Goldman Sachs Group Inc. boosted its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 23.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,936,881 shares of the business services provider’s stock after acquiring an additional 737,185 shares during the period. Goldman Sachs Group Inc. owned 0.99% of IHS Markit worth $177,750,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INFO. Swiss National Bank raised its position in shares of IHS Markit by 11.0% during the third quarter. Swiss National Bank now owns 1,499,957 shares of the business services provider’s stock valued at $66,118,000 after buying an additional 149,200 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of IHS Markit by 8.3% in the third quarter. Bank of New York Mellon Corp now owns 2,442,648 shares of the business services provider’s stock valued at $107,672,000 after purchasing an additional 188,205 shares in the last quarter. AMP Capital Investors Ltd grew its holdings in shares of IHS Markit by 18.8% in the third quarter. AMP Capital Investors Ltd now owns 212,779 shares of the business services provider’s stock valued at $9,378,000 after purchasing an additional 33,707 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of IHS Markit by 226.9% in the third quarter. BNP Paribas Arbitrage SA now owns 391,062 shares of the business services provider’s stock valued at $17,238,000 after purchasing an additional 271,426 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of IHS Markit by 9.8% in the third quarter. Wells Fargo & Company MN now owns 1,711,571 shares of the business services provider’s stock valued at $75,446,000 after purchasing an additional 152,419 shares in the last quarter. Institutional investors own 91.36% of the company’s stock.
In other IHS Markit news, Director Robert P. Kelly bought 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was acquired at an average cost of $48.69 per share, for a total transaction of $486,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd S. Hyatt sold 25,000 shares of IHS Markit stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $47.40, for a total value of $1,185,000.00. Following the sale, the chief financial officer now owns 415,128 shares of the company’s stock, valued at $19,677,067.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,562 shares of company stock valued at $9,923,853. Corporate insiders own 2.68% of the company’s stock.
Shares of IHS Markit Ltd (NASDAQ INFO) opened at $49.06 on Monday. IHS Markit Ltd has a 52-week low of $37.82 and a 52-week high of $49.19. The firm has a market capitalization of $20,836.38, a price-to-earnings ratio of 48.57, a PEG ratio of 2.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.53 and a current ratio of 0.53.
IHS Markit (NASDAQ:INFO) last released its earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The business had revenue of $944.70 million during the quarter, compared to the consensus estimate of $912.65 million. During the same period last year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities research analysts predict that IHS Markit Ltd will post 1.84 EPS for the current year.
IHS Markit Company Profile
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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