Sentry Investment Management LLC cut its stake in shares of IHS Markit Ltd (NASDAQ:INFO) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,289 shares of the business services provider’s stock after selling 1,890 shares during the quarter. Sentry Investment Management LLC’s holdings in IHS Markit were worth $1,158,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of IHS Markit by 3.6% in the fourth quarter. BlackRock Inc. now owns 23,244,306 shares of the business services provider’s stock valued at $1,115,027,000 after purchasing an additional 809,731 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of IHS Markit by 21.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 22,031,949 shares of the business services provider’s stock worth $1,056,784,000 after acquiring an additional 3,927,202 shares during the last quarter. Lunia Capital LP increased its stake in shares of IHS Markit by 5,785.0% in the fourth quarter. Lunia Capital LP now owns 12,980,059 shares of the business services provider’s stock worth $12,980,000 after acquiring an additional 12,759,498 shares during the last quarter. American Century Companies Inc. increased its stake in shares of IHS Markit by 0.4% in the fourth quarter. American Century Companies Inc. now owns 7,566,338 shares of the business services provider’s stock worth $362,957,000 after acquiring an additional 28,387 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of IHS Markit by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 4,917,673 shares of the business services provider’s stock worth $235,497,000 after acquiring an additional 376,102 shares during the last quarter. 96.19% of the stock is owned by institutional investors.
In other news, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the company’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 transaction of $1,635,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd S. Hyatt sold 40,000 shares of the company’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 sale, the chief financial officer now directly 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. 2.68% of the stock is currently owned by corporate insiders.
INFO traded up $0.06 during trading on Friday, hitting $59.32. The company had a trading volume of 854,707 shares, compared to its average volume of 1,739,524. 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 one year low of $44.52 and a one year high of $61.05. The stock has a market capitalization of $23.77 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.62 and a beta of 0.78.
IHS Markit (NASDAQ:INFO) last released 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 company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned $0.53 EPS. IHS Markit’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts predict that IHS Markit Ltd will post 2.12 EPS for the current fiscal year.
INFO has been the topic of a number of research reports. UBS Group upped their price target on shares of IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 12th. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Wednesday, March 20th. Morgan Stanley upped their price target on shares of IHS Markit from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. BidaskClub cut shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Piper Jaffray Companies increased 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $58.77.
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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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