Nomura Asset Management Co. Ltd. Purchases 4,792 Shares of IHS Markit (INFO)

Nomura Asset Management Co. Ltd. boosted its position in IHS Markit (NASDAQ:INFO) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,166 shares of the business services provider’s stock after buying an additional 4,792 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in IHS Markit were worth $2,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BB&T Securities LLC lifted its holdings in IHS Markit by 99.6% in the first quarter. BB&T Securities LLC now owns 27,023 shares of the business services provider’s stock valued at $1,303,000 after acquiring an additional 13,486 shares during the period. Carillon Tower Advisers Inc. lifted its holdings in IHS Markit by 20.8% in the first quarter. Carillon Tower Advisers Inc. now owns 811,137 shares of the business services provider’s stock valued at $38,545,000 after acquiring an additional 139,568 shares during the period. Westfield Capital Management Co. LP lifted its holdings in IHS Markit by 32.6% in the first quarter. Westfield Capital Management Co. LP now owns 1,339,177 shares of the business services provider’s stock valued at $64,602,000 after acquiring an additional 329,437 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in IHS Markit by 58.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 27,514 shares of the business services provider’s stock valued at $1,327,000 after acquiring an additional 10,188 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in IHS Markit in the first quarter valued at approximately $1,005,000. Hedge funds and other institutional investors own 96.50% of the company’s stock.

In related news, EVP Adam Jason Kansler sold 10,000 shares of the stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $49.50, for a total value of $495,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ruann Faye Ernst sold 7,400 shares of the stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $47.59, for a total value of $352,166.00. Following the completion of the transaction, the director now directly owns 69,312 shares of the company’s stock, valued at $3,298,558.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 622,400 shares of company stock valued at $30,314,866. Corporate insiders own 2.68% of the company’s stock.

Shares of IHS Markit opened at $50.60 on Wednesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $19.84 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.33 and a beta of 0.77. IHS Markit has a 1-year low of $42.40 and a 1-year high of $52.61.

IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, March 27th. The business services provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $932.10 million during the quarter, compared to the consensus estimate of $906.91 million. IHS Markit had a return on equity of 9.33% and a net margin of 16.06%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. sell-side analysts forecast that IHS Markit will post 1.84 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their price target on IHS Markit to $57.00 in a report on Tuesday, May 15th. BidaskClub downgraded IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada reissued a “buy” rating and issued a $57.00 price target (up from $55.00) on shares of IHS Markit in a report on Tuesday, March 27th. They noted that the move was a valuation call. Macquarie raised IHS Markit from a “neutral” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Tuesday, May 22nd. Finally, ValuEngine downgraded IHS Markit from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. IHS Markit has an average rating of “Buy” and a consensus price target of $53.92.

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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