Los Angeles Capital Management & Equity Research Inc. Buys Shares of 216,280 IHS Markit Ltd (INFO)

Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of IHS Markit Ltd (NASDAQ:INFO) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 216,280 shares of the business services provider’s stock, valued at approximately $11,761,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.05% of IHS Markit at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INFO. Lunia Capital LP boosted its holdings in IHS Markit by 5,785.0% during the fourth quarter. Lunia Capital LP now owns 12,980,059 shares of the business services provider’s stock valued at $12,980,000 after purchasing an additional 12,759,498 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in IHS Markit by 21.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 22,031,949 shares of the business services provider’s stock valued at $1,056,784,000 after purchasing an additional 3,927,202 shares in the last quarter. Norges Bank acquired a new stake in IHS Markit during the fourth quarter valued at approximately $164,394,000. Oregon Public Employees Retirement Fund boosted its holdings in IHS Markit by 4,638.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,860,373 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 1,821,111 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in IHS Markit by 60.2% during the fourth quarter. Bank of America Corp DE now owns 4,814,676 shares of the business services provider’s stock valued at $230,961,000 after purchasing an additional 1,808,786 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

Shares of NASDAQ:INFO traded up $0.29 during trading on Wednesday, reaching $58.72. The stock had a trading volume of 1,294,907 shares, compared to its average volume of 1,783,080. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $59.14. The stock has a market capitalization of $23.47 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 2.54 and a beta of 0.83.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.15. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.53 EPS. IHS Markit’s revenue was up 12.3% on a year-over-year basis. As a group, analysts forecast that IHS Markit Ltd will post 2.12 EPS for the current fiscal year.

In related news, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $54.50, for a total value of $1,635,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd S. Hyatt sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $56.24, for a total transaction of $2,249,600.00. Following the completion of the transaction, the chief financial officer now owns 243,083 shares of the company’s stock, valued at approximately $13,670,987.92. The disclosure for this sale can be found here. Insiders own 2.68% of the company’s stock.

A number of research firms have weighed in on INFO. BidaskClub raised IHS Markit from a “buy” rating to a “strong-buy” rating in a report on Friday, May 17th. Piper Jaffray Companies lifted their target price on shares of IHS Markit from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Zacks Investment Research cut shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Morgan Stanley lifted their target price on shares of IHS Markit from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Finally, UBS Group lifted their target price on shares of IHS Markit from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $58.86.

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IHS Markit 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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Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

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