Teachers Retirement System of The State of Kentucky raised its holdings in shares of IHS Markit Ltd (NASDAQ:INFO) by 23.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 813,184 shares of the business services provider’s stock after acquiring an additional 155,626 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.20% of IHS Markit worth $36,715,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its stake in IHS Markit by 2.3% during the 4th quarter. BlackRock Inc. now owns 23,036,135 shares of the business services provider’s stock valued at $1,040,081,000 after acquiring an additional 512,484 shares during the period. Edgewood Management LLC lifted its stake in IHS Markit by 0.9% during the 3rd quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock valued at $753,258,000 after acquiring an additional 158,338 shares during the period. BT Investment Management Ltd lifted its stake in IHS Markit by 19.6% during the 4th quarter. BT Investment Management Ltd now owns 7,039,476 shares of the business services provider’s stock valued at $317,832,000 after acquiring an additional 1,152,197 shares during the period. Neuberger Berman Group LLC lifted its stake in IHS Markit by 4.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,788,033 shares of the business services provider’s stock valued at $299,216,000 after acquiring an additional 275,288 shares during the period. Finally, American Century Companies Inc. lifted its stake in IHS Markit by 14.6% during the 4th quarter. American Century Companies Inc. now owns 6,040,310 shares of the business services provider’s stock valued at $272,720,000 after acquiring an additional 769,108 shares during the period. Institutional investors and hedge funds own 91.36% of the company’s stock.
Several brokerages have commented on INFO. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, March 7th. BidaskClub raised shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. William Blair raised shares of IHS Markit from a “market perform” rating to an “outperform” rating in a report on Thursday, February 1st. SunTrust Banks reaffirmed a “buy” rating and set a $54.00 target price on shares of IHS Markit in a report on Wednesday, January 17th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $52.00 target price on shares of IHS Markit in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.29.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. The company had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. analysts expect that IHS Markit Ltd will post 1.84 earnings per share for the current year.
In related news, EVP Adam Jason Kansler sold 50,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $48.00, for a total value of $2,400,000.00. Following the completion of the sale, the executive vice president now owns 146,612 shares of the company’s stock, valued at approximately $7,037,376. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Todd S. Hyatt sold 25,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $47.40, for a total transaction of $1,185,000.00. Following the completion of the sale, the chief financial officer now directly owns 415,128 shares of the company’s stock, valued at approximately $19,677,067.20. The disclosure for this sale can be found here. In the last three months, insiders sold 208,562 shares of company stock valued at $9,923,853. 2.68% of the stock is owned by insiders.
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IHS Markit 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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