Barclays PLC Reduces Position in IHS Markit Ltd (INFO)

Barclays PLC reduced its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 40.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 340,505 shares of the business services provider’s stock after selling 232,959 shares during the period. Barclays PLC owned approximately 0.09% of IHS Markit worth $16,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in INFO. Teachers Advisors LLC increased its stake in IHS Markit by 19.9% during the 3rd quarter. Teachers Advisors LLC now owns 1,399,999 shares of the business services provider’s stock worth $75,544,000 after acquiring an additional 232,284 shares during the period. Comerica Bank increased its stake in IHS Markit by 5.5% during the 4th quarter. Comerica Bank now owns 318,334 shares of the business services provider’s stock worth $16,108,000 after acquiring an additional 16,461 shares during the period. Oregon Public Employees Retirement Fund increased its stake in IHS Markit by 4,638.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,860,373 shares of the business services provider’s stock worth $39,000 after acquiring an additional 1,821,111 shares during the period. IFM Investors Pty Ltd increased its stake in IHS Markit by 10.5% during the 4th quarter. IFM Investors Pty Ltd now owns 22,863 shares of the business services provider’s stock worth $1,097,000 after acquiring an additional 2,180 shares during the period. Finally, Parkwood LLC increased its stake in IHS Markit by 21.0% during the 3rd quarter. Parkwood LLC now owns 237,251 shares of the business services provider’s stock worth $12,802,000 after acquiring an additional 41,101 shares during the period. 91.06% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Jonathan Gear sold 46,460 shares of IHS Markit stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total value of $2,417,313.80. Following the transaction, the executive vice president now owns 183,738 shares in the company, valued at approximately $9,559,888.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James A. Rosenthal purchased 1,000 shares of the firm’s stock in a transaction dated Friday, December 28th. The stock was acquired at an average price of $47.30 per share, for a total transaction of $47,300.00. Following the purchase, the director now owns 11,397 shares in the company, valued at approximately $539,078.10. The disclosure for this purchase can be found here. In the last quarter, insiders sold 82,450 shares of company stock worth $4,297,355. Corporate insiders own 1.11% of the company’s stock.

Shares of INFO opened at $54.52 on Friday. IHS Markit Ltd has a 52-week low of $44.52 and a 52-week high of $55.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $22.97 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, January 15th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.12. IHS Markit had a return on equity of 9.58% and a net margin of 13.53%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company posted $0.52 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts expect that IHS Markit Ltd will post 2.12 earnings per share for the current year.

A number of research firms have commented on INFO. Zacks Investment Research upgraded IHS Markit from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. BidaskClub upgraded IHS Markit from a “hold” rating to a “buy” rating in a research note on Tuesday, December 4th. UBS Group raised their price objective on IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 12th. Credit Suisse Group began coverage on IHS Markit in a research note on Friday, December 7th. They set an “outperform” rating and a $65.00 price objective on the stock. Finally, Morgan Stanley set a $45.00 price objective on IHS Markit and gave the stock a “sell” rating in a research note on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $58.13.

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IHS Markit Company 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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