Syquant Capital Sas Invests $22.59 Million in IHS Markit Ltd. (NYSE:INFO)

Syquant Capital Sas acquired a new position in IHS Markit Ltd. (NYSE:INFO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 193,730 shares of the business services provider’s stock, valued at approximately $22,593,000. IHS Markit comprises approximately 13.8% of Syquant Capital Sas’ holdings, making the stock its 2nd biggest position.

Other institutional investors have also recently modified their holdings of the company. Vigilant Capital Management LLC acquired a new stake in shares of IHS Markit in the third quarter worth $25,000. Harvest Fund Management Co. Ltd raised its stake in IHS Markit by 66.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 391 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 156 shares during the last quarter. Trustcore Financial Services LLC raised its stake in IHS Markit by 187.3% during the 2nd quarter. Trustcore Financial Services LLC now owns 451 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 294 shares during the last quarter. Strategic Blueprint LLC acquired a new position in IHS Markit during the 2nd quarter valued at $51,000. Finally, Eagle Bay Advisors LLC acquired a new position in IHS Markit during the 2nd quarter valued at $92,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Shares of INFO opened at $129.78 on Thursday. The stock has a market capitalization of $51.76 billion, a P/E ratio of 83.73 and a beta of 0.99. IHS Markit Ltd. has a twelve month low of $83.26 and a twelve month high of $132.35. The company has a 50 day moving average of $123.96 and a 200-day moving average of $117.01. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.52.

IHS Markit (NYSE:INFO) last released its earnings results on Monday, September 27th. The business services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. IHS Markit had a net margin of 13.53% and a return on equity of 11.91%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $0.65 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts anticipate that IHS Markit Ltd. will post 2.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 12th. Stockholders of record on Friday, October 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, October 28th. IHS Markit’s dividend payout ratio is currently 51.61%.

Several research firms recently commented on INFO. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Friday, October 1st. Morgan Stanley boosted their price target on shares of IHS Markit from $137.00 to $144.00 and gave the company an “overweight” rating in a report on Wednesday, October 27th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $118.00.

IHS Markit Profile

IHS Markit Ltd. engages in the provision of information, analytics, and solutions to customers in the business, finance, and government sectors. It operates through the following segments: Financial Services, Transportation, Resources, and Consolidated Markets and Solutions. The Financial Services segment consists of pricing and reference data, indices product portfolio, valuation, and research, sales, and trading activities.

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Institutional Ownership by Quarter for IHS Markit (NYSE:INFO)

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