purchasing an additional 409,560 shares during the last quarter. Principal Financial Group Inc. lifted its stake in IHS Markit by 26.1% during the second quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock worth $328,279,000 after purchasing an additional 1,542,180 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in IHS Markit during the second quarter worth about $36,259,000. Finally, Goldman Sachs Group Inc. lifted its stake in IHS Markit by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,727,522 shares of the business services provider’s stock worth $72,469,000 after purchasing an additional 99,109 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.
Shares of IHS Markit Ltd. (NASDAQ:INFO) opened at 44.08 on Friday. The company has a market capitalization of $17.53 billion, a PE ratio of 46.30 and a beta of 0.88. The firm’s 50-day moving average price is $46.67 and its 200 day moving average price is $44.61. 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, topping the Zacks’ consensus estimate of $0.53 by $0.04. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The company had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. During the same period in the prior year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities analysts forecast that IHS Markit Ltd. will post $2.06 earnings per share for the current year.
Several equities research analysts have issued reports on the company. UBS AG reaffirmed a “neutral” rating and set a $47.00 price target (up previously from $43.00) on shares of IHS Markit in a research note on Friday, June 30th. Morgan Stanley dropped their price target on IHS Markit from $41.00 to $40.00 and set an “underweight” rating for the company in a research note on Wednesday. Wells Fargo & Company dropped their price target on IHS Markit from $52.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday. Zacks Investment Research downgraded IHS Markit from a “hold” rating to a “sell” rating in a report on Friday. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $50.00 price objective (down previously from $52.00) on shares of IHS Markit in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $46.67.
In other news, President Lance Darrell Gordon Uggla sold 845,640 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $47.00, for a total transaction of $39,745,080.00. Following the transaction, the president now directly owns 1,177,904 shares of the company’s stock, valued at $55,361,488. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Daniel Yergin sold 43,657 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $44.17, for a total transaction of $1,928,329.69. Following the transaction, the insider now directly owns 364,703 shares in the company, valued at $16,108,931.51. The disclosure for this sale can be found here. Insiders sold a total of 1,031,463 shares of company stock worth $48,308,385 over the last three months.
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.
Want to see what other hedge funds are holding INFO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IHS Markit Ltd. (NASDAQ:INFO).
Receive News & Ratings for IHS Markit Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.