NorthCoast Asset Management LLC trimmed its holdings in IHS Markit Ltd. (NYSE:INFO) by 2.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,969 shares of the business services provider’s stock after selling 280 shares during the quarter. NorthCoast Asset Management LLC’s holdings in IHS Markit were worth $1,351,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Choate Investment Advisors increased its position in IHS Markit by 1.6% in the first quarter. Choate Investment Advisors now owns 6,114 shares of the business services provider’s stock worth $592,000 after purchasing an additional 95 shares during the period. Belpointe Asset Management LLC increased its position in IHS Markit by 6.5% in the second quarter. Belpointe Asset Management LLC now owns 1,635 shares of the business services provider’s stock worth $184,000 after purchasing an additional 100 shares during the period. Aureus Asset Management LLC increased its position in IHS Markit by 0.6% in the first quarter. Aureus Asset Management LLC now owns 17,392 shares of the business services provider’s stock worth $1,683,000 after purchasing an additional 111 shares during the period. National Asset Management Inc. increased its position in IHS Markit by 3.2% in the second quarter. National Asset Management Inc. now owns 3,652 shares of the business services provider’s stock worth $412,000 after purchasing an additional 113 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in IHS Markit by 4.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,838 shares of the business services provider’s stock worth $320,000 after purchasing an additional 123 shares during the period. 88.21% of the stock is owned by institutional investors and hedge funds.
In other IHS Markit news, EVP Sari Beth Granat sold 90,000 shares of the business’s stock in a transaction that occurred on 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 owns 155,244 shares in the company, valued at approximately $17,523,942.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lance Darrell Gordon Uggla sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 4th. The shares were sold at an average price of $118.51, for a total value of $1,659,140.00. The disclosure for this sale can be found here. Insiders have sold a total of 147,190 shares of company stock worth $16,935,059 in the last quarter. 0.56% of the stock is currently owned by company insiders.
NYSE:INFO opened at $121.81 on Wednesday. IHS Markit Ltd. has a fifty-two week low of $76.04 and a fifty-two week high of $124.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $48.55 billion, a PE ratio of 78.08 and a beta of 0.98. The business’s 50-day simple moving average is $118.53 and its 200-day simple moving average is $109.58.
IHS Markit (NYSE:INFO) last released its quarterly earnings data on Tuesday, June 22nd. The business services provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.01. IHS Markit had a return on equity of 11.69% and a net margin of 13.89%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business posted $0.69 EPS. IHS Markit’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, research analysts expect that IHS Markit Ltd. will post 2.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Friday, July 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, July 29th. IHS Markit’s dividend payout ratio (DPR) is presently 34.48%.
About IHS Markit
IHS Markit Ltd. engages in the provision of information, analytics, and solutions to customers in the business, finance, and government sectors. It operates through the following segments: Financial Services, Transportation, Resources, and Consolidated Markets and Solutions. The Financial Services segment consists of pricing and reference data, indices product portfolio, valuation, and research, sales, and trading activities.
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